Cencora Inc. (NYSE: COR) has a higher price-to-earnings ratio of 23.97x compared to its average ratio, The 36-month beta value for COR is at 0.44. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 4 rating it as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for COR is 176.42M, and currently, shorts hold a 5.53% of that float. The average trading volume for COR on October 09, 2024 was 1.45M shares.
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COR) stock’s latest price update
Cencora Inc. (NYSE: COR)’s stock price has soared by 0.60 in relation to previous closing price of 219.50. Nevertheless, the company has seen a loss of -1.53% in its stock price over the last five trading days. accesswire.com reported 2024-10-07 that VANCOUVER, BC / ACCESSWIRE / October 7, 2024 / Camino Minerals Corporation (TSXV:COR)(OTC PINK:CAMZF) (“Camino” or the “Company”) is pleased to announce that, further to its news release on June 27, 2024, it has entered into a definitive share purchase agreement dated October 4, 2024 (“Agreement”) with Nittetsu Mining Co., Ltd. (“Nittetsu”) and Santiago Metals Investment Holdings II SL and Santiago Metals Investment Holdings II-A LLC (together, the “Vendors”), pursuant to which Camino and Nittetsu will jointly acquire (through a Chilean entity co-owned 50/50 by Camino and Nittetsu) all of the issued and outstanding shares of Cuprum Resources Chile SpA (“Cuprum”), a Chilean incorporated company and the owner of the Puquios Project (“Puquios” or the “Project”), a construction-ready copper project located in Chile (the “Transaction”).
COR’s Market Performance
Cencora Inc. (COR) has seen a -1.53% fall in stock performance for the week, with a -6.65% decline in the past month and a -0.72% plunge in the past quarter. The volatility ratio for the week is 0.89%, and the volatility levels for the past 30 days are at 1.61% for COR. The simple moving average for the past 20 days is -2.96% for COR’s stock, with a -4.04% simple moving average for the past 200 days.
Analysts’ Opinion of COR
Many brokerage firms have already submitted their reports for COR stocks, with BofA Securities repeating the rating for COR by listing it as a “Neutral.” The predicted price for COR in the upcoming period, according to BofA Securities is $245 based on the research report published on September 18, 2024 of the current year 2024.
Leerink Partners, on the other hand, stated in their research note that they expect to see COR reach a price target of $261. The rating they have provided for COR stocks is “Outperform” according to the report published on February 26th, 2024.
Barclays gave a rating of “Overweight” to COR, setting the target price at $242 in the report published on January 03rd of the current year.
COR Trading at -5.67% from the 50-Day Moving Average
After a stumble in the market that brought COR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.84% of loss for the given period.
Volatility was left at 1.61%, however, over the last 30 days, the volatility rate increased by 0.89%, as shares sank -7.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.80% lower at present.
During the last 5 trading sessions, COR fell by -1.53%, which changed the moving average for the period of 200-days by +10.52% in comparison to the 20-day moving average, which settled at $227.54. In addition, Cencora Inc. saw 7.51% 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 COR starting from COLLIS STEVEN H, who sale 21,509 shares at the price of $241.01 back on Sep 17 ’24. After this action, COLLIS STEVEN H now owns 285,088 shares of Cencora Inc., valued at $5,183,884 using the latest closing price.
Lon Greenberg, the Other: Board of Cencora Inc., proposed sale 4,000 shares at $239.88 during a trade that took place back on Sep 17 ’24, which means that Lon Greenberg is holding shares at $959,520 based on the most recent closing price.
Stock Fundamentals for COR
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.03 for the gross margin
The net margin for Cencora Inc. stands at 0.01. The total capital return value is set at 0.2. Equity return is now at value 230.42, with 2.90 for asset returns.
Based on Cencora Inc. (COR), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at 0.91. The debt to equity ratio resting at 5.11. The interest coverage ratio of the stock is 11.0.
Currently, EBITDA for the company is 3.7 billion with net debt to EBITDA at 0.33. When we switch over and look at the enterprise to sales, we see a ratio of 0.16. The receivables turnover for the company is 11.78for trailing twelve months and the total asset turnover is 4.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
In conclusion, Cencora Inc. (COR) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
