Cerner Corporation [CERN] Is Currently -0.86 below its 200 Period Moving Avg: What Dose This Mean?

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Cerner Corporation [NASDAQ: CERN] loss -0.86% or -0.61 points to close at $70.52 with a heavy trading volume of 2917434 shares. The company report on September 10, 2021 that Cerner Announces Quarterly Dividend.

Cerner Corporation (Nasdaq: CERN), a global healthcare technology company, announced that its Board of Directors declared a cash dividend to stockholders of $0.22 per issued and outstanding share. The cash dividend will be payable on October 12, 2021, to shareholders of record as of the close of business on September 27, 2021.


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Cerner intends to pay regular quarterly cash dividends, with future declarations subject to Board approval and their determination that the declaration of dividends remains in the best interests of Cerner and its shareholders. The decision of whether to pay future dividends and the amount of any such dividends will be based on the company’s financial position, results of operations, cash flows, capital requirements, applicable law and any other factors the Board may deem relevant.

It opened the trading session at $71.33, the shares rose to $71.79 and dropped to $70.15, the range by which the price of stock traded the whole day. The daily chart for CERN points out that the company has recorded -3.29% loss over the past six months. However, it is still -3.77% lower than its most recent low trading price.

If we look at the average trading volume of 2.10M shares, CERN reached to a volume of 2917434 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Cerner Corporation [CERN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CERN shares is $84.95 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CERN stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Cerner Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 29, 2021. The new note on the price target was released on February 11, 2021, representing the official price target for Cerner Corporation stock.

The Average True Range (ATR) for Cerner Corporation is set at 1.19, with the Price to Sales ratio for CERN stock in the period of the last 12 months amounting to 3.73. The Price to Book ratio for the last quarter was 5.27, with the Price to Cash per share for the same quarter was set at 2.99.

Trading performance analysis for CERN stock

Cerner Corporation [CERN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.62. With this latest performance, CERN shares dropped by -7.64% in over the last four-week period, additionally sinking by -3.29% over the last 6 months – not to mention a drop of -2.45% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CERN stock in for the last two-week period is set at 21.76, with the RSI for the last a single of trading hit 16.41, and the three-weeks RSI is set at 26.59 for Cerner Corporation [CERN]. The present Moving Average for the last 50 days of trading for this stock 76.79, while it was recorded at 71.57 for the last single week of trading, and 76.53 for the last 200 days.

Cerner Corporation [CERN]: A deeper dive into fundamental analysis

Cerner Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.

Cerner Corporation [CERN]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CERN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cerner Corporation go to 11.81%.

An analysis of insider ownership at Cerner Corporation [CERN]

There are presently around $18,944 million, or 89.60% of CERN stock, in the hands of institutional investors. The top three institutional holders of CERN stocks are: VANGUARD GROUP INC with ownership of 31,866,816, which is approximately -2.216% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 23,951,730 shares of the stock with an approximate value of $1.69 billion in CERN stocks shares; and STATE STREET CORP, currently with $975.14 million in CERN stock with ownership of nearly 0.895% of the company’s market capitalization.

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369 institutional holders increased their position in Cerner Corporation [NASDAQ:CERN] by around 36,086,832 shares. Additionally, 368 investors decreased positions by around 20,962,892 shares, while 117 investors held positions by with 211,586,955 shares. The mentioned changes placed institutional holdings at 268,636,679 shares, according to the latest SEC report filing. CERN stock had 76 new institutional investments in for a total of 4,002,790 shares, while 68 institutional investors sold positions of 3,924,569 shares during the same period.

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