Teva Pharmaceutical Industries Limited [TEVA] is 3.18% higher this YTD. Is it still time to buy?

Teva Pharmaceutical Industries Limited [NYSE: TEVA] jumped around 0.14 points on Monday, while shares priced at $9.41 at the close of the session, up 1.51%. The company report on March 27, 2023 that Teva’s Digital Health Collaboration with Rimidi Expands to Include Respiratory Monitoring Program Integration with a Large U.S. Health System.

California’s Desert Oasis Healthcare (DOHC) implements Rimidi’s Respiratory Module for respiratory patient monitoring, based on data collected by Teva’s Digihaler® System.

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Digihaler is the first and only smart inhaler system that can provide objective data to help patients and their doctors better support asthma management.

Teva Pharmaceutical Industries Limited stock is now 3.18% up from its year-to-date (YTD) trading value. TEVA Stock saw the intraday high of $9.455 and lowest of $9.22 per share. The company’s 52-week high price is 11.44, which means current price is +13.78% above from all time high which was touched on 01/12/23.

Compared to the average trading volume of 9.11M shares, TEVA reached a trading volume of 5751526 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Teva Pharmaceutical Industries Limited [TEVA]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TEVA shares is $10.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TEVA stock is a recommendation set at 3.10. 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.

Jefferies have made an estimate for Teva Pharmaceutical Industries Limited shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 19, 2023. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $11 to $10. The new note on the price target was released on November 14, 2022, representing the official price target for Teva Pharmaceutical Industries Limited stock.

The Average True Range (ATR) for Teva Pharmaceutical Industries Limited is set at 0.25, with the Price to Sales ratio for TEVA stock in the period of the last 12 months amounting to 0.69. The Price to Book ratio for the last quarter was 1.33, with the Price to Cash per share for the same quarter was set at 2.56. Price to Free Cash Flow for TEVA in the course of the last twelve months was 9.89 with Quick ratio for the last quarter at 0.70.

How has TEVA stock performed recently?

Teva Pharmaceutical Industries Limited [TEVA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.33. With this latest performance, TEVA shares gained by 0.97% in over the last four-week period, additionally plugging by 8.66% over the last 6 months – not to mention a drop of -6.37% 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 TEVA stock in for the last two-week period is set at 57.83, with the RSI for the last a single of trading hit 68.56, and the three-weeks RSI is set at 52.81 for Teva Pharmaceutical Industries Limited [TEVA]. The present Moving Average for the last 50 days of trading for this stock 9.59, while it was recorded at 9.22 for the last single week of trading, and 9.11 for the last 200 days.

Teva Pharmaceutical Industries Limited [TEVA]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Teva Pharmaceutical Industries Limited [TEVA] shares currently have an operating margin of +17.96 and a Gross Margin at +46.68. Teva Pharmaceutical Industries Limited’s Net Margin is presently recorded at -15.78.

Return on Total Capital for TEVA is now 8.36, given the latest momentum, and Return on Invested Capital for the company is -8.02. Return on Equity for this stock declined to -26.42, with Return on Assets sitting at -5.21. When it comes to the capital structure of this company, Teva Pharmaceutical Industries Limited [TEVA] has a Total Debt to Total Equity ratio set at 274.21. Additionally, TEVA Total Debt to Total Capital is recorded at 73.28, with Total Debt to Total Assets ending up at 49.21. Long-Term Debt to Equity for the company is recorded at 246.32, with the Long-Term Debt to Total Capital now at 65.83.

Reflecting on the efficiency of the workforce at the company, Teva Pharmaceutical Industries Limited [TEVA] managed to generate an average of -$214,683 per employee. Receivables Turnover for the company is 3.69 with a Total Asset Turnover recorded at a value of 0.33.Teva Pharmaceutical Industries Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.10.

Earnings analysis for Teva Pharmaceutical Industries Limited [TEVA]

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 TEVA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Teva Pharmaceutical Industries Limited go to 3.60%.

Insider trade positions for Teva Pharmaceutical Industries Limited [TEVA]

There are presently around $5,207 million, or 49.60% of TEVA stock, in the hands of institutional investors. The top three institutional holders of TEVA stocks are: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 114,793,989, which is approximately -2.045% of the company’s market cap and around 2.00% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 50,563,987 shares of the stock with an approximate value of $468.73 million in TEVA stocks shares; and BLACKROCK INC., currently with $374.11 million in TEVA stock with ownership of nearly -3.145% of the company’s market capitalization.

Positions in Teva Pharmaceutical Industries Limited stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 179 institutional holders increased their position in Teva Pharmaceutical Industries Limited [NYSE:TEVA] by around 46,272,733 shares. Additionally, 191 investors decreased positions by around 44,102,327 shares, while 109 investors held positions by with 471,309,099 shares. The mentioned changes placed institutional holdings at 561,684,159 shares, according to the latest SEC report filing. TEVA stock had 48 new institutional investments in for a total of 17,058,437 shares, while 50 institutional investors sold positions of 5,980,399 shares during the same period.


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