Elevance Health Inc (ELV) concluded trading on Thursday at a closing price of $525.19, with 2.59 million shares of worth about $1.36 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.78% during that period and on April 18, 2024 the price saw a gain of about 3.19%. Currently the company’s common shares owned by public are about 233.07M shares, out of which, 231.50M shares are available for trading.
However, the stock later moved at a day high price of 501.30, or with a gain of 3.19%. Stock saw a price change of 4.63% in past 5 days and over the past one month there was a price change of 1.81%. Year-to-date (YTD), ELV shares are showing a performance of 11.37% which increased to 8.72% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $412.00 but also hit the highest price of $521.18 during that period. The average intraday trading volume for Elevance Health Inc shares is 1.05 million. The stock is currently trading 3.14% above its 20-day simple moving average (SMA20), while that difference is up 3.51% for SMA50 and it goes to 11.01% higher than SMA200.
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Elevance Health Inc (NYSE: ELV) currently have 233.07M outstanding shares and institutions hold larger chunk of about 91.69% of that.
The stock has a current market capitalization of $122.20B and its 3Y-monthly beta is at 0.80. PE ratio of stock for trailing 12 months is 19.85, while it has posted earnings per share of $26.46 in the same period. Its PEG reads 1.68 while making debt-to-equity ratio of 0.65. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ELV, volatility over the week remained 1.99% while standing at 1.54% over the month.
Stock’s fiscal year EPS is expected to rise by 12.16% while it is estimated to increase by 11.86% in next year. EPS is likely to shrink at an annualized rate of 11.81% for next 5-years, compared to annual growth of 12.18% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on March 06, 2024 offering an Overweight rating for the stock and assigned a target price of $584 to it. On April 27, 2023, Morgan Stanley Upgrade their recommendations, while on April 21, 2023, Cantor Fitzgerald Initiated their ratings for the stock with a price target of $547. Stock get an Outperform rating from RBC Capital Mkts on March 28, 2023.
