Cencora Inc. (NYSE: COR) on Monday, plunged -0.95% from the previous trading day, before settling in for the closing price of $239.13. Within the past 52 weeks, COR’s price has moved between $163.37 and $246.75.
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A company in the Healthcare sector has jumped its sales by 9.35% annually for the last half of the decade. The company achieved an average annual earnings per share of 12.30%. With a float of $172.52 million, this company’s outstanding shares have now reached $200.81 million.
In an organization with 46000 employees, it is important to assess its efficiency.
Cencora Inc. (COR) Insider and Institutional Ownership
Observing investor behavior towards Medical Distribution industry stocks is more important than anything else. The insider ownership of Cencora Inc. is 13.52%, while institutional ownership is 86.13%. The most recent insider transaction that took place on Apr 16 ’24, was worth 2,553,860. In this transaction Chairman, President & CEO of this company sold 10,754 shares at a rate of $237.48, taking the stock ownership to the 285,088 shares. Before that another transaction happened on Apr 15 ’24, when Company’s Executive Vice President & COO sold 57,564 for $235.09, making the entire transaction worth $13,532,721. This insider now owns 24,412 shares in total.
Cencora Inc. (COR) Latest Financial update
As on 12/31/2023, Multinational firm has announced its last quarter scores, in which it reported $3.28 earnings per share (EPS) for the period topping the consensus outlook (set at $2.89) by $0.39. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.24 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 12.30% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.01% during the next five years compared to 2.53% growth over the previous five years of trading.
Cencora Inc. (NYSE: COR) Trading Performance Indicators
Cencora Inc. (COR) is currently performing well based on its current performance indicators. A quick ratio of 0.52 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 0.17. Likewise, its price to free cash flow for the trailing twelve months is 13.02.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.18, a number that is poised to hit 3.71 in the next quarter and is forecasted to reach 14.73 in one year’s time.
Technical Analysis of Cencora Inc. (COR)
Let’s dig in a bit further. During the last 5-days, its volume was 1.63 million. That was better than the volume of 1.27 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 56.35%. Additionally, its Average True Range was 3.39.
During the past 100 days, Cencora Inc.’s (COR) raw stochastic average was set at 80.56%, which indicates a significant increase from 27.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.36% in the past 14 days, which was lower than the 15.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $237.70, while its 200-day Moving Average is $206.04. However, in the short run, Cencora Inc.’s stock first resistance to watch stands at $239.00. Second resistance stands at $241.14. The third major resistance level sits at $243.28. If the price goes on to break the first support level at $234.72, it is likely to go to the next support level at $232.58. The third support level lies at $230.44 if the price breaches the second support level.
Cencora Inc. (NYSE: COR) Key Stats
Market capitalization of the company is 47.25 billion based on 199,482K outstanding shares. Right now, sales total 262,173 M and income totals 1,745 M. The company made 72,253 M in profit during its latest quarter, and 601,500 K in sales during its previous quarter.
