Unitedhealth Group Inc (NYSE:UNH) traded at $483.70 at close of the session on Tuesday, April 30, made a downward move of -1.09% on its previous day’s price.
Looking at the stock we see that its previous close was $489.03 . The company has a trailing 12-month PE ratio of 29.55. In terms of its 52-week price range, UNH has a high of $554.70 and a low of $436.38. The company’s stock has lost about -1.23% over that past 30 days.
Unitedhealth Group Inc has a market cap of $445.04 billion. With its Forward Dividend at 7.52 and a yield of 1.55%, the company’s investors could be anxious for the UNH stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $6.72, with the EPS growth for the year raised at $27.62 for 2024 and $31.06 for next year. These figures represent 19.30% and 12.50% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $98.74 billion, with a low of $97.26 billion and a high of $99.82 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $398.23 billion, or 16.30% up from figures reported last year.
On the other hand, looking at the outlook for the UNH stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note that the PEG ratio for the UNH stock currently stands at 2.29, and the current price level is 2.84% off its SMA20 and -0.42% from its 50-day simple moving average. The RSI (14) is pointing at 51.54 while the volatility over the past week is 1.66% and jumps to 1.97% over the past one month. The beta value is 0.56, while the average true range (ATR) is currently pointing at 10.80.
Coming back to Unitedhealth Group Inc (NYSE:UNH), we note that the average 3-month trading volume was 4.45 million. Current shares outstanding are 924.00 million.
The insiders hold 0.18% of the company’s shares while institutions hold 90.34%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -8.12% down in year-to-date price movement.
