Unitedhealth Group Inc (UNH) concluded trading on Wednesday at a closing price of $500.93, with 3.19 million shares of worth about $1.6 billion changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.63% during that period and on July 10, 2024 the price saw a gain of about 1.79%. Currently the company’s common shares owned by public are about 924.00M shares, out of which, 918.58M shares are available for trading.
Stock saw a price change of 0.54% in past 5 days and over the past one month there was a price change of 2.09%. Year-to-date (YTD), UNH shares are showing a performance of -4.85% which increased to 8.18% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $436.38 but also hit the highest price of $554.70 during that period. The average intraday trading volume for Unitedhealth Group Inc shares is 4.27 million. The stock is currently trading 2.00% above its 20-day simple moving average (SMA20), while that difference is up 0.51% for SMA50 and it goes to -1.76% lower than SMA200.
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Unitedhealth Group Inc (NYSE: UNH) currently have 924.00M outstanding shares and institutions hold larger chunk of about 89.70% of that.
The stock has a current market capitalization of $461.05B and its 3Y-monthly beta is at 0.60. PE ratio of stock for trailing 12 months is 30.60, while it has posted earnings per share of $16.37 in the same period. Its PEG reads 2.40 while making debt-to-equity ratio of 0.85. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for UNH, volatility over the week remained 1.85% while standing at 1.97% over the month.
Stock’s fiscal year EPS is expected to rise by 10.26% while it is estimated to increase by 11.64% in next year. EPS is likely to shrink at an annualized rate of 12.72% for next 5-years, compared to annual growth of 14.37% 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 HSBC Securities on June 05, 2024 offering a Buy rating for the stock and assigned a target price of $580 to it. Coverage by Robert W. Baird stated Unitedhealth Group Inc (UNH) stock as an Outperform in their note to investors on May 30, 2024, suggesting a price target of $597 for the stock. On April 04, 2024, HSBC Securities Upgrade their recommendations, while on March 06, 2024, Barclays Initiated their ratings for the stock with a price target of $551. Stock get a Reduce rating from HSBC Securities on December 18, 2023.
