Danaher Corp. (NYSE:DHR) price closed higher on Tuesday, April 16, jumping 0.28% above its previous close.
A look at the daily price movement shows that the last close reads $239.66. The company’s 5Y monthly beta was ticking 0.86 while its P/E ratio in the trailing 12-month period read 37.65. Taking into account the 52-week price action we note that the stock hit a 52-week high of $259.00 and 52-week low of $182.09. The stock subtracted -3.63% on its value in the past month.
Danaher Corp., which has a market valuation of $177.98 billion, is expected to release its quarterly earnings report Apr 23, 2024. The company stock has a Forward Dividend ratio of 1.05, while the dividend yield is 0.44%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give DHR a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 5.52. The overview shows that DHR’s price is at present -2.86% off the SMA20 and -3.64% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 39.04, with weekly volatility standing at 1.57%. The indicator jumps to 1.58% when calculated based on the past 30 days. Danaher Corp. (NYSE:DHR)’s beta value is holding at 0.84, while the average true range (ATR) indicator is currently reading 4.32.
An analysis of the Danaher Corp. (NYSE:DHR) stock in terms of its daily trading volume indicates that the 3-month average is 2.65 million.
Current records show that the company has 739.20M in outstanding shares. The insiders’ percentage holdings are 8.83% of outstanding shares while the percentage share held by institutions stands at 81.77%. But the 3.89% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
