Cardinal Health, Inc. (NYSE: CAH) on Monday, plunged -4.95% from the previous trading day, before settling in for the closing price of $108.19. Within the past 52 weeks, CAH’s price has moved between $77.56 and $116.04.
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Healthcare Sector giant saw their annual sales surged by 8.47% over the last five years. The company achieved an average annual earnings per share of 25.98%. With a float of $241.78 million, this company’s outstanding shares have now reached $251.00 million.
The firm has a total of 48000 workers. Let’s measure their productivity.
Cardinal Health, Inc. (CAH) Breakdown of a Key Holders of the stock
Observing investor behavior towards Medical Distribution industry stocks is more important than anything else. The insider ownership of Cardinal Health, Inc. is 0.60%, while institutional ownership is 89.13%. The most recent insider transaction that took place on Nov 27 ’23, was worth 3,895,411. In this transaction CEO, Pharmaceutical Segment of this company sold 36,642 shares at a rate of $106.31, taking the stock ownership to the 35,202 shares. Before that another transaction happened on Aug 28 ’23, when Company’s CEO, Pharmaceutical Segment sold 6,712 for $89.81, making the entire transaction worth $602,805. This insider now owns 44,202 shares in total.
Cardinal Health, Inc. (CAH) Recent Fiscal highlights
As on 12/31/2023, Multinational firm has announced its last quarter scores, in which it reported $1.82 earnings per share (EPS) for the period topping the consensus outlook (set at $1.6) by $0.22. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.79 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 25.98% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.27% during the next five years compared to 4.23% growth over the previous five years of trading.
Cardinal Health, Inc. (NYSE: CAH) Trading Performance Indicators
Cardinal Health, Inc. (CAH) is currently performing well based on its current performance indicators. A quick ratio of 0.50 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.12. Likewise, its price to free cash flow for the trailing twelve months is 7.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.54, a number that is poised to hit 1.96 in the next quarter and is forecasted to reach 7.94 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 2.29 million was better than the volume posted last year of 2.27 million. As of the previous 9 days, the stock’s Stochastic %D was 36.19%. Additionally, its Average True Range was 2.34.
During the past 100 days, Cardinal Health, Inc.’s (CAH) raw stochastic average was set at 25.37%, which indicates a significant increase from 14.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.05% in the past 14 days, which was higher than the 22.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $109.42, while its 200-day Moving Average is $99.86. Now, the first resistance to watch is $104.48. This is followed by the second major resistance level at $106.12. The third major resistance level sits at $107.75. If the price goes on to break the first support level at $101.21, it is likely to go to the next support level at $99.58. Now, if the price goes above the second support level, the third support stands at $97.94.
Cardinal Health, Inc. (NYSE: CAH) Key Stats
Market capitalization of the company is 25.01 billion based on 243,233K outstanding shares. Right now, sales total 205,012 M and income totals 261,000 K. The company made 57,445 M in profit during its latest quarter, and 353,000 K in sales during its previous quarter.
