The stock price of IQVIA Holdings Inc (NYSE: IQV) has dropped by -1.58 compared to previous close of 216.99. Despite this, the company has seen a gain of 0.33% in its stock price over the last five trading days. zacks.com reported 2024-11-04 that Evaluate IQVIA’s (IQV) reliance on international revenue to better understand the company’s financial stability, growth prospects and potential stock price performance.
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 28.01x compared to its average ratio. IQV has 36-month beta value of 1.51. 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 178.22M, and currently, short sellers hold a 1.47% ratio of that float. The average trading volume of IQV on November 13, 2024 was 1.14M shares.
IQV’s Market Performance
The stock of IQVIA Holdings Inc (IQV) has seen a 0.33% increase in the past week, with a -8.43% drop in the past month, and a -9.58% fall in the past quarter. The volatility ratio for the week is 3.17%, and the volatility levels for the past 30 days are at 2.88% for IQV. The simple moving average for the last 20 days is -2.80% for IQV’s stock, with a simple moving average of -8.05% for the last 200 days.
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 -6.99% 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 -18.40% of loss for the given period.
Volatility was left at 2.88%, however, over the last 30 days, the volatility rate increased by 3.17%, as shares sank -8.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.16% lower at present.
During the last 5 trading sessions, IQV rose by +0.33%, which changed the moving average for the period of 200-days by -2.04% in comparison to the 20-day moving average, which settled at $219.72. In addition, IQVIA Holdings Inc saw -7.70% 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 22.00, with 5.29 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 0.19. The debt to equity ratio resting at 1.94. The interest coverage ratio of the stock is 3.15.
Currently, EBITDA for the company is 3.21 billion with net debt to EBITDA at 3.64. When we switch over and look at the enterprise to sales, we see a ratio of 3.3. The receivables turnover for the company is 4.73for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.81.
Conclusion
To put it simply, IQVIA Holdings Inc (IQV) has had a mixed 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.
