A new trading day began on Monday, with CVS Health Corp (NYSE: CVS) stock price down -2.08% from the previous day of trading, before settling in for the closing price of $55.81. CVS’s price has ranged from $52.77 to $83.25 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 13.36%. Meanwhile, its annual earnings per share averaged -27.94%. With a float of $1.26 billion, this company’s outstanding shares have now reached $1.29 billion.
The extent of productivity of a business whose workforce counts for 300000 workers is very important to gauge. In terms of profitability, gross margin is 14.49%, operating margin of 3.33%, and the pretax margin is 2.66%.
CVS Health Corp (CVS) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Healthcare Plans Industry. The insider ownership of CVS Health Corp is 0.19%, while institutional ownership is 82.51%. The most recent insider transaction that took place on May 02 ’24, was worth 53,879. In this transaction Director of this company bought 1,000 shares at a rate of $53.88, taking the stock ownership to the 21,630 shares. Before that another transaction happened on May 02 ’24, when Company’s Director bought 9,181 for $54.49, making the entire transaction worth $500,294. This insider now owns 9,356 shares in total.
CVS Health Corp (CVS) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -27.94% per share during the next fiscal year.
CVS Health Corp (NYSE: CVS) Trading Performance Indicators
Here are CVS Health Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.66. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.19. Likewise, its price to free cash flow for the trailing twelve months is 12.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.62, a number that is poised to hit 1.46 in the next quarter and is forecasted to reach 7.09 in one year’s time.
Technical Analysis of CVS Health Corp (CVS)
The latest stats from [CVS Health Corp, CVS] show that its last 5-days average volume of 9.63 million was inferior to 11.18 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 9.02%. Additionally, its Average True Range was 1.68.
During the past 100 days, CVS Health Corp’s (CVS) raw stochastic average was set at 0.00%, which indicates a significant increase from 0.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.11% in the past 14 days, which was lower than the 28.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $59.56, while its 200-day Moving Average is $64.19. Now, the first resistance to watch is $55.98. This is followed by the second major resistance level at $57.32. The third major resistance level sits at $57.98. If the price goes on to break the first support level at $53.98, it is likely to go to the next support level at $53.32. The third support level lies at $51.98 if the price breaches the second support level.
CVS Health Corp (NYSE: CVS) Key Stats
With a market capitalization of 67.96 billion, the company has a total of 1,257,979K Shares Outstanding. Currently, annual sales are 357,776 M while annual income is 8,344 M. The company’s previous quarter sales were 91,234 M while its latest quarter income was 1,770 M.
