At the last check on Thursday, Cencora Inc.’s (NYSE:COR) stock was up $2.28, moving up 1.25 percent to $185.06. The average number of shares traded per day over the past five days has been 1,632,398 shares. 5 times new highs have been achieved over the past 5 days, with a $7.77 gain in that time frame. In the last twenty days, the average volume was 1,301,580, while in the previous 50 days, it was 1,764,520.
Since last month, COR stock rose 3.99%. Shares of the company fell to $171.65 on 09/06/23, the lowest level in the past month. A 52-week high of $194.79 was reached on 07/21/23 after having rallying from a 52-week low of $135.14. Since the beginning of this year, COR’s stock price has risen by 11.68% or $19.05, and marked a new high 28 times. However, the stock has declined by -5.00% since its 52-week high.
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COR stock investors should be aware that Cencora Inc. (COR) stock had its last reported insider trading activity 9 days ago on Sep 12. COLLIS STEVEN H, the Chairman, President & CEO of the company, disposed of 10,500 shares for $176.79 on Sep 12. It resulted in a $1,856,295 divestment by the insider. Donato Leslie E sold 1,845 shares at an average price of $175.00 on Sep 06. The insider now owns 5,350 shares following the transaction. On Sep 05, EVP & Chief Strategy Officer Donato Leslie E sold 6,715 shares at $175.00 apiece. The transaction was valued at $1,175,125.
Valuation Metrics
Right now, Cencora Inc. (COR) has a P/E ratio of about 22.56. The stock’s beta is 0.55. Besides these, the trailing price-to-sales (P/S) ratio of 0.15, the price-to-book (PB) ratio of 54.52, and the price-to-cash flow ratio of 13.31 may also be considered.
The latest dividend of $1.27 per share was paid out, remained unchanged from last year’s $1.27. On Wednesday May 19 2021, a $0.04 dividend increase was announced.
Financial Health
In the three months ended June 29, Cencora Inc.’s quick ratio stood at 0.49, while its current ratio was 0.88, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 6.06, and the total debt-to-equity ratio was 7.32. On the profitability front, the trailing twelve-month gross margin is 3.01% percent. In the year ended June 29, EBITDA margin amounted to 1.45%, whereas operating margins totaled 0.98%. Based on annual data, COR earned $8.3 billion in gross profit and brought in $238.59 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 34.86%. Return on equity (ROE) for the past 12 months was 371.18%.
In Cencora Inc.’s quarter-end financial report for June 29, it reported total debt of $1.78 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. COR’s revenue rose 6.03% to $162.12 million during the quarter, while net income inched up to $163.86 million. While analysts expected Cencora Inc. to report $2.82 quarterly earnings, the actual figure was $2.92 per share, beating the consensus estimate by 3.50%. During the quarter, the company generated $947.14 million in EBITDA. The liabilities of Cencora Inc. were 60.26 billion at the end of its most recent quarter ended June 29, and its total debt was $6.35 billion. The value of shareholders’ equity is $202.18 million.
Technical Picture
This quick technical analysis looks at Cencora Inc.’s (COR) price momentum. With a historical volatility rate of 10.48%, the RSI 9-day stood at 72.51% on 20 September.
With respect to its five-day moving average, the current Cencora Inc. price is up by +4.39% percent or $7.77. At present, COR shares trade +3.93% above its 20-day simple moving average and +10.73% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.17% below its SMA50 and +6.19% above its SMA200.
Stochastic coefficient K was 89.20% and Stochastic coefficient D was 84.55%, while ATR was 3.17. Given the Stochastic reading of 91.55% for the 14-day period, the RSI (14) reading has been calculated as 62.63%. As of today, the MACD Oscillator reading stands at 3.04, while the 14-day reading stands at 4.36.
Analyst Ratings
Citigroup launched its rating on Cencora Inc. (NYSE: COR) to a Buy in a note to investors on March 31, 2023. Cencora Inc. (COR) has been rated Overweight by analysts. According to 0 brokerage firms, COR is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Cencora Inc. stock as buy, with 9 recommending it as overweight.
With a median target price of $210.00, the current consensus forecast for the stock is $190.00 – $225.00. Based on these forecasts, analysts predict Cencora Inc. (COR) will achieve an average price target of $209.69.
