The stock price of IQVIA Holdings Inc (NYSE: IQV) has dropped by -1.83 compared to previous close of 242.98. Despite this, the company has seen a fall of -5.56% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-04 that Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Is It Worth Investing in IQVIA Holdings Inc (NYSE: IQV) Right Now?
IQVIA Holdings Inc (NYSE: IQV) has a price-to-earnings ratio of 32.67x that is above its average ratio. Additionally, the 36-month beta value for IQV is 1.52. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The public float for IQV is 179.94M and currently, short sellers hold a 1.78% ratio of that float. The average trading volume of IQV on April 05, 2024 was 1.02M shares.
IQV’s Market Performance
IQV’s stock has seen a -5.56% decrease for the week, with a -4.66% drop in the past month and a 8.42% gain in the past quarter. The volatility ratio for the week is 2.37%, and the volatility levels for the past 30 days are at 1.95% for IQVIA Holdings Inc. The simple moving average for the past 20 days is -5.65% for IQV’s stock, with a 9.02% simple moving average for the past 200 days.
Analysts’ Opinion of IQV
Many brokerage firms have already submitted their reports for IQV stocks, with Leerink Partners repeating the rating for IQV by listing it as a “Outperform.” The predicted price for IQV in the upcoming period, according to Leerink Partners is $290 based on the research report published on February 26, 2024 of the current year 2024.
BTIG Research gave a rating of “Buy” to IQV, setting the target price at $285 in the report published on February 13th of the current year.
IQV Trading at -0.00% from the 50-Day Moving Average
After a stumble in the market that brought IQV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.86% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 2.37%, as shares sank -5.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.71% upper at present.
During the last 5 trading sessions, IQV fell by -5.56%, which changed the moving average for the period of 200-days by +10.42% in comparison to the 20-day moving average, which settled at $252.09. In addition, IQVIA Holdings Inc saw 3.09% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IQV starting from BOUSBIB ARI, who sale 31,678 shares at the price of $250.53 back on Mar 01 ’24. After this action, BOUSBIB ARI now owns 796,752 shares of IQVIA Holdings Inc, valued at $7,936,193 using the latest closing price.
STAUB W RICHARD, the of IQVIA Holdings Inc, sale 14,100 shares at $247.80 during a trade that took place back on Feb 29 ’24, which means that STAUB W RICHARD is holding 15,945 shares at $3,494,034 based on the most recent closing price.
Stock Fundamentals for IQV
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.33 for the gross margin
The net margin for IQVIA Holdings Inc stands at 0.09. The total capital return value is set at 0.1. Equity return is now at value 22.87, with 5.22 for asset returns.
Based on IQVIA Holdings Inc (IQV), the company’s capital structure generated 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 2.25. The interest coverage ratio of the stock is 2.98.
Currently, EBITDA for the company is 3.21 billion with net debt to EBITDA at 3.86. When we switch over and look at the enterprise to sales, we see a ratio of 3.75. The receivables turnover for the company is 4.4for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.86.
Conclusion
In conclusion, IQVIA Holdings Inc (IQV) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
