The company's fundamentals are relatively stable. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite a weak stock market performance, the company shows strong technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
The company's current financial score is 4.84, which is lower than the Healthcare Providers & Services industry's average of 7.24. Its financial status is weak, and its operating efficiency is low. Its latest quarterly revenue reached 50.71B, representing a year-over-year increase of 12.33%, while its net profit experienced a year-over-year increase of 17.03%.
Key Metrics
The company’s current valuation score is 6.88, which is lower than the Healthcare Providers & Services industry's average of 7.09. Its current P/E ratio is 13.09, which is 57.02% below the recent high of 20.55 and 11.21% above the recent low of 11.62.
The company’s current earnings forecast score is 7.58, which is lower than the Healthcare Providers & Services industry's average of 7.60. The average price target for Elevance Health Inc is 394.00, with a high of 491.21 and a low of 297.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The company’s current price momentum score is 6.34, which is lower than the Healthcare Providers & Services industry's average of 6.80. Sideways: Currently, the stock price is trading between the resistance level at 350.61 and the support level at 307.54, making it suitable for range-bound swing trading.
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The company’s current institutional recognition score is 10.00, which is higher than the Healthcare Providers & Services industry's average of 6.96. The latest institutional shareholding proportion is 92.93%, representing a quarter-over-quarter decrease of 2.81%. The largest institutional shareholder is The Vanguard, holding a total of 22.75M shares, representing 10.24% of shares outstanding, with 11.02% increase in holdings.
The company’s current risk assessment score is 8.31, which is higher than the Healthcare Providers & Services industry's average of 5.45. The company's beta value is 0.59. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets.
