IQVIA Holdings Inc (NYSE:IQV) shares, rose in value, with the stock price up by 0.38% to the previous day’s close as strong demand from buyers drove the stock to $234.88.
Actively observing the price movement in the last trading, the stock closed the session at $233.98. The PE ratio was 32.17 over 12-month period. Referring to stock’s 52-week performance, its high was $261.73, and the low was $167.42. On the whole, IQV has fluctuated by -7.00% 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 15.53B, with a low estimate of 3.66B and a high estimate of 3.74B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.7B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IQV’s technical picture suggests that short-term indicators denote the stock is a Hold 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 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.80, with the price of IQV currently trading nearly -1.23% and -4.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.33, while the 7-day volatility ratio is showing 2.63% which for the 30-day chart, stands at 2.26%. Furthermore, IQVIA Holdings Inc (IQV)’s beta value is 1.52, and its average true range (ATR) is 5.71.
A comparison of IQVIA Holdings Inc (IQV) with its peers suggests the former has fared considerably weaker in the market. IQV showed an intraday change of 0.38% in last session, and over the past year, it grew by 23.63%%.
Data on historical trading for IQVIA Holdings Inc (NYSE:IQV) indicates that the trading volumes over the past 3 months, they’ve averaged 957.07K. According to company’s latest data on outstanding shares, there are 181.50 million shares outstanding.
Nearly 1.14% of IQVIA Holdings Inc’s shares belong to company insiders and institutional investors own 91.10% of the company’s shares. The stock has risen by 1.51% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IQV stock heading into the next quarter.
