Would It Be A Good Move Today To Sell Cardinal Health Inc. (CAH) Stock?

At the last check on Friday, Cardinal Health Inc.’s (NYSE:CAH) stock was up $0.82, moving up 1.35 percent to $61.06. The average number of shares traded per day over the past five days has been 2,443,439 shares. 2 times new highs have been achieved over the past 5 days, with a $1.50 gain in that time frame. In the last twenty days, the average volume was 2,248,190, while in the previous 50 days, it was 2,216,034.

Since last month, CAH stock rose 14.44%. Shares of the company fell to $51.92 on 07/06/22, the lowest level in the past month. A 52-week high of $64.53 was reached on 04/21/22 after having rallying from a 52-week low of $45.85. Since the beginning of this year, CAH’s stock price has risen by 16.99% or $9.57, and marked a new high 17 times. However, the stock has declined by -5.39% since its 52-week high.

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Cardinal Health Inc. (CAH) last reported insider trading activity 260 days ago on Nov 18. Snow Ola M, the Chief Human Resources Officer of the company, disposed of 10,000 shares for $49.17 on Nov 18. It resulted in a $491,700 divestment by the insider.

Valuation Metrics

The latest dividend of $0.4957 per share was paid out, which is 1.0% more than last year’s $0.4908. On Tuesday May 10 2022, a $0.0049 dividend increase was announced.

Financial Health

In the three months ended March 30, Cardinal Health Inc.’s quick ratio stood at 0.50, while its current ratio was 1.10, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 3.60% percent. In the year ended March 30, EBITDA margin amounted to 1.61%, whereas operating margins totaled -0.30%. Based on annual data, CAH earned $6.78 billion in gross profit and brought in $162.47 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.30%. Return on equity (ROE) for the past 12 months was -109.60%.

In Cardinal Health Inc.’s quarter-end financial report for March 30, it reported total debt of $4.75 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CAH’s revenue rose 12.4% to $45.46 billion during the quarter, while net income inched up to $44.84 billion. While analysts expected Cardinal Health Inc. to report $1.52 quarterly earnings, the actual figure was $1.45 per share, beating the consensus estimate by -4.60%. During the quarter, the company generated $84.0 million in EBITDA. The liabilities of Cardinal Health Inc. were 42.8 billion at the end of its most recent quarter ended March 30, and its total debt was $5.61 billion. The value of shareholders’ equity is $272.43 million.

Technical Picture

This quick technical analysis looks at Cardinal Health Inc.’s (CAH) price momentum. With a historical volatility rate of 8.38%, the RSI 9-day stood at 83.90% on 04 August.

With respect to its five-day moving average, the current Cardinal Health Inc. price is up by +2.52% percent or $1.50. At present, CAH shares trade +15.38% above its 20-day simple moving average and +16.06% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.92% above its SMA50 and +25.56% above its SMA200.

Stochastic coefficient K was 92.30% and Stochastic coefficient D was 91.55%, while ATR was 1.16. Given the Stochastic reading of 98.27% for the 14-day period, the RSI (14) reading has been calculated as 77.21%. As of today, the MACD Oscillator reading stands at 0.95, while the 14-day reading stands at 2.09.

Analyst Ratings

Cardinal Health Inc. downgraded its rating on Cardinal Health Inc. (NYSE: CAH) to an Equal weight in a note to investors on May 26, 2022. The analysts firm previously had an Overweight rating on the stock.Cardinal Health Inc. (CAH) has been rated Hold by analysts. According to 0 brokerage firms, CAH is a sell, and 10 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 0 analysts rate Cardinal Health Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $58.50, the current consensus forecast for the stock is $51.00 – $70.00. Based on these forecasts, analysts predict Cardinal Health Inc. (CAH) will achieve an average price target of $59.92.


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