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ABC
Stock ticker:
NYSE
AS OF
Jul 1 closing price
Price
$143.12
Change
+$1.50 (+1.06%)
Capitalization
29.98B

ABC Price Prediction, AmerisourceBergen Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jul 01, 2022

ABC's RSI Oscillator recovers from oversold territory

The RSI Indicator for ABC moved out of oversold territory on June 15, 2022. 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 19 similar instances when the indicator left oversold territory. In 13 of the 19 cases the stock moved higher. This puts the odds of a move higher at 68%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on July 01, 2022. You may want to consider a long position or call options on ABC as a result. In of 91 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 ABC just turned positive on June 23, 2022. Looking at past instances where ABC's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ABC advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 62 cases where ABC's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

ABC moved below its 50-day moving average on May 31, 2022 date and that indicates a change from an upward trend to a downward trend.

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

The Aroon Indicator for ABC entered a downward trend on June 28, 2022. 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

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock better than average.

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

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued 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: ABC's P/B Ratio (54.348) is very high in comparison to the industry average of (5.035). P/E Ratio (17.483) is within average values for comparable stocks, (18.871). Projected Growth (PEG Ratio) (1.370) is also within normal values, averaging (1.748). Dividend Yield (0.013) settles around the average of (0.033) among similar stocks. P/S Ratio (0.131) is also within normal values, averaging (13.047).

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A.I.Advisor
published price charts
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published Earnings

ABC is expected to report earnings to fall 20.19% to $2.57 per share on August 03

AmerisourceBergen Corp ABC Stock Earnings Reports
Q2'22
Est.
$2.57
Q1'22
Beat
by $0.30
Q4'21
Est.
$2.58
Q3'21
Beat
by $0.03
Q2'21
Beat
by $0.12
The last earnings report on May 04 showed earnings per share of $3.22, beating the estimate of $2.92. With 985.37K shares outstanding, the current market capitalization sits at 29.98B.
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A.I.Advisor
published Dividends

ABC paid dividends on May 31, 2022

AmerisourceBergen Corp ABC Stock Dividends
А dividend of $0.46 per share was paid with a record date of May 31, 2022, and an ex-dividend date of May 13, 2022. Read more...
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are McKesson Corp (NYSE:MCK).

Industry description

Healthcare distribution market can be segmented into pharmaceutical product distribution services, medical device distribution services, and biopharmaceutical product distribution services. In addition to serving as intermediaries, many medical distributors also purchase and take legal ownership of pharmaceuticals and manage inventory and credit risk. According to a Deloitte report, pharmaceutical distributors’ core services of efficient product distribution, inventory management, financial risk management, and information-sharing generate $33 billion-$53 billion in value annually to the U.S. health care ecosystem. Some prominent players in the overall medical distribution industry include McKesson Corporation, AmerisourceBergen Corporation, Cardinal Health, Inc. and Patterson Companies, Inc.

Market Cap

The average market capitalization across the Medical Distributors Industry is 7.1B. The market cap for tickers in the group ranges from 494.39K to 47.31B. MCK holds the highest valuation in this group at 47.31B. The lowest valued company is SNYR at 494.39K.

High and low price notable news

The average weekly price growth across all stocks in the Medical Distributors Industry was 0%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was -5%. PDCO experienced the highest price growth at 7%, while NSVGF experienced the biggest fall at -37%.

Volume

The average weekly volume growth across all stocks in the Medical Distributors Industry was -58%. For the same stocks of the Industry, the average monthly volume growth was -33% and the average quarterly volume growth was 38%

Fundamental Analysis Ratings

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

Valuation Rating: 49
P/E Growth Rating: 50
Price Growth Rating: 59
SMR Rating: 29
Profit Risk Rating: 83
Seasonality Score: -7 (-100 ... +100)
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published General Information

General Information

a distributor of pharmaceutical products

Industry MedicalDistributors

Profile
Fundamentals
Details
Industry
Medical Distributors
Address
1 West First Avenue
Phone
+1 610 727-7000
Employees
42000
Web
https://www.amerisourcebergen.com

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ABC and

Correlation & Price change

A.I.dvisor indicates that over the last year, ABC has been closely correlated with MCK. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if ABC jumps, then MCK could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ABC
1D Price
Change %
ABC100%
+1.17%
MCK - ABC
84%
Closely correlated
+1.02%
CAH - ABC
65%
Loosely correlated
+1.59%
HSIC - ABC
59%
Loosely correlated
+0.48%
PDCO - ABC
45%
Loosely correlated
+0.96%
OMI - ABC
37%
Loosely correlated
+2.96%
More