Cardinal Health Inc. [CAH] Is Currently 1.26 below its 200 Period Moving Avg: What Does This Mean?

Cardinal Health Inc. [NYSE: CAH] gained 1.26% on the last trading session, reaching $70.72 price per share at the time. The company report on August 11, 2022 that Cardinal Health Reports Fourth Quarter and Full Year Results for Fiscal Year 2022.


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Revenue increased 11% to $47.1 billion in the fourth quarter.

GAAP1 operating earnings were $36 million in the fourth quarter; GAAP diluted EPS were $0.50 in the fourth quarter.

Cardinal Health Inc. represents 273.00 million in outstanding shares, while the company has a total market value of $19.69 billion with the latest information. CAH stock price has been found in the range of $69.68 to $70.865.

If compared to the average trading volume of 2.52M shares, CAH reached a trading volume of 3489568 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 Cardinal Health Inc. [CAH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CAH shares is $68.23 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CAH stock is a recommendation set at 2.80. 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.

Morgan Stanley have made an estimate for Cardinal Health Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on August 22, 2022. The new note on the price target was released on May 26, 2022, representing the official price target for Cardinal Health Inc. stock. Previously, the target price had yet another raise from $55 to $68, while Evercore ISI kept a Outperform rating on CAH stock.

The Average True Range (ATR) for Cardinal Health Inc. is set at 1.60, with the Price to Sales ratio for CAH stock in the period of the last 12 months amounting to 0.11. Price to Free Cash Flow for CAH in the course of the last twelve months was 8.62 with Quick ratio for the last quarter at 0.60.

Trading performance analysis for CAH stock

Cardinal Health Inc. [CAH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.87. With this latest performance, CAH shares gained by 18.34% in over the last four-week period, additionally plugging by 32.29% over the last 6 months – not to mention a rise of 34.73% 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 CAH stock in for the last two-week period is set at 73.83, with the RSI for the last a single of trading hit 72.98, and the three-weeks RSI is set at 73.02 for Cardinal Health Inc. [CAH]. The present Moving Average for the last 50 days of trading for this stock 59.99, while it was recorded at 69.39 for the last single week of trading, and 55.45 for the last 200 days.

Cardinal Health Inc. [CAH]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Cardinal Health Inc. [CAH] shares currently have an operating margin of +0.92 and a Gross Margin at +3.44. Cardinal Health Inc.’s Net Margin is presently recorded at -0.51.

Return on Equity for this stock declined to -172.46, with Return on Assets sitting at -2.11.

Cardinal Health Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 1.10.

Cardinal Health Inc. [CAH]: 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 CAH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cardinal Health Inc. go to 5.16%.

An analysis of insider ownership at Cardinal Health Inc. [CAH]

There are presently around $16,624 million, or 89.60% of CAH stock, in the hands of institutional investors. The top three institutional holders of CAH stocks are: VANGUARD GROUP INC with ownership of 33,604,357, which is approximately -0.39% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 22,783,984 shares of the stock with an approximate value of $1.61 billion in CAH stocks shares; and STATE STREET CORP, currently with $1.44 billion in CAH stock with ownership of nearly -6.568% of the company’s market capitalization.

Positions in Cardinal Health Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 364 institutional holders increased their position in Cardinal Health Inc. [NYSE:CAH] by around 21,173,367 shares. Additionally, 375 investors decreased positions by around 21,797,230 shares, while 133 investors held positions by with 192,100,777 shares. The mentioned changes placed institutional holdings at 235,071,374 shares, according to the latest SEC report filing. CAH stock had 94 new institutional investments in for a total of 4,549,070 shares, while 68 institutional investors sold positions of 3,045,118 shares during the same period.

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