IQVIA Holdings Inc (NYSE: IQV)’s stock price has gone rise by 0.64 in comparison to its previous close of 228.79, however, the company has experienced a 1.25% increase in its stock price over the last five trading days. zacks.com reported 2024-10-04 that While IQV benefits from its market leadership, data-driven innovation and global expansion, it must navigate pricing pressure.
Is It Worth Investing in IQVIA Holdings Inc (NYSE: IQV) Right Now?
IQVIA Holdings Inc (NYSE: IQV) has a price-to-earnings ratio of 29.86x that is above its average ratio. Additionally, the 36-month beta value for IQV is 1.50. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for IQV is 180.80M and currently, short sellers hold a 1.71% ratio of that float. The average trading volume of IQV on October 11, 2024 was 1.09M shares.
IQV’s Market Performance
IQV stock saw a decrease of 1.25% in the past week, with a monthly decline of -2.97% and a quarterly a decrease of 2.71%. The volatility ratio for the week is 1.67%, and the volatility levels for the last 30 days are 2.02% for IQVIA Holdings Inc (IQV). The simple moving average for the past 20 days is -2.00% for IQV’s stock, with a -0.79% simple moving average for the past 200 days.
Analysts’ Opinion of IQV
Many brokerage firms have already submitted their reports for IQV stocks, with RBC Capital Mkts repeating the rating for IQV by listing it as a “Outperform.” The predicted price for IQV in the upcoming period, according to RBC Capital Mkts is $275 based on the research report published on September 04, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see IQV reach a price target of $242, previously predicting the price at $266. The rating they have provided for IQV stocks is “Hold” according to the report published on July 24th, 2024.
Goldman gave a rating of “Buy” to IQV, setting the target price at $270 in the report published on June 06th of the current year.
IQV Trading at -3.80% 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 -12.03% of loss for the given period.
Volatility was left at 2.02%, however, over the last 30 days, the volatility rate increased by 1.67%, as shares sank -3.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.49% lower at present.
During the last 5 trading sessions, IQV rose by +1.25%, which changed the moving average for the period of 200-days by +0.38% in comparison to the 20-day moving average, which settled at $234.95. In addition, IQVIA Holdings Inc saw -0.49% 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 IQV starting from Sherbet Eric, who sale 1,300 shares at the price of $246.33 back on Aug 27 ’24. After this action, Sherbet Eric now owns 19,536 shares of IQVIA Holdings Inc, valued at $320,229 using the latest closing price.
Sherbet Eric, the Officer of IQVIA Holdings Inc, proposed sale 1,300 shares at $246.33 during a trade that took place back on Aug 27 ’24, which means that Sherbet Eric is holding shares at $320,229 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 3.54. 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
In conclusion, IQVIA Holdings Inc (IQV) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
