The stock of Labcorp Holdings Inc (NYSE: LH) has increased by 1.43 when compared to last closing price of 238.73.Despite this, the company has seen a gain of 1.81% in its stock price over the last five trading days. prnewswire.com reported 2024-11-26 that Research to be presented in a joint poster session with Labcorp at the 2024 San Antonio Breast Cancer Symposium BOSTON and BURLINGTON, N.C., Nov. 26, 2024 /PRNewswire/ — Outcomes4Me Inc., the developer of the first and only end-to-end, actionable cancer platform, announced today it has been selected to present the results of a biomarker awareness study, conducted with Labcorp, a global leader of innovative and comprehensive laboratory services, at the prestigious 2024 San Antonio Breast Cancer Symposium (SABCS) on December 13, 2024.
Is It Worth Investing in Labcorp Holdings Inc (NYSE: LH) Right Now?
Labcorp Holdings Inc (NYSE: LH) has a price-to-earnings ratio that is above its average at 46.88x. The stock has a 36-month beta value of 1.05. Opinions on the stock are mixed, with 10 analysts rating it as a “buy,” 3 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for LH is 83.35M, and at present, short sellers hold a 2.68% of that float. On November 28, 2024, the average trading volume of LH was 592.04K shares.
LH’s Market Performance
The stock of Labcorp Holdings Inc (LH) has seen a 1.81% increase in the past week, with a 6.16% rise in the past month, and a 5.42% gain in the past quarter. The volatility ratio for the week is 1.63%, and the volatility levels for the past 30 days are at 2.10% for LH. The simple moving average for the past 20 days is 1.96% for LH’s stock, with a 12.25% simple moving average for the past 200 days.
Analysts’ Opinion of LH
Piper Sandler, on the other hand, stated in their research note that they expect to see LH reach a price target of $235. The rating they have provided for LH stocks is “Neutral” according to the report published on October 01st, 2024.
Argus gave a rating of “Buy” to LH, setting the target price at $250 in the report published on March 25th of the current year.
LH Trading at 6.69% from the 50-Day Moving Average
After a stumble in the market that brought LH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.35% of loss for the given period.
Volatility was left at 2.10%, however, over the last 30 days, the volatility rate increased by 1.63%, as shares surge +5.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.57% upper at present.
During the last 5 trading sessions, LH rose by +1.81%, which changed the moving average for the period of 200-days by +8.43% in comparison to the 20-day moving average, which settled at $237.50. In addition, Labcorp Holdings Inc saw 6.54% 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 LH starting from Summy Amy B., who sale 3,672 shares at the price of $238.91 back on Nov 22 ’24. After this action, Summy Amy B. now owns 4,318 shares of Labcorp Holdings Inc, valued at $877,142 using the latest closing price.
van der Vaart Sandra D, the EVP, Chief Legal Officer of Labcorp Holdings Inc, sale 1,000 shares at $239.42 during a trade that took place back on Nov 21 ’24, which means that van der Vaart Sandra D is holding 2,670 shares at $239,419 based on the most recent closing price.
Stock Fundamentals for LH
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.26 for the gross margin
The net margin for Labcorp Holdings Inc stands at 0.03. The total capital return value is set at 0.07. Equity return is now at value 5.43, with 2.45 for asset returns.
Based on Labcorp Holdings Inc (LH), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.83. The interest coverage ratio of the stock is 5.77.
Currently, EBITDA for the company is 1.35 billion with net debt to EBITDA at 4.38. When we switch over and look at the enterprise to sales, we see a ratio of 2.08. The receivables turnover for the company is 5.71for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.44.
Conclusion
To sum up, Labcorp Holdings Inc (LH) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
