Cardinal Health Inc. (NYSE: CAH) has a price-to-earnings ratio that is above its average at 48.46x. and a 36-month beta value of 0.77. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 1 as “overweight,” 12 as “hold,” and 0 as “sell.”
The average price predicted for Cardinal Health Inc. (CAH) by analysts is $87.46, which is $2.58 above the current market price. The public float for CAH is 253.48M, and at present, short sellers hold a 2.23% of that float. On May 26, 2023, the average trading volume of CAH was 2.20M shares.
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CAH) stock’s latest price update
Cardinal Health Inc. (NYSE: CAH) has experienced a decline in its stock price by -0.31 compared to its previous closing price of 84.96. However, the company has seen a fall of -1.01% in its stock price over the last five trading days. The Wall Street Journal reported on 02/13/23 that Opioid Settlement Money Is Coming. Two Ohio Counties Differ on How to Spend It.
CAH’s Market Performance
Cardinal Health Inc. (CAH) has experienced a -1.01% fall in stock performance for the past week, with a 5.36% rise in the past month, and a 9.19% rise in the past quarter. The volatility ratio for the week is 1.49%, and the volatility levels for the past 30 days are at 1.80% for CAH. The simple moving average for the last 20 days is 0.67% for CAH’s stock, with a simple moving average of 12.26% for the last 200 days.
CAH Trading at 6.74% from the 50-Day Moving Average
After a stumble in the market that brought CAH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.67% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 1.49%, as shares surge +3.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.31% upper at present.
During the last 5 trading sessions, CAH fell by -1.01%, which changed the moving average for the period of 200-days by +37.12% in comparison to the 20-day moving average, which settled at $84.26. In addition, Cardinal Health Inc. saw 10.19% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at CAH starting from Brennan Michelle, who purchase 200 shares at the price of $74.72 back on Nov 15. After this action, Brennan Michelle now owns 3,324 shares of Cardinal Health Inc., valued at $14,944 using the latest closing price.
Brennan Michelle, the Director of Cardinal Health Inc., purchase 200 shares at $76.30 during a trade that took place back on Nov 14, which means that Brennan Michelle is holding 3,124 shares at $15,260 based on the most recent closing price.
Stock Fundamentals for CAH
Current profitability levels for the company are sitting at:
- +0.92 for the present operating margin
- +3.44 for the gross margin
The net margin for Cardinal Health Inc. stands at -0.51. The total capital return value is set at 24.59, while invested capital returns managed to touch -15.62. Equity return is now at value -26.80, with 1.10 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 0.11, with the company’s debt to enterprise value settled at 0.37. The receivables turnover for the company is 18.43 and the total asset turnover is 4.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.08.
To sum up, Cardinal Health Inc. (CAH) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.