As of Thursday close, IQVIA Holdings Inc.’s (NYSE:IQV) stock was down -$6.24, moving down -3.04 percent to $199.18. The average number of shares traded per day over the past five days has been 1,295,100 shares. 1 time new highs have been achieved over the past 5 days, with a -$13.78 fall in that time frame. In the last twenty days, the average volume was 973,770, while in the previous 50 days, it was 925,104.
Since last month, IQV stock retreated -6.93%. Shares of the company fell to $197.64 on 09/21/23, the lowest level in the past month. A 52-week high of $241.86 was reached on 02/02/23 after having rallying from a 52-week low of $165.75. Since the beginning of this year, IQV’s stock price has dropped by -2.79% or -$5.71, and marked a new high 10 times. However, the stock has declined by -17.65% since its 52-week high.
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IQV stock investors should be aware that IQVIA Holdings Inc. (IQV) stock had its last reported insider trading activity 3 days ago on Sep 19. Panagos Constantinos, the of the company, disposed of 27,317 shares for $208.67 on Sep 19. It resulted in a $5,700,340 divestment by the insider. Knightly Kevin C sold 5,820 shares at an average price of $201.89 on Jun 05. The insider now owns 0 shares following the transaction. On May 26, Knightly Kevin C sold 1 shares at $198.66 apiece. The transaction was valued at $199.
Valuation Metrics
Right now, IQVIA Holdings Inc. (IQV) has a P/E ratio of about 34.21. The stock’s beta is 1.38. Besides these, the trailing price-to-sales (P/S) ratio of 2.50, the price-to-book (PB) ratio of 6.39, and the price-to-cash flow ratio of 23.19 may also be considered.
Financial Health
In the three months ended June 29, IQVIA Holdings Inc.’s quick ratio stood at 0.80, while its current ratio was 0.80, 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 2.16, and the total debt-to-equity ratio was 2.20. On the profitability front, the trailing twelve-month gross margin is 34.80% percent. In the year ended June 29, EBITDA margin amounted to 20.58%, whereas operating margins totaled 12.60%. Based on annual data, IQV earned $5.03 billion in gross profit and brought in $14.41 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 8.20%. Return on equity (ROE) for the past 12 months was 19.20%.
In IQVIA Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $12.43 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. IQV’s revenue rose 5.02% to $3.65 billion during the quarter, while net income inched up to $3.73 billion. While analysts expected IQVIA Holdings Inc. to report $2.37 quarterly earnings, the actual figure was $2.43 per share, beating the consensus estimate by 2.50%. During the quarter, the company generated $787.0 million in EBITDA. The liabilities of IQVIA Holdings Inc. were 20.29 billion at the end of its most recent quarter ended June 29, and its total debt was $14.02 billion. The value of shareholders’ equity is $183.12 million.
Technical Picture
This quick technical analysis looks at IQVIA Holdings Inc.’s (IQV) price momentum. With a historical volatility rate of 18.30%, the RSI 9-day stood at 16.09% on 21 September.
With respect to its five-day moving average, the current IQVIA Holdings Inc. price is down by -6.47% percent or -$13.78. At present, IQV shares trade -7.85% below its 20-day simple moving average and +5.82% percent above its 100-day simple moving average. However, the stock is currently trading approximately -9.05% below its SMA50 and -8.52% below its SMA200.
Stochastic coefficient K was 4.34% and Stochastic coefficient D was 3.81%, while ATR was 4.67. Given the Stochastic reading of 5.49% for the 14-day period, the RSI (14) reading has been calculated as 23.88%. As of today, the MACD Oscillator reading stands at -6.20, while the 14-day reading stands at -9.28.
Analyst Ratings
HSBC Securities launched its rating on IQVIA Holdings Inc. (NYSE: IQV) to a Buy in a note to investors on September 06, 2023. IQVIA Holdings Inc. (IQV) has been rated Overweight by analysts. According to 0 brokerage firms, IQV is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate IQVIA Holdings Inc. stock as buy, with 15 recommending it as overweight.
With a median target price of $250.00, the current consensus forecast for the stock is $215.00 – $281.00. Based on these forecasts, analysts predict IQVIA Holdings Inc. (IQV) will achieve an average price target of $250.58.
