On Tuesday, Elevance Health Inc (NYSE: ELV) opened lower -0.06% from the last session, before settling in for the closing price of $543.39. Price fluctuations for ELV have ranged from $431.38 to $555.35 over the past 52 weeks.
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A company in the Healthcare sector has jumped its sales by 13.24% annually for the last half of the decade. Company’s average yearly earnings per share was noted 12.43% at the time writing. With a float of $230.62 million, this company’s outstanding shares have now reached $233.07 million.
In an organization with 104900 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 89.44%, operating margin of 22.46%, and the pretax margin is 5.0%.
Elevance Health Inc (ELV) Insider Updates
A key investor’s attitude towards the stock of the Healthcare Plans industry is another important factor to consider. The insider ownership of Elevance Health Inc is 0.55%, while institutional ownership is 94.52%. The most recent insider transaction that took place on Aug 05 ’24, was worth 400,235. In this transaction Director of this company sold 753 shares at a rate of $531.52, taking the stock ownership to the 8,744 shares. Before that another transaction happened on Aug 05 ’24, when Company’s Director proposed sale 753 for $531.52, making the entire transaction worth $400,235.
Elevance Health Inc (ELV) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 8.99 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 8.44) by 0.55. Wall Street market experts anticipate that the next fiscal year will bring earnings of 6.79 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 12.43% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.05% during the next five years compared to 12.18% growth over the previous five years of trading.
Elevance Health Inc (NYSE: ELV) Trading Performance Indicators
Check out the current performance indicators for Elevance Health Inc (ELV). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.73. Likewise, its price to free cash flow for the trailing twelve months is 153.57.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 28.52, a number that is poised to hit 9.70 in the next quarter and is forecasted to reach 41.65 in one year’s time.
Technical Analysis of Elevance Health Inc (ELV)
Let’s dig in a bit further. During the last 5-days, its volume was 0.79 million. That was inferior than the volume of 1.04 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 88.57%. Additionally, its Average True Range was 10.03.
During the past 100 days, Elevance Health Inc’s (ELV) raw stochastic average was set at 80.81%, which indicates a significant decrease from 87.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.79% in the past 14 days, which was lower than the 23.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $530.37, while its 200-day Moving Average is $507.05. However, in the short run, Elevance Health Inc’s stock first resistance to watch stands at $546.06. Second resistance stands at $549.08. The third major resistance level sits at $551.36. If the price goes on to break the first support level at $540.76, it is likely to go to the next support level at $538.48. Assuming the price breaks the second support level, the third support level stands at $535.46.
Elevance Health Inc (NYSE: ELV) Key Stats
There are currently 232,418K shares outstanding in the company with a market cap of 125.93 billion. Presently, the company’s annual sales total 171,340 M according to its annual income of 5,987 M. Last quarter, the company’s sales amounted to 43,886 M and its income totaled 2,300 M.
