Albertsons Companies Inc (NYSE:ACI) shares, rose in value, with the stock price up by 0.29% to the previous day’s close as strong demand from buyers drove the stock to $22.22.
Actively observing the price movement in the recent trading, the stock is buoying the session at $22.16. The PE ratio was 13.52 over 12-month period. Referring to stock’s 52-week performance, its high was $23.20, and the low was $17.00. On the whole, ACI has fluctuated by 1.11% over the past month.
With the market capitalization of Albertsons Companies Inc currently standing at about $12.80 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.54, with its dividend yield at 2.43%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ACI’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of ACI currently trading nearly 0.83% and 1.94% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.57, while the 7-day volatility ratio is showing 0.63% which for the 30-day chart, stands at 1.12%. Furthermore, Albertsons Companies Inc (ACI)’s beta value is 0.45, and its average true range (ATR) is 0.45.
A comparison of Albertsons Companies Inc (ACI) with its peers suggests the former has fared considerably weaker in the market. ACI showed an intraday change of 0.29% in today’s session so far, and over the past year, it grew by 9.15%%.
Data on historical trading for Albertsons Companies Inc (NYSE:ACI) indicates that the trading volumes over the past 3 months, they’ve averaged 6.86 million. According to company’s latest data on outstanding shares, there are 575.44 million shares outstanding.
Nearly 28.15% of Albertsons Companies Inc’s shares belong to company insiders and institutional investors own 59.30% of the company’s shares. The stock has risen by 13.16% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ACI stock heading into the next quarter.
