Cerner Corporation (NASDAQ:CERN) saw a downside of -0.50% to close Tuesday at $70.24 after subtracting -$0.35 on the day. The 5-day average trading volume is 2,235,780 shares of the company’s common stock. It has gained $71.50 in the past week. An average of 2,494,625 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,975,312.
CERN’s 1-month performance is -5.72% or -$4.21 on its low of $69.08 reached on 10/06/21. The company’s shares have touched a 52-week low of $67.96 and high of $84.20, with the stock’s rally to the 52-week high happening on 01/28/21. YTD, CERN has lost -10.50% or -$8.24. However, the current price is down -16.58%% from the 52-week high price.
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On Aug 24, 50 days have gone by since the last insider trading activity for Cerner Corporation (CERN). Devers Daniel (EVP & Chief Legal Officer) most recently sold 9,000 shares at $77.45 per share on Aug 24. This transaction cost the insider $697,050. SVP & Chief Accounting Officer, Battaglioli Michael R., sold 2,750 shares at a price of $79.70 on Aug 09. Then, on Aug 06, SVP & Chief Accounting Officer Battaglioli Michael R. sold 7,000 shares at a price of $80.15 per share. This transaction amounted to $561,050.
The company’s PE ratio for the last five years has touched a high of 48.62 and a low of 19.56. CERN stock has a beta of 0.73. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.68 while the price-to-book (PB) in the most recent quarter is 5.25.
Cerner Corporation pays an annual dividend of $0.88 per share. Its dividend yield is 1.25%. CERN’s most recent quarterly dividend payment was made on Oct. 12, when it paid $0.22 a share compared with prior rate of $0.22, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.04 reported on Friday December 11 2020.
It is projected that Cerner Corporation’s next ex-dividend date will be on 27-Dec. CERN is expected to distribute $0.22 as its next dividend.
Cerner Corporation’s quick ratio for the period ended June 29 was 1.60, with the current ratio over the same period at 1.60 meaning that CERN stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.40, while the total debt to equity was 0.46. In terms of profitability, the gross margin trailing 12 months is 82.90%. The trailing 12-month EBITDA margin is 28.80%. The firm’s gross profit as reported stood at $4.57 billion against revenue of $5.51 billion.
For the quarterly period ending June 29 this year, Cerner Corporation’s cash and short-term investments amounted to $638.49 million against total debt of $1.86 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CERN to announce $0.76 per share in earnings in its latest quarter, but it posted $0.8, representing a 5.30% surprise. EBITDA for the quarter stood at more than $228.81 million. CERN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.69 billion, with total debt at $1.86 billion. Shareholders hold equity totaling $295.59 million
Let’s look briefly at Cerner Corporation (CERN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 29.33% to suggest the stock is trending oversold, with historical volatility in this time period at 8.61%.
The stock’s 5-day moving average is $70.65, reflecting a +0.43% or $0.30 change from its current price. CERN is currently trading -4.98% above its 20-day SMA, -10.48% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -12.32% and -10.42% respectively.
Stochastic %K and %D was 31.74% and 31.30% and the average true range (ATR) pointed at 1.12. The RSI (14) points at 29.04%, while the 14-day stochastic is at 24.84% with the period’s ATR at 1.14. The stock’s 9-day MACD Oscillator is pointing at 0.16 and -0.42 on the 14-day charts.
Analysts offering their rating for CERN stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate CERN as a “sell,”, while 6 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 1 rates the stock as overweight while 9 have offered a “buy” rating.
What is CERN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $72.00 and a high of $90.00, with their median price target at $85.00. Looking at these predictions, the average price target given by analysts is for Cerner Corporation (CERN) stock is $83.88.