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After finishing at $543.51 in the prior trading day, Elevance Health Inc (NYSE: ELV) closed at $539.46, down -0.75%. In other words, the price has decreased by -$0.75 from its previous closing price. On the day, 0.85 million shares were traded. ELV stock price reached its highest trading level at $544.6 during the session, while it also had its lowest trading level at $538.14.
Ratios:
Our goal is to gain a better understanding of ELV by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.66 whereas as Long-Term Debt/Eq ratio is at 0.58.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on July 18, 2024, Downgraded its rating to Neutral and sets its target price to $530 from $646 previously.
On June 24, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $643.
On May 30, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $649.Robert W. Baird initiated its Outperform rating on May 30, 2024, with a $649 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 05 ’24 when PERU RAMIRO G sold 753 shares for $531.52 per share. The transaction valued at 400,235 led to the insider holds 8,744 shares of the business.
RAMIRO G PERU bought 753 shares of ELV for $400,235 on Aug 05 ’24. On Jul 22 ’24, another insider, BOUDREAUX GAIL, who serves as the President and CEO of the company, sold 34,000 shares for $500.98 each. As a result, the insider received 17,033,395 and left with 126,709 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ELV now has a Market Capitalization of 125093224448 and an Enterprise Value of 119594156032. As of this moment, Elevance’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.91, and their Forward P/E ratio for the next fiscal year is 12.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.73 while its Price-to-Book (P/B) ratio in mrq is 2.97. Its current Enterprise Value per Revenue stands at 0.696 whereas that against EBITDA is 10.511.
Stock Price History:
Over the past 52 weeks, ELV has reached a high of $567.26, while it has fallen to a 52-week low of $431.38. The 50-Day Moving Average of the stock is 0.76%, while the 200-Day Moving Average is calculated to be 4.73%.
Shares Statistics:
The stock has traded on average 953.26K shares per day over the past 3-months and 788340 shares per day over the last 10 days, according to various share statistics. A total of 233.07M shares are outstanding, with a floating share count of 230.92M. Insiders hold about 0.41% of the company’s shares, while institutions hold 91.64% stake in the company. Shares short for ELV as of 1724976000 were 1776654 with a Short Ratio of 1.86, compared to 1722384000 on 1999697. Therefore, it implies a Short% of Shares Outstanding of 1776654 and a Short% of Float of 0.77.
Dividends & Splits
In the trailing 12 months, ELV’s forward annual dividend rate was 6.22, compared to 6.37 this year. Against a Trailing Annual Dividend Yield of 0.011444131The stock’s 5-year Average Dividend Yield is 1.14.
