Henry Schein Inc. (NASDAQ:HSIC) shares, rose in value, with the stock price up by 0.43% to the previous day’s close as strong demand from buyers drove the stock to $73.13.
Actively observing the price movement in the last trading, the stock closed the session at $72.82. The PE ratio was 23.21 over 12-month period. Referring to stock’s 52-week performance, its high was $83.15, and the low was $60.01. On the whole, HSIC has fluctuated by -2.69% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 13.42B, with a low estimate of 3.1B and a high estimate of 3.28B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.21B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HSIC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 3.20, with the price of HSIC currently trading nearly 1.16% and -1.42% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.57, while the 7-day volatility ratio is showing 1.76% which for the 30-day chart, stands at 1.71%. Furthermore, Henry Schein Inc. (HSIC)’s beta value is 0.86, and its average true range (ATR) is 1.32.
A comparison of Henry Schein Inc. (HSIC) with its peers suggests the former has fared considerably weaker in the market. HSIC showed an intraday change of 0.43% in last session, and over the past year, it shrunk by -9.95%%.
Data on historical trading for Henry Schein Inc. (NASDAQ:HSIC) indicates that the trading volumes over the past 3 months, they’ve averaged 1.11 million. According to company’s latest data on outstanding shares, there are 129.25 million shares outstanding.
Nearly 1.45% of Henry Schein Inc.’s shares belong to company insiders and institutional investors own 98.32% of the company’s shares. The stock has fallen by -3.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HSIC stock heading into the next quarter.
