The price-to-earnings ratio for Unitedhealth Group Inc (NYSE: UNH) is 30.38x, which is above its average ratio. Moreover, the 36-month beta value for UNH is 0.59. Analysts have varying opinions on the stock, with 11 analysts rating it as a “buy,” 11 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for UNH is 918.36M and currently, short sellers hold a 0.86% of that float. On May 07, 2024, UNH’s average trading volume was 4.36M shares.
UNH) stock’s latest price update
Unitedhealth Group Inc (NYSE: UNH)’s stock price has soared by 0.61 in relation to previous closing price of 494.38. Nevertheless, the company has seen a gain of 2.83% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-05 that “The Dow® [adds a stock] if the company has an excellent reputation, demonstrates sustained growth, and is of interest to a large number of investors. Sector representation.is also a consideration.”–DowJones&Co. The highest-yield 10 stocks are May’s Dogs of the Dow: HD, KO, AMGN, JNJ, CSCO, IBM, CVX, DOW, MMM, and VZ. They now average a 4.17% annual yield, as prices. Thirty Dow stocks represent nine of eleven sectors. DowJones tracks utilities as a separate index and omits real estate. Broker top-ten target-estimated May net-gains ranged 17.6%-38%, topped by INTC 5/1/24.
UNH’s Market Performance
UNH’s stock has risen by 2.83% in the past week, with a monthly rise of 9.08% and a quarterly drop of -2.60%. The volatility ratio for the week is 1.61% while the volatility levels for the last 30 days are 1.88% for Unitedhealth Group Inc. The simple moving average for the past 20 days is 3.96% for UNH’s stock, with a -2.26% simple moving average for the past 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 $460 based on the research report published on April 04, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see UNH reach a price target of $551. The rating they have provided for UNH stocks is “Overweight” according to the report published on March 06th, 2024.
HSBC Securities gave a rating of “Reduce” to UNH, setting the target price at $480 in the report published on December 18th of the previous year.
UNH Trading at 3.13% 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 -10.33% of loss for the given period.
Volatility was left at 1.88%, however, over the last 30 days, the volatility rate increased by 1.61%, as shares surge +8.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.31% lower at present.
During the last 5 trading sessions, UNH rose by +2.84%, which changed the moving average for the period of 200-days by -1.80% in comparison to the 20-day moving average, which settled at $480.34. In addition, Unitedhealth Group Inc saw -5.52% 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 McSweeney Erin, who sale 1,236 shares at the price of $483.48 back on Mar 08 ’24. After this action, McSweeney Erin now owns 9,364 shares of Unitedhealth Group Inc, valued at $597,582 using the latest closing price.
ROOS THOMAS E, the Chief Accounting Officer of Unitedhealth Group Inc, sale 858 shares at $525.79 during a trade that took place back on Feb 23 ’24, which means that ROOS THOMAS E is holding 32,289 shares at $451,128 based on the most recent closing price.
Stock Fundamentals for UNH
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.24 for the gross margin
The net margin for Unitedhealth Group Inc stands at 0.04. The total capital return value is set at 0.18. Equity return is now at value 26.88, with 5.41 for asset returns.
Based on Unitedhealth Group Inc (UNH), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 0.8. The interest coverage ratio of the stock is 12.92.
Currently, EBITDA for the company is 36.33 billion with net debt to EBITDA at 2.27. When we switch over and look at the enterprise to sales, we see a ratio of 1.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.
Conclusion
To wrap up, the performance of Unitedhealth Group Inc (UNH) has been mixed in recent times. The stock has received a bullish of “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.
