Elevance Health Inc (NYSE: ELV) has a higher price-to-earnings ratio of 19.16x compared to its average ratio. ELV has 36-month beta value of 0.83. Analysts have mixed views on the stock, with 12 analysts rating it as a “buy,” 7 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for ELV is 230.92M, and currently, short sellers hold a 0.72% ratio of that float. The average trading volume of ELV on September 04, 2024 was 953.18K shares.
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ELV) stock’s latest price update
Elevance Health Inc (NYSE: ELV)’s stock price has dropped by -2.79 in relation to previous closing price of 562.29. Nevertheless, the company has seen a loss of -0.33% in its stock price over the last five trading days. youtube.com reported 2024-08-20 that In today’s installment of Good Buy or Goodbye, host Julie Hyman welcomes on Washington Crossing Advisors senior portfolio manager Chad Morganlander to discuss the best investing strategies within the healthcare sector. Morganlander names Elevance Health (ELV) as a stock to buy for investors, noting the fact the insurance provider’s exposure to “US government pricing plans is much far less than their competitors.
ELV’s Market Performance
Elevance Health Inc (ELV) has experienced a -0.33% fall in stock performance for the past week, with a 4.42% rise in the past month, and a 1.14% rise in the past quarter. The volatility ratio for the week is 1.54%, and the volatility levels for the past 30 days are at 1.49% for ELV. The simple moving average for the last 20 days is 1.05% for ELV’s stock, with a simple moving average of 6.91% for the last 200 days.
Analysts’ Opinion of ELV
Many brokerage firms have already submitted their reports for ELV stocks, with BofA Securities repeating the rating for ELV by listing it as a “Neutral.” The predicted price for ELV in the upcoming period, according to BofA Securities is $530 based on the research report published on July 18, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see ELV reach a price target of $643. The rating they have provided for ELV stocks is “Overweight” according to the report published on June 24th, 2024.
Robert W. Baird gave a rating of “Outperform” to ELV, setting the target price at $649 in the report published on May 30th of the current year.
ELV Trading at 2.52% from the 50-Day Moving Average
After a stumble in the market that brought ELV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.64% of loss for the given period.
Volatility was left at 1.49%, however, over the last 30 days, the volatility rate increased by 1.54%, as shares surge +4.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.95% upper at present.
During the last 5 trading sessions, ELV fell by -0.28%, which changed the moving average for the period of 200-days by +19.74% in comparison to the 20-day moving average, which settled at $542.11. In addition, Elevance Health Inc saw 15.92% 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 ELV starting from PERU RAMIRO G, who sale 753 shares at the price of $531.52 back on Aug 05 ’24. After this action, PERU RAMIRO G now owns 8,744 shares of Elevance Health Inc, valued at $400,235 using the latest closing price.
RAMIRO G PERU, the Director of Elevance Health Inc, proposed sale 753 shares at $531.52 during a trade that took place back on Aug 05 ’24, which means that RAMIRO G PERU is holding shares at $400,235 based on the most recent closing price.
Stock Fundamentals for ELV
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.89 for the gross margin
The net margin for Elevance Health Inc stands at 0.04. The total capital return value is set at 0.54. Equity return is now at value 16.65, with 6.02 for asset returns.
Based on Elevance Health Inc (ELV), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 0.66. The interest coverage ratio of the stock is 36.29.
Currently, EBITDA for the company is 1.74 billion with net debt to EBITDA at 0.58. When we switch over and look at the enterprise to sales, we see a ratio of 0.86. The receivables turnover for the company is 8.94for trailing twelve months and the total asset turnover is 1.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
Conclusion
To put it simply, Elevance Health Inc (ELV) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
