The stock of UnitedHealth Group Incorporated (NYSE: UNH) has decreased by -1.56 when compared to last closing price of 486.06.Despite this, the company has seen a loss of -0.30% in its stock price over the last five trading days. Zacks Investment Research reported 2023-09-14 that UnitedHealth Group (UNH) unit has been awarded a contract by the Texas Health and Human Services Commission to better cater to the statewide Medicaid members.
Is It Worth Investing in UnitedHealth Group Incorporated (NYSE: UNH) Right Now?
The price-to-earnings ratio for UnitedHealth Group Incorporated (NYSE: UNH) is above average at 21.41x, while the 36-month beta value is 0.67.Analysts have differing opinions on the stock, with 19 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for UnitedHealth Group Incorporated (UNH) is $570.70, which is $93.66 above the current market price. The public float for UNH is 923.68M, and currently, short sellers hold a 0.56% ratio of that floaft. The average trading volume of UNH on September 19, 2023 was 3.29M shares.
UNH’s Market Performance
The stock of UnitedHealth Group Incorporated (UNH) has seen a -0.30% decrease in the past week, with a -4.01% drop in the past month, and a 1.93% gain in the past quarter. The volatility ratio for the week is 1.40%, and the volatility levels for the past 30 days are at 1.42% for UNH. The simple moving average for the last 20 days is -1.39% for UNH’s stock, with a simple moving average of -2.83% for the last 200 days.
Analysts’ Opinion of UNH
Many brokerage firms have already submitted their reports for UNH stocks, with HSBC Securities repeating the rating for UNH by listing it as a “Hold.” The predicted price for UNH in the upcoming period, according to HSBC Securities is $540 based on the research report published on September 06, 2023 of the current year 2023.
UNH Trading at -2.80% from the 50-Day Moving Average
After a stumble in the market that brought UNH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.27% of loss for the given period.
Volatility was left at 1.42%, however, over the last 30 days, the volatility rate increased by 1.40%, as shares sank -4.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.10% upper at present.
During the last 5 trading sessions, UNH fell by -0.52%, which changed the moving average for the period of 200-days by -12.84% in comparison to the 20-day moving average, which settled at $484.18. In addition, UnitedHealth Group Incorporated saw -9.76% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at UNH starting from WITTY ANDREW, who sale 4,000 shares at the price of $506.19 back on Jul 19. After this action, WITTY ANDREW now owns 78,573 shares of UnitedHealth Group Incorporated, valued at $2,024,760 using the latest closing price.
WITTY ANDREW, the CEO, UHG of UnitedHealth Group Incorporated, sale 6,160 shares at $487.49 during a trade that took place back on Apr 27, which means that WITTY ANDREW is holding 86,564 shares at $3,002,949 based on the most recent closing price.
Stock Fundamentals for UNH
Current profitability levels for the company are sitting at:
- +8.77 for the present operating margin
The net margin for UnitedHealth Group Incorporated stands at +6.21. The total capital return value is set at 20.64, while invested capital returns managed to touch 15.86. Equity return is now at value 26.70, with 8.00 for asset returns.
Based on UnitedHealth Group Incorporated (UNH), the company’s capital structure generated 80.30 points at debt to equity in total, while total debt to capital is 44.54. Total debt to assets is 24.95, with long-term debt to equity ratio resting at 75.02. Finally, the long-term debt to capital ratio is 41.61.
When we switch over and look at the enterprise to sales, we see a ratio of 1.40, with the company’s debt to enterprise value settled at 0.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.77.
Conclusion
In a nutshell, UnitedHealth Group Incorporated (UNH) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
