Elevance Health Inc (NYSE: ELV) is 11.30% higher on its value in year-to-date trading and has touched a low of $412.00 and a high of $542.07 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ELV stock was last observed hovering at around $528.58 in the last trading session, with the day’s loss setting it -3.74%.
Currently trading at $524.84, the stock is 1.37% and 2.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing -0.71% at the moment leaves the stock 9.89% off its SMA200. ELV registered 11.13% gain for a year compared to 6-month gain of 17.15%.
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The stock witnessed a 5.13% loss in the last 1 month and extending the period to 3 months gives it a 6.36%, and is -1.67% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.54% over the week and 1.74% over the month.
Elevance Health Inc (ELV) has around 104900 employees, a market worth around $121.98B and $171.75B in sales. Current P/E ratio is 19.83 and Fwd P/E is 12.61. Profit margin for the company is 3.64%. Distance from 52-week low is 27.39% and -3.18% from its 52-week high. The company has generated returns on investments over the last 12 months (9.98%).
The EPS is expected to grow by 12.46% this year
The shares outstanding are 233.07M, and float is at 231.26M with Short Float at 0.84%.
Elevance Health Inc (ELV) Insider Activity
The most recent transaction is an insider sale by Norwood Felicia F, the company’s EVP & President,Gov Health Ben. SEC filings show that Norwood Felicia F sold 6,199 shares of the company’s common stock on Apr 24 ’24 at a price of $532.44 per share for a total of $3.3 million. Following the sale, the insider now owns 27304.0 shares.
Elevance Health Inc disclosed in a document filed with the SEC on Apr 23 ’24 that Norwood Felicia F (EVP & President,Gov Health Ben) sold a total of 14,111 shares of the company’s common stock. The trade occurred on Apr 23 ’24 and was made at $533.74 per share for $7.53 million. Following the transaction, the insider now directly holds 31460.0 shares of the ELV stock.
Still, SEC filings show that on Mar 08 ’24, Kendrick Charles Morgan JR (EVP & President, Commercial) disposed off 2,432 shares at an average price of $500.46 for $1.22 million. The insider now directly holds 15,840 shares of Elevance Health Inc (ELV).
