HCA Healthcare Inc (NYSE: HCA) Surged 1.88%, So What Now?

HCA Healthcare Inc (NYSE:HCA) shares, rose in value, with the stock price up by 1.88% to the previous day’s close as strong demand from buyers drove the stock to $394.54.

Actively observing the price movement in the last trading, the stock closed the session at $387.25, falling within a range of $390.04 and $395.63. The value of beta (5-year monthly) was 1.677 whereas the PE ratio was 18.51 over 12-month period. Referring to stock’s 52-week performance, its high was $409.42, and the low was $215.96. On the whole, HCA has fluctuated by 0.73% over the past month.

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With the market capitalization of HCA Healthcare Inc currently standing at about $101.82 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-25. The company’s Forward Dividend Ratio is 2.58, with its dividend yield at 0.65%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 70.92B, with a low estimate of 17.21B and a high estimate of 17.82B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 17.54B.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HCA’s technical picture suggests that short-term indicators denote the stock is a 50% 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 1.54, with the price of HCA currently trading nearly -0.87% and 2.11% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.27, while the 7-day volatility ratio is showing 2.58% which for the 30-day chart, stands at 1.99%. Furthermore, HCA Healthcare Inc (HCA)’s beta value is 1.68, and its average true range (ATR) is 8.23.

A comparison of HCA Healthcare Inc (HCA) with its peers suggests the former has fared considerably weaker in the market. HCA showed an intraday change of 1.88% in last session, and over the past year, it grew by 61.65%%.

Data on historical trading for HCA Healthcare Inc (NYSE:HCA) indicates that the trading volumes over the past 10 days have averaged 1.12 and over the past 3 months, they’ve averaged 1.20 million. According to company’s latest data on outstanding shares, there are 265.54 million shares outstanding.

Nearly 28.06% of HCA Healthcare Inc’s shares belong to company insiders and institutional investors own 65.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.68 million shares as on 2024-09-30, resulting in a short ratio of 2.23. According to the data, the short interest in HCA Healthcare Inc (HCA) stood at 143.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 3.05 million. The stock has risen by 45.76% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HCA stock heading into the next quarter.

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