Technical Outlook And Game Plan For Humana Inc. (NYSE: HUM)

Humana Inc. (HUM) concluded trading on Thursday at a closing price of $251.44, with 2.44 million shares of worth about $613.1 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -20.50% during that period and on October 10, 2024 the price saw a gain of about 2.44%. Currently the company’s common shares owned by public are about 122.22M shares, out of which, 120.10M shares are available for trading.

Stock saw a price change of 4.00% in past 5 days and over the past one month there was a price change of -23.39%. Year-to-date (YTD), HUM shares are showing a performance of -45.08% which decreased to -49.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $213.31 but also hit the highest price of $530.54 during that period. The average intraday trading volume for Humana Inc. shares is 1.81 million. The stock is currently trading -12.64% below its 20-day simple moving average (SMA20), while that difference is down -23.10% for SMA50 and it goes to -29.15% lower than SMA200.

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Humana Inc. (NYSE: HUM) currently have 122.22M outstanding shares and institutions hold larger chunk of about 95.55% of that.

The stock has a current market capitalization of $30.27B and its 3Y-monthly beta is at 0.51. PE ratio of stock for trailing 12 months is 17.92, while it has posted earnings per share of $14.03 in the same period. Its PEG reads 3.58 while making debt-to-equity ratio of 0.77. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HUM, volatility over the week remained 2.69% while standing at 3.62% over the month.

Stock’s fiscal year EPS is expected to drop by -38.06% while it is estimated to increase by 22.41% in next year. EPS is likely to shrink at an annualized rate of 5.00% for next 5-years, compared to annual growth of 10.46% 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 Bernstein on October 08, 2024 offering an Outperform rating for the stock and assigned a target price of $308 to it. Coverage by TD Cowen stated Humana Inc. (HUM) stock as a Hold in their note to investors on October 07, 2024, suggesting a price target of $261 for the stock. On October 07, 2024, Jefferies Downgrade their recommendations, while on October 03, 2024, Piper Sandler Downgrade their ratings for the stock with a price target of $274. Stock get an Equal-weight rating from Stephens on October 02, 2024.

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