As of Friday close, McKesson Corporation’s (NYSE:MCK) stock was up $3.48, moving up 0.83 percent to $420.43. The average number of shares traded per day over the past five days has been 820,280 shares. 1 time new highs have been achieved over the past 5 days, with a -$19.63 fall in that time frame. In the last twenty days, the average volume was 948,365, while in the previous 50 days, it was 796,382.
Since last month, MCK stock rose 0.40%. Shares of the company fell to $395.30 on 07/31/23, the lowest level in the past month. A 52-week high of $441.00 was reached on 08/11/23 after having rallying from a 52-week low of $331.75. Since the beginning of this year, MCK’s stock price has risen by 12.08% or $45.31, and marked a new high 16 times. However, the stock has declined by -4.66% since its 52-week high.
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MCK stock investors should be aware that McKesson Corporation (MCK) stock had its last reported insider trading activity 8 days ago on Aug 11. TYLER BRIAN S., the Chief Executive Officer of the company, disposed of 3,471 shares for $440.00 on Aug 11. It resulted in a $1,527,240 divestment by the insider. TYLER BRIAN S. sold 3,938 shares at an average price of $422.60 on Aug 03. The insider now owns 121,838 shares following the transaction. On Jul 06, Chief Executive Officer TYLER BRIAN S. sold 3,938 shares at $419.01 apiece. The transaction was valued at $1,650,061.
Valuation Metrics
The latest dividend of $0.62 per share was paid out, which is 14.81% more than last year’s $0.54.
Financial Health
In the three months ended June 29, McKesson Corporation’s quick ratio stood at 0.50, while its current ratio was 0.90, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 4.40% percent. In the year ended June 29, EBITDA margin amounted to 1.92%, whereas operating margins totaled 1.60%. Based on annual data, MCK earned $12.36 billion in gross profit and brought in $276.71 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 93.00%. Return on equity (ROE) for the past 12 months was -195.30%.
In McKesson Corporation’s quarter-end financial report for June 29, it reported total debt of $5.61 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MCK’s revenue rose 9.84% to $68.91 billion during the quarter, while net income inched up to $74.48 billion. While analysts expected McKesson Corporation to report $5.87 quarterly earnings, the actual figure was $7.27 per share, beating the consensus estimate by 23.90%. During the quarter, the company generated $1.26 billion in EBITDA. The liabilities of McKesson Corporation were 65.34 billion at the end of its most recent quarter ended June 29, and its total debt was $7.48 billion. The value of shareholders’ equity is $134.9 million.
Technical Picture
This quick technical analysis looks at McKesson Corporation’s (MCK) price momentum. With a historical volatility rate of 22.41%, the RSI 9-day stood at 46.52% on 18 August.
With respect to its five-day moving average, the current McKesson Corporation price is down by -4.46% percent or -$19.63. At present, MCK shares trade +1.49% above its 20-day simple moving average and +20.33% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.31% above its SMA50 and +7.98% above its SMA200.
Stochastic coefficient K was 56.78% and Stochastic coefficient D was 68.58%, while ATR was 8.79. Given the Stochastic reading of 47.86% for the 14-day period, the RSI (14) reading has been calculated as 50.18%. As of today, the MACD Oscillator reading stands at -7.23, while the 14-day reading stands at -3.61.
Analyst Ratings
Citigroup launched its rating on McKesson Corporation (NYSE: MCK) to a Buy in a note to investors on March 31, 2023. McKesson Corporation (MCK) has been rated Overweight by analysts. According to 0 brokerage firms, MCK is a sell, and 3 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate McKesson Corporation stock as buy, with 12 recommending it as overweight.
With a median target price of $485.00, the current consensus forecast for the stock is $427.00 – $510.00. Based on these forecasts, analysts predict McKesson Corporation (MCK) will achieve an average price target of $475.99.
