On Tuesday, Laboratory Corp. Of America Holdings (NYSE: LH) was 2.41% up from the session before settling in for the closing price of $203.07. A 52-week range for LH has been $179.58 – $234.09.
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Annual sales at Healthcare sector company grew by 2.87% over the past five years. When this article was written, the company’s average yearly earnings per share was at 9.43%. With a float of $83.77 million, this company’s outstanding shares have now reached $83.90 million.
Let’s look at the performance matrix of the company that is accounted for 67000 employees.
Laboratory Corp. Of America Holdings (LH) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Laboratory Corp. Of America Holdings stocks. The insider ownership of Laboratory Corp. Of America Holdings is 0.39%, while institutional ownership is 98.40%. The most recent insider transaction that took place on Apr 01 ’24, was worth 1,407,387. In this transaction EVP, Pres Diagnostics & COO of this company sold 6,477 shares at a rate of $217.29, taking the stock ownership to the 5,036 shares. Before that another transaction happened on Apr 01 ’24, when Company’s EVP, Chief Marketing Officer sold 3,500 for $217.29, making the entire transaction worth $760,515. This insider now owns 3,975 shares in total.
Laboratory Corp. Of America Holdings (LH) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 9.43% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.36% during the next five years compared to -11.14% drop over the previous five years of trading.
Laboratory Corp. Of America Holdings (NYSE: LH) Trading Performance Indicators
You can see what Laboratory Corp. Of America Holdings (LH) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.02. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.36. Likewise, its price to free cash flow for the trailing twelve months is 20.01.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.65, a number that is poised to hit 3.48 in the next quarter and is forecasted to reach 16.08 in one year’s time.
Technical Analysis of Laboratory Corp. Of America Holdings (LH)
Laboratory Corp. Of America Holdings (NYSE: LH) saw its 5-day average volume 0.77 million, a positive change from its year-to-date volume of 0.74 million. As of the previous 9 days, the stock’s Stochastic %D was 49.06%. Additionally, its Average True Range was 3.60.
During the past 100 days, Laboratory Corp. Of America Holdings’s (LH) raw stochastic average was set at 27.50%, which indicates a significant decrease from 59.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.03% in the past 14 days, which was lower than the 18.17% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $213.25, while its 200-day Moving Average is $213.22. Nevertheless, the first resistance level for the watch stands at $211.33 in the near term. At $214.68, the stock is likely to face the second major resistance level. The third major resistance level sits at $218.74. If the price goes on to break the first support level at $203.92, it is likely to go to the next support level at $199.86. The third support level lies at $196.51 if the price breaches the second support level.
Laboratory Corp. Of America Holdings (NYSE: LH) Key Stats
There are 84,126K outstanding shares of the company, which has a market capitalization of 17.49 billion. As of now, sales total 12,162 M while income totals 418,000 K. Its latest quarter income was 2,293 M while its last quarter net income were -167,100 K.
