Cardinal Health Inc. (CAH) 20 Days SMA touches 3.32%: The odds favor the bear

Cardinal Health Inc. (NYSE: CAH) kicked off on May 19, 2023, at the price of $85.87, up 0.43% from the previous trading day. During the day, the shares moved up to $86.46 and dropped to $85.53 before settling in for the closing price of $85.56. Over the past 52 weeks, CAH has traded in a range of $49.70-$87.03.

Healthcare Sector giant saw their annual sales surged by 6.90% over the last five years. While this was happening, its average annual earnings per share was recorded -260.90%. With a float of $253.48 million, this company’s outstanding shares have now reached $256.00 million.

The firm has a total of 46500 workers. Let’s measure their productivity. In terms of profitability, gross margin is +3.44, operating margin of +0.92, and the pretax margin is -0.42.

Cardinal Health Inc. (CAH) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Medical Distribution Industry. The insider ownership of Cardinal Health Inc. is 0.60%, while institutional ownership is 93.00%. The most recent insider transaction that took place on Nov 15, was worth 14,944. In this transaction Director of this company bought 200 shares at a rate of $74.72, taking the stock ownership to the 3,324 shares. Before that another transaction happened on Nov 14, when Company’s Director bought 200 for $76.30, making the entire transaction worth $15,260. This insider now owns 3,124 shares in total.

Cardinal Health Inc. (CAH) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 3/30/2023, the organization reported $1.74 earnings per share (EPS), higher than consensus estimate (set at $1.49) by $0.25. This company achieved a net margin of -0.51 while generating a return on equity of -172.46. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.44 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -260.90% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.98% during the next five years compared to -23.10% drop over the previous five years of trading.

Cardinal Health Inc. (NYSE: CAH) Trading Performance Indicators

Take a look at Cardinal Health Inc.’s (CAH) current performance indicators. Last quarter, stock had a quick ratio of 0.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.11. Likewise, its price to free cash flow for the trailing twelve months is 5.43.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.75, a number that is poised to hit 1.47 in the next quarter and is forecasted to reach 6.51 in one year’s time.

Technical Analysis of Cardinal Health Inc. (CAH)

Analysing the last 5-days average volume posted by the [Cardinal Health Inc., CAH], we can find that recorded value of 2.02 million was lower than the volume posted last year of 2.38 million. As of the previous 9 days, the stock’s Stochastic %D was 73.69%. Additionally, its Average True Range was 1.44.

During the past 100 days, Cardinal Health Inc.’s (CAH) raw stochastic average was set at 94.08%, which indicates a significant increase from 88.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.91% in the past 14 days, which was lower than the 21.22% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $78.48, while its 200-day Moving Average is $75.09. Now, the first resistance to watch is $86.42. This is followed by the second major resistance level at $86.90. The third major resistance level sits at $87.35. If the price goes on to break the first support level at $85.49, it is likely to go to the next support level at $85.04. Should the price break the second support level, the third support level stands at $84.56.

Cardinal Health Inc. (NYSE: CAH) Key Stats

The company with the Market Capitalisation of 21.78 billion has total of 254,600K Shares Outstanding. Its annual sales at the moment are 181,364 M in contrast with the sum of -933,000 K annual income. Company’s last quarter sales were recorded 50,487 M and last quarter income was 345,000 K.