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Quest Diagnostics, Inc. (DGX) Volatility At 1.93%, Should You Add A Position?

MQ Stock

Quest Diagnostics, Inc. (NYSE: DGX) is 1.86% higher on its value in year-to-date trading and has touched a low of $119.59 and a high of $145.62 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 DGX stock was last observed hovering at around $138.36 in the last trading session, with the day’s gains setting it 2.09%.

Currently trading at $140.45, the stock is 1.31% and 0.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.72 million and changing 1.51% at the moment leaves the stock 5.91% off its SMA200. DGX registered 0.49% gain for a year compared to 6-month gain of -0.81%.

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The stock witnessed a -1.33% loss in the last 1 month and extending the period to 3 months gives it a 5.80%, and is 2.79% up 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 1.93% over the week and 1.63% over the month.

Quest Diagnostics, Inc. (DGX) has around 48000 employees, a market worth around $15.60B and $9.29B in sales. Current P/E ratio is 18.90 and Fwd P/E is 14.80. Profit margin for the company is 9.07%. Distance from 52-week low is 17.44% and -3.55% from its 52-week high. The company has generated returns on investments over the last 12 months (7.85%).

The EPS is expected to grow by 1.40% this year

The shares outstanding are 111.00M, and float is at 110.55M with Short Float at 2.14%.

Quest Diagnostics, Inc. (DGX) Insider Activity

The most recent transaction is an insider sale by KUPPUSAMY KARTHIK, the company’s SVP, Clinical Solutions. SEC filings show that KUPPUSAMY KARTHIK sold 1,760 shares of the company’s common stock on Apr 29 ’24 at a price of $140.00 per share for a total of $0.25 million. Following the sale, the insider now owns 13435.0 shares.

Quest Diagnostics, Inc. disclosed in a document filed with the SEC on Feb 29 ’24 that PREVOZNIK MICHAEL E (SVP & General Counsel) sold a total of 5,611 shares of the company’s common stock. The trade occurred on Feb 29 ’24 and was made at $125.88 per share for $0.71 million. Following the transaction, the insider now directly holds 38478.0 shares of the DGX stock.

Still, SEC filings show that on Feb 29 ’24, Doherty Catherine T. (EVP, Regional Businesses) disposed off 1,187 shares at an average price of $125.88 for $0.15 million. The insider now directly holds 68,412 shares of Quest Diagnostics, Inc. (DGX).

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