Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Cardinal Health, Inc (NYSE: CAH) closed the day trading at $117.42 down -2.49% from the previous closing price of $120.42. In other words, the price has decreased by -$2.49 from its previous closing price. On the day, 2.01 million shares were traded. CAH stock price reached its highest trading level at $120.97 during the session, while it also had its lowest trading level at $116.765.
Ratios:
For a better understanding of CAH, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.78. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 0.95.
On February 26, 2024, Leerink Partners started tracking the stock assigning a Outperform rating and target price of $125.
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 Nov 14 ’24 when Scherer Mary C. sold 3,504 shares for $123.55 per share. The transaction valued at 432,919 led to the insider holds 8,752 shares of the business.
Mayer Jessica L sold 16,573 shares of CAH for $1,812,920 on Aug 21 ’24. The Chief Legal/Compliance Officer now owns 75,971 shares after completing the transaction at $109.39 per share. On Aug 21 ’24, another insider, Mayer Jessica L, who serves as the Officer of the company, bought 16,573 shares for $109.39 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CAH now has a Market Capitalization of 28416813056 and an Enterprise Value of 30714873856. As of this moment, Cardinal’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.82, and their Forward P/E ratio for the next fiscal year is 13.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.13. Its current Enterprise Value per Revenue stands at 0.137 whereas that against EBITDA is 10.504.
Stock Price History:
Over the past 52 weeks, CAH has reached a high of $126.23, while it has fallen to a 52-week low of $93.17. The 50-Day Moving Average of the stock is 0.69%, while the 200-Day Moving Average is calculated to be 9.11%.
Shares Statistics:
Over the past 3-months, CAH traded about 2.04M shares per day on average, while over the past 10 days, CAH traded about 1665130 shares per day. A total of 242.00M shares are outstanding, with a floating share count of 241.33M. Insiders hold about 0.28% of the company’s shares, while institutions hold 88.83% stake in the company. Shares short for CAH as of 1732838400 were 4781529 with a Short Ratio of 2.34, compared to 1730332800 on 5501850. Therefore, it implies a Short% of Shares Outstanding of 4781529 and a Short% of Float of 2.5899999.
Dividends & Splits
CAH’s forward annual dividend rate is 2.01, up from 2.012 a year ago. Against a Trailing Annual Dividend Yield of 0.01670819The stock’s 5-year Average Dividend Yield is 2.99.
