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May 14, 2023

Accenture's (ACN) Market Cap Jumps $20.5B to $271.66

Accenture (ACN), a leading global professional services company, recently saw a significant increase in its market capitalization. As of writing, ACN is trading at $271.66 per share, and its market cap has surged by $20.5B.

There are several factors that have contributed to this positive movement in ACN's stock price. First and foremost, the company has consistently demonstrated strong financial performance over the past few years. Its revenue and earnings have been steadily growing, and its profitability ratios are well above industry averages.

In addition to strong financials, Accenture has also been making strategic investments and partnerships that have helped it stay ahead of the curve in a rapidly evolving industry. For example, the company has been heavily investing in digital and cloud technologies, which are becoming increasingly important in today's business landscape. By staying at the forefront of these trends, Accenture is well-positioned to continue growing its market share and maintaining its competitive edge.

Furthermore, investors seem to be optimistic about the overall economic outlook, which bodes well for companies like Accenture that provide professional services. With the world slowly emerging from the COVID-19 pandemic, businesses are looking for ways to adapt to the new normal and are turning to consulting firms like Accenture for guidance.

As a financial analyst and trader, it's important to note that while Accenture's recent market cap increase is certainly a positive sign, there is always a degree of uncertainty and volatility in the stock market. Therefore, it's important to remain vigilant and closely monitor the company's financial performance and market trends. However, at this time, ACN appears to be a strong company with a promising future, and investors may want to consider adding it to their portfolios.

Related Ticker: ACN

ACN's RSI Indicator climbs out of oversold territory

The RSI Oscillator for ACN moved out of oversold territory on June 04, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 22 similar instances when the indicator left oversold territory. In of the 22 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 20, 2024. You may want to consider a long position or call options on ACN as a result. In of 72 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ACN just turned positive on June 10, 2024. Looking at past instances where ACN's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

ACN moved above its 50-day moving average on June 20, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ACN advanced for three days, in of 346 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

The 50-day moving average for ACN moved below the 200-day moving average on May 16, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ACN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ACN broke above its upper Bollinger Band on June 20, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for ACN entered a downward trend on June 11, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 83%.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.974) is normal, around the industry mean (9.638). P/E Ratio (28.295) is within average values for comparable stocks, (45.580). Projected Growth (PEG Ratio) (1.994) is also within normal values, averaging (1.526). Dividend Yield (0.016) settles around the average of (0.024) among similar stocks. P/S Ratio (3.053) is also within normal values, averaging (46.525).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock slightly better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ACN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

Notable companies

The most notable companies in this group are Accenture PLC (NYSE:ACN), International Business Machines Corp (NYSE:IBM), Xerox Holdings Corp (NASDAQ:XRX), Unisys Corp (NYSE:UIS).

Industry description

The industry, whose total market cap runs into trillions, makes hardware/software that allows data to be stored, retrieved, transmitted, and manipulated on computers. With the ever-increasing relevance of data, the information technology (IT) industry has gained momentous growth over the years, and continues to thrive on innovation. Some of the behemoths in the industry are International Business Machines Corporation, Accenture, and VMware, Inc.

Market Cap

The average market capitalization across the Information Technology Services Industry is 8.61B. The market cap for tickers in the group ranges from 0 to 193.54B. ACN holds the highest valuation in this group at 193.54B. The lowest valued company is ARSC at 0.

High and low price notable news

The average weekly price growth across all stocks in the Information Technology Services Industry was 2%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 3%. AEXAY experienced the highest price growth at 70%, while APPEF experienced the biggest fall at -40%.

Volume

The average weekly volume growth across all stocks in the Information Technology Services Industry was 177%. For the same stocks of the Industry, the average monthly volume growth was 130% and the average quarterly volume growth was 167%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 41
P/E Growth Rating: 63
Price Growth Rating: 50
SMR Rating: 75
Profit Risk Rating: 82
Seasonality Score: 5 (-100 ... +100)
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ACNDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
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A.I. Advisor
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General Information

an investment holding company with interest in providing management consulting, technology and outsourcing services

Industry InformationTechnologyServices

Profile
Fundamentals
Details
Industry
Information Technology Services
Address
1 Grand Canal Square
Phone
+353 16462000
Employees
733000
Web
https://www.accenture.com
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