A new trading day began on Tuesday, with Cencora Inc. (NYSE: COR) stock price down -1.00% from the previous day of trading, before settling in for the closing price of $236.54. COR’s price has ranged from $182.75 to $247.66 over the past 52 weeks.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 9.95%. Meanwhile, its annual earnings per share averaged 13.77%. With a float of $176.42 million, this company’s outstanding shares have now reached $200.81 million.
Let’s determine the extent of company efficiency that accounts for 46000 employees. In terms of profitability, gross margin is 3.09%, operating margin of 0.99%, and the pretax margin is 0.82%.
Cencora Inc. (COR) Insider Activity
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 Cencora Inc. is 10.47%, while institutional ownership is 89.47%. The most recent insider transaction that took place on Oct 22 ’24, was worth 5,071,822. Before that another transaction happened on Sep 17 ’24, when Company’s Chairman, President & CEO sold 21,509 for $241.01, making the entire transaction worth $5,183,884. This insider now owns 285,088 shares in total.
Cencora Inc. (COR) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 2.86 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.51 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.77% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to 2.53% growth over the previous five years of trading.
Cencora Inc. (NYSE: COR) Trading Performance Indicators
Here are Cencora Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.55. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.16. Likewise, its price to free cash flow for the trailing twelve months is 12.05.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.21, a number that is poised to hit 3.22 in the next quarter and is forecasted to reach 14.79 in one year’s time.
Technical Analysis of Cencora Inc. (COR)
Looking closely at Cencora Inc. (NYSE: COR), its last 5-days average volume was 1.2 million, which is a drop from its year-to-date volume of 1.42 million. As of the previous 9 days, the stock’s Stochastic %D was 85.20%. Additionally, its Average True Range was 3.87.
During the past 100 days, Cencora Inc.’s (COR) raw stochastic average was set at 53.50%, which indicates a significant decrease from 75.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.34% in the past 14 days, which was lower than the 18.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $232.25, while its 200-day Moving Average is $231.32. However, in the short run, Cencora Inc.’s stock first resistance to watch stands at $235.42. Second resistance stands at $236.67. The third major resistance level sits at $237.54. If the price goes on to break the first support level at $233.30, it is likely to go to the next support level at $232.43. Should the price break the second support level, the third support level stands at $231.18.
Cencora Inc. (NYSE: COR) Key Stats
With a market capitalization of 46.14 billion, the company has a total of 199,452K Shares Outstanding. Currently, annual sales are 262,173 M while annual income is 1,745 M. The company’s previous quarter sales were 74,241 M while its latest quarter income was 483,460 K.
