Mckesson Corporation (NYSE:MCK) shares, rose in value, with the stock price up by 0.62% to the previous day’s close as strong demand from buyers drove the stock to $543.30.
Actively observing the price movement in the last trading, the stock closed the session at $539.94. The PE ratio was 24.63 over 12-month period. Referring to stock’s 52-week performance, its high was $543.00, and the low was $352.34. On the whole, MCK has fluctuated by 0.75% over the past month.
The company’s Forward Dividend Ratio is 2.40, with its dividend yield at 0.44%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 311.94B, with a low estimate of 77.7B and a high estimate of 81.12B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 79.35B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MCK’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.32, with the price of MCK currently trading nearly 2.40% and 3.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.84, while the 7-day volatility ratio is showing 1.74% which for the 30-day chart, stands at 1.59%. Furthermore, Mckesson Corporation (MCK)’s beta value is 0.45, and its average true range (ATR) is 8.78.
A comparison of Mckesson Corporation (MCK) with its peers suggests the former has fared considerably weaker in the market. MCK showed an intraday change of 0.62% in last session, and over the past year, it grew by 51.24%%.
Data on historical trading for Mckesson Corporation (NYSE:MCK) indicates that the trading volumes over the past 3 months, they’ve averaged 680.36K. According to company’s latest data on outstanding shares, there are 136.00 million shares outstanding.
Nearly 0.06% of Mckesson Corporation’s shares belong to company insiders and institutional investors own 86.88% of the company’s shares. The stock has risen by 17.35% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MCK stock heading into the next quarter.
