IQVIA Holdings Inc (NYSE: IQV) has a price-to-earnings ratio that is above its average at 31.19x. The stock has a 36-month beta value of 1.50. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 4 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for IQV is 180.81M, and at present, short sellers hold a 1.60% of that float. On August 15, 2024, the average trading volume of IQV was 1.26M shares.
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IQV) stock’s latest price update
The stock price of IQVIA Holdings Inc (NYSE: IQV) has surged by 1.80 when compared to previous closing price of 236.21, but the company has seen a 1.86% gain in its stock price over the last five trading sessions. zacks.com reported 2024-07-29 that Examine the evolution of IQVIA’s (IQV) overseas revenue trends and their effects on Wall Street’s forecasts and the stock’s prospects.
IQV’s Market Performance
IQVIA Holdings Inc (IQV) has experienced a 1.86% rise in stock performance for the past week, with a 4.41% rise in the past month, and a 2.89% rise in the past quarter. The volatility ratio for the week is 2.37%, and the volatility levels for the past 30 days are at 2.85% for IQV. The simple moving average for the last 20 days is 1.38% for IQV stock, with a simple moving average of 6.50% for the last 200 days.
Analysts’ Opinion of IQV
Many brokerage firms have already submitted their reports for IQV stocks, with Jefferies repeating the rating for IQV by listing it as a “Hold.” The predicted price for IQV in the upcoming period, according to Jefferies is $242 based on the research report published on July 24, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see IQV reach a price target of $270. The rating they have provided for IQV stocks is “Buy” according to the report published on June 06th, 2024.
Leerink Partners gave a rating of “Outperform” to IQV, setting the target price at $290 in the report published on February 26th of the current year.
IQV Trading at 7.25% 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 -8.13% of loss for the given period.
Volatility was left at 2.85%, however, over the last 30 days, the volatility rate increased by 2.37%, as shares surge +6.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.52% upper at present.
During the last 5 trading sessions, IQV rose by +1.68%, which changed the moving average for the period of 200-days by +33.39% in comparison to the 20-day moving average, which settled at $237.93. In addition, IQVIA Holdings Inc saw 3.92% 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 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
- 0.3 for the gross margin
The net margin for IQVIA Holdings Inc stands at 0.09. The total capital return value is set at 0.11. Equity return is now at value 22.84, with 5.43 for asset returns.
Based on IQVIA Holdings Inc (IQV), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 1.97. The interest coverage ratio of the stock is 3.0.
Currently, EBITDA for the company is 3.21 billion with net debt to EBITDA at 3.57. When we switch over and look at the enterprise to sales, we see a ratio of 3.67. The receivables turnover for the company is 4.61for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.
Conclusion
To sum up, IQVIA Holdings Inc (IQV) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
