Cencora Inc (NYSE: COR) on Tuesday, soared 0.04% from the previous trading day, before settling in for the closing price of $233.89. Within the past 52 weeks, COR’s price has moved between $191.11 and $247.66.
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A company in the Healthcare sector has jumped its sales by 9.95% annually for the last half of the decade. The company achieved an average annual earnings per share of 13.84%. With a float of $176.42 million, this company’s outstanding shares have now reached $200.81 million.
In an organization with 46000 employees, it is important to assess its efficiency. 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 Updates
Observing investor behavior towards Medical Distribution industry stocks is more important than anything else. The insider ownership of Cencora Inc is 10.47%, while institutional ownership is 89.13%. The most recent insider transaction that took place on Oct 22 ’24, was worth 5,071,822. In this transaction Executive Chairman of this company sold 21,509 shares at a rate of $235.80, taking the stock ownership to the 285,088 shares. Before that another transaction happened on Oct 22 ’24, when Company’s Officer proposed sale 21,509 for $235.80, making the entire transaction worth $5,071,822.
Cencora Inc (COR) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 2.86 earnings per share (EPS) for the period topping the consensus outlook (set at 2.8) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.49 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.84% 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
Cencora Inc (COR) is currently performing well based on its current performance indicators. A quick ratio of 0.55 was reported for the most recent quarter. 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 12.04.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.21, a number that is poised to hit 3.23 in the next quarter and is forecasted to reach 14.76 in one year’s time.
Technical Analysis of Cencora Inc (COR)
Let’s dig in a bit further. During the last 5-days, its volume was 1.37 million. That was inferior than the volume of 1.41 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 61.52%. Additionally, its Average True Range was 3.91.
During the past 100 days, Cencora Inc’s (COR) raw stochastic average was set at 52.88%, which indicates a significant decrease from 54.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.24% in the past 14 days, which was lower than the 18.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $231.27, while its 200-day Moving Average is $232.09. However, in the short run, Cencora Inc’s stock first resistance to watch stands at $236.51. Second resistance stands at $239.02. The third major resistance level sits at $241.32. If the price goes on to break the first support level at $231.70, it is likely to go to the next support level at $229.40. Assuming the price breaks the second support level, the third support level stands at $226.89.
Cencora Inc (NYSE: COR) Key Stats
Market capitalization of the company is 46.11 billion based on 197,047K outstanding shares. Right now, sales total 262,173 M and income totals 1,745 M. The company made 74,241 M in profit during its latest quarter, and 483,460 K in sales during its previous quarter.
