Elevance Health Inc (ELV) recent quarterly performance of -19.16% is not showing the real picture

As on Wednesday, Elevance Health Inc (NYSE: ELV) started slowly as it slid -1.02% to $415.54, before settling in for the price of $419.84 at the close. Taking a more long-term approach, ELV posted a 52-week range of $397.98-$567.26.

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It was noted that the giant of the Healthcare sector posted annual sales growth of 13.24% over the last 5 years. Meanwhile, its Annual Earning per share during the time was 12.18%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 1.94%. This publicly-traded company’s shares outstanding now amounts to $233.07 million, simultaneously with a float of $230.96 million. The organization now has a market capitalization sitting at $96.37 billion.

Elevance Health Inc (ELV) Ownership Facts and Figures

Another important factor to analyze is how key investors are playing towards the stock of the Healthcare Plans industry. Elevance Health Inc’s current insider ownership accounts for 0.41%, in contrast to 91.51% institutional ownership. According to the most recent insider trade that took place on Oct 18 ’24, this organization’s EVP & President, Commercial sold 7,417 shares at the rate of 432.14, making the entire transaction reach 3,205,182 in total value, affecting insider ownership by 8,423.

Elevance Health Inc (ELV) Earnings and Revenue Records

Elevance Health Inc’s EPS increase for this current 12-month fiscal period is 1.94% and is forecasted to reach 35.89 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 9.01% through the next 5 years, which can be compared against the 12.18% growth it accomplished over the previous five years trading on the market.

Elevance Health Inc (NYSE: ELV) Trading Performance Indicators

Let’s observe the current performance indicators for Elevance Health Inc (ELV). The Stock has managed to achieve an average true range (ATR) of 16.15. Alongside those numbers, its PE Ratio stands at $15.15, and its Beta score is 0.82. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.55. Similarly, its price to free cash flow for trailing twelve months is now 110.65.

In the same vein, ELV’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 27.43, a figure that is expected to reach 4.41 in the next quarter, and analysts are predicting that it will be 35.89 at the market close of one year from today.

Technical Analysis of Elevance Health Inc (ELV)