The price-to-earnings ratio for Mckesson Corporation (NYSE: MCK) is above average at 17.65x, while the 36-month beta value is 0.53.Analysts have differing opinions on the stock, with 11 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Mckesson Corporation (MCK) is $494.00, which is $47.62 above the current market price. The public float for MCK is 132.97M, and currently, short sellers hold a 1.12% ratio of that floaft. The average trading volume of MCK on November 16, 2023 was 733.31K shares.
MCK) stock’s latest price update
Mckesson Corporation (NYSE: MCK) has seen a decline in its stock price by -1.64 in relation to its previous close of 453.82. However, the company has experienced a -3.10% decline in its stock price over the last five trading sessions. InvestorPlace reported 2023-11-14 that Biotechnology is a booming industry recently focused on synthetic biology, biomanufacturing and gene editing. Biotech is seen as the key to the future, as it has the potential to cure diseases and save many lives.
MCK’s Market Performance
Mckesson Corporation (MCK) has seen a -3.10% fall in stock performance for the week, with a -1.95% decline in the past month and a 7.06% surge in the past quarter. The volatility ratio for the week is 2.20%, and the volatility levels for the past 30 days are at 1.98% for MCK. The simple moving average for the past 20 days is -2.06% for MCK’s stock, with a 11.47% simple moving average for the past 200 days.
Analysts’ Opinion of MCK
Many brokerage firms have already submitted their reports for MCK stocks, with Citigroup repeating the rating for MCK by listing it as a “Buy.” The predicted price for MCK in the upcoming period, according to Citigroup is $420 based on the research report published on March 31, 2023 of the current year 2023.
MCK Trading at 0.25% from the 50-Day Moving Average
After a stumble in the market that brought MCK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.66% of loss for the given period.
Volatility was left at 1.98%, however, over the last 30 days, the volatility rate increased by 2.20%, as shares sank -2.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.54% upper at present.
During the last 5 trading sessions, MCK fell by -3.10%, which changed the moving average for the period of 200-days by +17.88% in comparison to the 20-day moving average, which settled at $455.31. In addition, Mckesson Corporation saw 19.00% 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 MCK starting from TYLER BRIAN S., who sale 23,963 shares at the price of $457.51 back on Nov 07. After this action, TYLER BRIAN S. now owns 43,445 shares of Mckesson Corporation, valued at $10,963,281 using the latest closing price.
Smith LeAnn B, the EVP & Chief HR Officer of Mckesson Corporation, sale 660 shares at $461.26 during a trade that took place back on Nov 03, which means that Smith LeAnn B is holding 1,325 shares at $304,432 based on the most recent closing price.
Stock Fundamentals for MCK
Current profitability levels for the company are sitting at:
- +1.61 for the present operating margin
- +4.29 for the gross margin
The net margin for Mckesson Corporation stands at +1.29. The total capital return value is set at 77.07, while invested capital returns managed to touch 85.39.
When we switch over and look at the enterprise to sales, we see a ratio of 0.22, with the company’s debt to enterprise value settled at 0.14. The receivables turnover for the company is 14.57 and the total asset turnover is 4.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.
In a nutshell, Mckesson Corporation (MCK) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.