The stock price of Henry Schein Inc. (NASDAQ: HSIC) has plunged by -0.75 when compared to previous closing price of 73.44, but the company has seen a -3.01% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-02-27 that While the top- and bottom-line numbers for Henry Schein (HSIC) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Is It Worth Investing in Henry Schein Inc. (NASDAQ: HSIC) Right Now?
Henry Schein Inc. (NASDAQ: HSIC) has a price-to-earnings ratio that is above its average at 23.13x. The stock has a 36-month beta value of 0.86. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 5 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for HSIC is 126.67M, and at present, short sellers hold a 4.66% of that float. On April 05, 2024, the average trading volume of HSIC was 1.16M shares.
HSIC’s Market Performance
HSIC stock saw a decrease of -3.01% in the past week, with a monthly decline of -3.34% and a quarterly a decrease of -2.32%. The volatility ratio for the week is 1.83%, and the volatility levels for the last 30 days are 1.72% for Henry Schein Inc. (HSIC). The simple moving average for the last 20 days is -1.95% for HSIC stock, with a simple moving average of -1.86% for the last 200 days.
Analysts’ Opinion of HSIC
Many brokerage firms have already submitted their reports for HSIC stocks, with Leerink Partners repeating the rating for HSIC by listing it as a “Market Perform.” The predicted price for HSIC in the upcoming period, according to Leerink Partners is $78 based on the research report published on February 26, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see HSIC reach a price target of $82, previously predicting the price at $71. The rating they have provided for HSIC stocks is “Overweight” according to the report published on December 12th, 2023.
Stifel gave a rating of “Buy” to HSIC, setting the target price at $70 in the report published on November 10th of the previous year.
HSIC Trading at -2.97% from the 50-Day Moving Average
After a stumble in the market that brought HSIC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.00% of loss for the given period.
Volatility was left at 1.72%, however, over the last 30 days, the volatility rate increased by 1.83%, as shares sank -3.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.77% lower at present.
During the last 5 trading sessions, HSIC fell by -3.01%, which changed the moving average for the period of 200-days by -6.58% in comparison to the 20-day moving average, which settled at $74.22. In addition, Henry Schein Inc. saw -3.72% 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 HSIC starting from Connett Bradford C, who sale 6,430 shares at the price of $74.28 back on Mar 20 ’24. After this action, Connett Bradford C now owns 73,108 shares of Henry Schein Inc., valued at $477,620 using the latest closing price.
BRESLAWSKI JAMES P, the Vice Chairman, President of Henry Schein Inc., sale 2,907 shares at $74.37 during a trade that took place back on Mar 18 ’24, which means that BRESLAWSKI JAMES P is holding 209,562 shares at $216,194 based on the most recent closing price.
Stock Fundamentals for HSIC
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.31 for the gross margin
The net margin for Henry Schein Inc. stands at 0.03. The total capital return value is set at 0.08. Equity return is now at value 11.72, with 4.34 for asset returns.
Based on Henry Schein Inc. (HSIC), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.66. The interest coverage ratio of the stock is 7.31.
Currently, EBITDA for the company is 962.0 million with net debt to EBITDA at 2.73. When we switch over and look at the enterprise to sales, we see a ratio of 0.97. The receivables turnover for the company is 6.62for trailing twelve months and the total asset turnover is 1.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.67.
Conclusion
To sum up, Henry Schein Inc. (HSIC) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
