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The closing price of Elevance Health Inc (NYSE: ELV) was $378.39 for the day, down -1.86% from the previous closing price of $385.56. In other words, the price has decreased by -$1.86 from its previous closing price. On the day, 1.72 million shares were traded. ELV stock price reached its highest trading level at $390.27 during the session, while it also had its lowest trading level at $377.975.
Ratios:
Our analysis of ELV’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.62 whereas as Long-Term Debt/Eq ratio is at 0.56.
On July 18, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $646 to $530.
On June 24, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $643.Morgan Stanley initiated its Overweight rating on June 24, 2024, with a $643 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 18 ’24 when Kendrick Charles Morgan JR sold 7,417 shares for $432.14 per share. The transaction valued at 3,205,182 led to the insider holds 8,423 shares of the business.
Kendrick Charles Morgan JR bought 7,417 shares of ELV for $3,206,221 on Oct 18 ’24. On Aug 05 ’24, another insider, PERU RAMIRO G, who serves as the Director of the company, sold 753 shares for $531.52 each. As a result, the insider received 400,235 and left with 8,744 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 89419988992 and an Enterprise Value of 77076275200. As of this moment, Elevance’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.79, and their Forward P/E ratio for the next fiscal year is 10.83. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.50 while its Price-to-Book (P/B) ratio in mrq is 2.00. Its current Enterprise Value per Revenue stands at 0.443 whereas that against EBITDA is 6.792.
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 $379.29. The 50-Day Moving Average of the stock is -11.26%, while the 200-Day Moving Average is calculated to be -24.71%.
Shares Statistics:
ELV traded an average of 1.77M shares per day over the past three months and 1960910 shares per day over the past ten days. A total of 231.93M shares are outstanding, with a floating share count of 231.44M. Insiders hold about 0.21% of the company’s shares, while institutions hold 90.39% stake in the company. Shares short for ELV as of 1732838400 were 2817457 with a Short Ratio of 1.59, compared to 1730332800 on 2846378. Therefore, it implies a Short% of Shares Outstanding of 2817457 and a Short% of Float of 1.2200001.
Dividends & Splits
With its trailing 12-month dividend rate of 6.37, ELV has a forward annual dividend rate of 6.52. Against a Trailing Annual Dividend Yield of 0.016521424The stock’s 5-year Average Dividend Yield is 1.15.
