On Tuesday, Cardinal Health, Inc. (NYSE: CAH) opened lower -0.73% from the last session, before settling in for the closing price of $110.87. Price fluctuations for CAH have ranged from $90.19 to $116.05 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 9.33%. Company’s average yearly earnings per share was noted 1.33% at the time writing. With a float of $241.29 million, this company’s outstanding shares have now reached $244.00 million.
The extent of productivity of a business whose workforce counts for 48900 workers is very important to gauge. In terms of profitability, gross margin is 3.22%, operating margin of 0.71%, and the pretax margin is 0.53%.
Cardinal Health, Inc. (CAH) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Medical Distribution industry is another important factor to consider. The insider ownership of Cardinal Health, Inc. is 0.28%, while institutional ownership is 89.91%. The most recent insider transaction that took place on Aug 21 ’24, was worth 1,812,920. In this transaction Chief Legal/Compliance Officer of this company sold 16,573 shares at a rate of $109.39, taking the stock ownership to the 75,971 shares. Before that another transaction happened on Aug 21 ’24, when Company’s Officer proposed sale 16,573 for $109.39, making the entire transaction worth $1,812,898.
Cardinal Health, Inc. (CAH) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 1.73 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.4) by 0.33. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.81 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1.33% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.00% during the next five years compared to -5.30% drop over the previous five years of trading.
Cardinal Health, Inc. (NYSE: CAH) Trading Performance Indicators
Check out the current performance indicators for Cardinal Health, Inc. (CAH). In the past quarter, the stock posted a quick ratio of 0.56. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.12. Likewise, its price to free cash flow for the trailing twelve months is 8.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.47, a number that is poised to hit 1.62 in the next quarter and is forecasted to reach 8.45 in one year’s time.
Technical Analysis of Cardinal Health, Inc. (CAH)
The latest stats from [Cardinal Health, Inc., CAH] show that its last 5-days average volume of 1.33 million was inferior to 2.06 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 11.74%. Additionally, its Average True Range was 1.60.
During the past 100 days, Cardinal Health, Inc.’s (CAH) raw stochastic average was set at 73.82%, which indicates a significant increase from 1.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 7.86% in the past 14 days, which was lower than the 17.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $111.61, while its 200-day Moving Average is $105.50. Now, the first resistance to watch is $111.17. This is followed by the second major resistance level at $112.29. The third major resistance level sits at $112.89. If the price goes on to break the first support level at $109.45, it is likely to go to the next support level at $108.85. The third support level lies at $107.73 if the price breaches the second support level.
Cardinal Health, Inc. (NYSE: CAH) Key Stats
There are currently 241,962K shares outstanding in the company with a market cap of 26.63 billion. Presently, the company’s annual sales total 226,827 M according to its annual income of 852,000 K. Last quarter, the company’s sales amounted to 59,708 M and its income totaled 236,000 K.
