Mckesson Corporation (NYSE: MCK) has experienced a decline in its stock price by -0.68 compared to its previous closing price of 511.62. However, the company has seen a fall of -0.59% in its stock price over the last five trading days. zacks.com reported 2024-09-19 that In the latest trading session, McKesson (MCK) closed at $508.16, marking a -0.68% move from the previous day.
Is It Worth Investing in Mckesson Corporation (NYSE: MCK) Right Now?
The price-to-earnings ratio for Mckesson Corporation (NYSE: MCK) is above average at 22.73x, Company’s 36-month beta value is 0.45.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for MCK is 129.51M, and currently, short sellers hold a 1.46% ratio of that floaft. The average trading volume of MCK on September 20, 2024 was 906.07K shares.
MCK’s Market Performance
The stock of Mckesson Corporation (MCK) has seen a -0.59% decrease in the past week, with a -7.36% drop in the past month, and a -15.76% fall in the past quarter. The volatility ratio for the week is 2.04%, and the volatility levels for the past 30 days are at 2.29% for MCK.. The simple moving average for the past 20 days is -5.09% for MCK’s stock, with a -4.88% simple moving average for the past 200 days.
Analysts’ Opinion of MCK
Many brokerage firms have already submitted their reports for MCK stocks, with Leerink Partners repeating the rating for MCK by listing it as a “Outperform.” The predicted price for MCK in the upcoming period, according to Leerink Partners is $665 based on the research report published on September 05, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see MCK reach a price target of $570, previously predicting the price at $540. The rating they have provided for MCK stocks is “Neutral” according to the report published on August 08th, 2024.
Leerink Partners gave a rating of “Outperform” to MCK, setting the target price at $600 in the report published on February 26th of the current year.
MCK Trading at -9.83% from the 50-Day Moving Average
After a stumble in the market that brought MCK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.29% of loss for the given period.
Volatility was left at 2.29%, however, over the last 30 days, the volatility rate increased by 2.04%, as shares sank -8.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.40% lower at present.
During the last 5 trading sessions, MCK fell by -0.59%, which changed the moving average for the period of 200-days by +9.36% in comparison to the 20-day moving average, which settled at $532.92. In addition, Mckesson Corporation saw 9.76% 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 MCK starting from TYLER BRIAN S., who sale 3,753 shares at the price of $561.10 back on Sep 05 ’24. After this action, TYLER BRIAN S. now owns 78,586 shares of Mckesson Corporation, valued at $2,105,808 using the latest closing price.
TYLER BRIAN S., the Officer of Mckesson Corporation, proposed sale 3,753 shares at $561.10 during a trade that took place back on Sep 05 ’24, which means that TYLER BRIAN S. is holding shares at $2,105,808 based on the most recent closing price.
Stock Fundamentals for MCK
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.04 for the gross margin
The net margin for Mckesson Corporation stands at 0.01. The total capital return value is set at 0.26.
Based on Mckesson Corporation (MCK), the company’s capital structure generated 1.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.67. The debt to equity ratio resting at -3.38. The interest coverage ratio of the stock is 14.38.
Currently, EBITDA for the company is 4.56 billion with net debt to EBITDA at 1.11. When we switch over and look at the enterprise to sales, we see a ratio of 0.23. The receivables turnover for the company is 13.21for trailing twelve months and the total asset turnover is 4.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.
Conclusion
In a nutshell, Mckesson Corporation (MCK) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
