Cencora Inc (NYSE:COR) shares, rose in value, with the stock price down by -3.23% to the previous day’s close as strong demand from buyers drove the stock to $294.73.
Actively observing the price movement in the recent trading, the stock is buoying the session at $304.58. The PE ratio was 34.20 over 12-month period. Referring to stock’s 52-week performance, its high was $309.35, and the low was $214.77. On the whole, COR has fluctuated by 7.28% over the past month.
With the market capitalization of Cencora Inc currently standing at about $57.15 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 2.12, with its dividend yield at 0.72%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that COR’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 3.03, with the price of COR currently trading nearly 2.35% and 7.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.14, while the 7-day volatility ratio is showing 2.21% which for the 30-day chart, stands at 2.44%. Furthermore, Cencora Inc (COR)’s beta value is 0.59, and its average true range (ATR) is 7.10.
A comparison of Cencora Inc (COR) with its peers suggests the former has fared considerably weaker in the market. COR showed an intraday change of -3.23% in today’s session so far, and over the past year, it grew by 31.55%%.
Data on historical trading for Cencora Inc (NYSE:COR) indicates that the trading volumes over the past 3 months, they’ve averaged 1.79 million. According to company’s latest data on outstanding shares, there are 193.78 million shares outstanding.
Nearly 5.72% of Cencora Inc’s shares belong to company insiders and institutional investors own 91.44% of the company’s shares. The stock has risen by 31.18% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the COR stock heading into the next quarter.
