Cardinal Health Inc. (NYSE:CAH) finished Thursday with a subtraction of -$1.6 to close at $65.67, a downside of -2.38 percent. An average of 2,160,951 shares of common stock have been traded in the last five days. There was a fall of -$1.31 in the past week, and it reached a new high 25 times over the past 12 months. The last 20 days have seen an average of 2,874,603 shares traded, while the 50-day average volume stands at 2,871,947.
CAH stock has decreased by -1.04% in the last month. The company shares reached their 1-month lowest point of $65.53 on 09/23/22. With the stock rallying to its 52-week high on 09/02/22, shares of the company touched a low of $45.85 and a high of $72.28 in 52 weeks. It has reached a new high 22 times so far this year and achieved 30.65% or $14.06 in price. In spite of this, the price is down -9.14% from the 52-week high.
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309 days have passed since Cardinal Health Inc. (CAH) last reported insider trading activity. Snow Ola M, who is Chief Human Resources Officer, most recently acquired $10,000 shares at $49.17 per share on Nov 18.
Cardinal Health Inc. (CAH) stock’s beta is 0.79. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.10, and the price-to-cash flow ratio at 7.97.
The quick ratio of Cardinal Health Inc. for the three months ended June 29 was 0.60, and the current ratio was 1.10, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $6.54 billion compared to revenue of $181.36 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Cardinal Health Inc.’s return on assets was -2.20%.
For the three-month period that ended June 29, Cardinal Health Inc. had $4.74 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $138.0 million in the quarter, while revenues of -$1.39 billion were grew 15.94%. The analyst consensus anticipated Cardinal Health Inc.’s latest quarter earnings to come in at $1.17 per share, but it turned out to be $1.05, a -10.30% surprise. For the quarter, EBITDA amounted to $215.0 million. Shareholders own equity worth $272.51 million.
From a technical analysis perspective, let’s take a brief look at Cardinal Health Inc. (CAH) price momentum. RSI 9-day as of the close on 22 September was 33.50%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.66%.
As of today, CAH’s price is $67.27 -1.96% or -$1.31 from its 5-day moving average. CAH is currently trading -5.14% lower than its 20-day SMA and +12.86% higher than its 100-day SMA. However, the stock’s current price level is +21.28% above the SMA50 and +36.28% above the SMA200.
The stochastic %K and %D were 15.76% and 23.87%, respectively, and the average true range (ATR) was 1.52. With the 14-day stochastic at 0.42% and the average true range at 1.55, the RSI (14) stands at 42.18%. The stock has reached -0.24 on the 9-day MACD Oscillator while the 14-day reading was at -1.30.
The consensus rating for Cardinal Health Inc. (CAH) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CAH, while 10 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
What is CAH’s price target for the next 12 months?
Analysts predict a range of price targets between $57.00 and $80.00, with a median target of $72.00. Taking a look at these predictions, the average price target given by analysts for Cardinal Health Inc. (CAH) stock is $70.67.