A new trading day began on Tuesday, with Patterson Companies Inc. (NASDAQ: PDCO) stock price down -1.35% from the previous day of trading, before settling in for the closing price of $24.51. PDCO’s price has ranged from $22.29 to $34.53 over the past 52 weeks.
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Annual sales at Healthcare sector company grew by 3.43% over the past five years. Meanwhile, its annual earnings per share averaged 1.99%. With a float of $77.80 million, this company’s outstanding shares have now reached $89.70 million.
Let’s look at the performance matrix of the company that is accounted for 7600 employees.
Patterson Companies Inc. (PDCO) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Distribution Industry. The insider ownership of Patterson Companies Inc. is 11.35%, while institutional ownership is 89.35%. The most recent insider transaction that took place on Dec 19 ’23, was worth 15,221. In this transaction Chief Financial Officer of this company sold 560 shares at a rate of $27.18, taking the stock ownership to the 21,674 shares. Before that another transaction happened on Dec 06 ’23, when Company’s President & CEO sold 1,868 for $26.58, making the entire transaction worth $49,651. This insider now owns 141,923 shares in total.
Patterson Companies Inc. (PDCO) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 1.99% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.00% during the next five years compared to 17.28% growth over the previous five years of trading.
Patterson Companies Inc. (NASDAQ: PDCO) Trading Performance Indicators
Here are Patterson Companies Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.75. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.00, a number that is poised to hit 0.34 in the next quarter and is forecasted to reach 2.54 in one year’s time.
Technical Analysis of Patterson Companies Inc. (PDCO)
Patterson Companies Inc. (NASDAQ: PDCO) saw its 5-day average volume 2.23 million, a positive change from its year-to-date volume of 1.03 million. As of the previous 9 days, the stock’s Stochastic %D was 58.38%. Additionally, its Average True Range was 0.70.
During the past 100 days, Patterson Companies Inc.’s (PDCO) raw stochastic average was set at 24.02%, which indicates a significant decrease from 54.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 52.46% in the past 14 days, which was higher than the 30.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.87, while its 200-day Moving Average is $27.82. Nevertheless, the first resistance level for the watch stands at $24.57 in the near term. At $24.95, the stock is likely to face the second major resistance level. The third major resistance level sits at $25.17. If the price goes on to break the first support level at $23.97, it is likely to go to the next support level at $23.75. Assuming the price breaks the second support level, the third support level stands at $23.37.
Patterson Companies Inc. (NASDAQ: PDCO) Key Stats
With a market capitalization of 2.12 billion, the company has a total of 87,760K Shares Outstanding. Currently, annual sales are 6,471 M while annual income is 207,560 K. The company’s previous quarter sales were 1,723 M while its latest quarter income was 67,040 K.
