The stock of IQVIA Holdings Inc (IQV) has gone up by 1.58% for the week, with a -3.62% drop in the past month and a 4.15% rise in the past quarter. The volatility ratio for the week is 1.86%, and the volatility levels for the past 30 days are 1.94% for IQV. The simple moving average for the past 20 days is 0.47% for IQV’s stock, with a 0.76% simple moving average for the past 200 days.
Is It Worth Investing in IQVIA Holdings Inc (NYSE: IQV) Right Now?
IQVIA Holdings Inc (NYSE: IQV) has a higher price-to-earnings ratio of 30.33x compared to its average ratio. IQV has 36-month beta value of 1.50. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 4 as “overweight,” 8 as “hold,” and 0 as “sell.”
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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 18, 2024 was 1.07M shares.
IQV) stock’s latest price update
The stock of IQVIA Holdings Inc (NYSE: IQV) has increased by 0.36 when compared to last closing price of 233.06. Despite this, the company has experienced a 1.58% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-10-15 that RESEARCH TRIANGLE PARK, N.C.–(BUSINESS WIRE)–IQVIA Holdings Inc. (“IQVIA”) (NYSE:IQV) will announce its third-quarter 2024 financial results before the market opens on Thursday, October 31, 2024. The IQVIA management team will also host a conference call and webcast at 9:00 a.m. Eastern Time on that same day. The earnings release and accompanying financial information will be posted on the IQVIA Investor Relations website at http://ir.iqvia.com. To listen to the event and view the presentatio.
Analysts’ Opinion of IQV
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see IQV reach a price target of $275. The rating they have provided for IQV stocks is “Outperform” according to the report published on September 04th, 2024.
Jefferies gave a rating of “Hold” to IQV, setting the target price at $242 in the report published on July 24th of the current year.
IQV Trading at -2.05% 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 -10.64% of loss for the given period.
Volatility was left at 1.94%, however, over the last 30 days, the volatility rate increased by 1.86%, as shares sank -4.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.86% upper at present.
During the last 5 trading sessions, IQV rose by +1.58%, which changed the moving average for the period of 200-days by +1.52% in comparison to the 20-day moving average, which settled at $232.80. In addition, IQVIA Holdings Inc saw 1.08% 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 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 3.59. 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 put it simply, IQVIA Holdings Inc (IQV) 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’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.
