The stock of DaVita Inc. (NYSE:DVA) decreased by -$0.08 on Friday to finish at $108.35, down -0.07 percent. The last five days have seen an average of 942,900 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $33.68. The average number of shares traded over the last 20 days was 687,710, while the average volume over the last 50 days totaled 628,698.
DVA stock appreciated 4.93% since last month. On 07/28/23, the company’s shares reached a one-month low of $99.72. The stock touched a high of $116.97 on 08/07/23, after rallying from a low of $65.28 in 52 weeks. The price of DVA stock has risen by 45.11% or $33.68 this year, reaching a new high 20 times. Still, the stock price is down -7.37% from the 52-week high.
Insider Transactions
DVA stock investors should be aware that DaVita Inc. (DVA) stock had its last reported insider trading activity 94 days ago on May 12. On May 12, Director YALE PHYLLIS R sold 2,196 shares at $95.26 each. This transaction resulted in the insider making $209,195. On May 10, Rodriguez Javier sold 16,916 shares at a price of US$99.44. After the transaction, the insider now owns 315,622 shares. Chief Legal & Pub. Affairs Off Waters Kathleen Alyce had earlier sold 15,941 shares on May 10 for $99.24 a share. The transaction was completed for $1,581,990.
Valuation Metrics
DaVita Inc. (DVA) has a trailing price-to-earnings (P/E) ratio of 22.17. Beta for the stock is 0.93. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.84, the price-to-book (PB) ratio of 9.69, and the price-to-cash flow ratio of 7.29.
Financial Health
For the three months ended June 29, DaVita Inc.’s quick ratio was 1.20, while its current ratio was 1.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 8.45, and the total debt to equity ratio is 8.55. As far as profitability goes, gross margin for the trailing twelve months is 29.40% percent. DaVita Inc.’s EBITDA margin for the year ended June 29 was 17.62%, whereas its operating margin stood at 10.90% for the same period. Based on annual data, it had gross profit of $3.4 billion and revenue of $11.61 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DVA’s return on assets (ROA) during the last 12 months has been 2.80%. There was a 11.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 60.60%.
Earnings Surprise
According to DaVita Inc.’s quarterly financial report for the quarter that ended June 29, it had $8.6 billion in total debt versus $12.48 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.0 billion, while revenues rose by 2.45% to $2.87 billion. It was predicted that DaVita Inc.’s quarterly earnings would be $1.91, but it ended up being $1.69, beating the consensus by 13.00%. EBITDA was $588.96 million for the quarter. At the end of DaVita Inc.’s most recent quarter ended June 29, its liabilities totaled 15.75 billion, while its total debt was $11.48 billion. Equity owned by shareholders amounts to $91.3 million.
Technical Picture
Here’s a quick look at DaVita Inc.’s (DVA) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 59.81%, suggesting the stock is Neutral, with a 41.16% historical volatility rate.
The stochastic %K and %D were 53.28% and 59.16% respectively, while the average true range (ATR) was 2.98. Based on the 14-day stochastic reading of 50.01%, the RSI (14) reading is 60.20%. On the 9-day MACD Oscillator, the stock is at 1.70, and the 14-day reading is at 3.76.
Analyst Ratings
In its most recent analyst report, UBS raised its rating on DaVita Inc. (NYSE: DVA) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned DaVita Inc. (DVA) an Hold rating. DVA is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is DVA’s price target for the next 12 months?
The current consensus forecast for the stock is between $98.00 and $142.00, with a median target price of $109.00. In analyzing these forecasts, the average price target given by analysts for DaVita Inc. (DVA) is $112.00.
