Danaher Corp (NYSE:DHR) shares, rose in value on Thursday, December 12, with the stock price down by -0.38% to the previous day’s close as strong demand from buyers drove the stock to $234.50.
Actively observing the price movement in the last trading, the stock closed the session at $235.40, falling within a range of $233.41 and $236.4175. The value of beta (5-year monthly) was 0.881 whereas the PE ratio was 44.73 over 12-month period. Referring to stock’s 52-week performance, its high was $281.70, and the low was $218.48. On the whole, DHR has fluctuated by -2.13% over the past month.
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With the market capitalization of Danaher Corp currently standing at about $169.37 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.05, with its dividend yield at 0.45%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 23.74B, with a low estimate of 6.3B and a high estimate of 6.45B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.39B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DHR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 6.21, with the price of DHR currently trading nearly -0.30% and -5.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.78, while the 7-day volatility ratio is showing 1.70% which for the 30-day chart, stands at 1.85%. Furthermore, Danaher Corp (DHR)’s beta value is 0.83, and its average true range (ATR) is 4.67.
A comparison of Danaher Corp (DHR) with its peers suggests the former has fared considerably weaker in the market. DHR showed an intraday change of -0.38% in last session, and over the past year, it grew by 6.71%%.
Data on historical trading for Danaher Corp (NYSE:DHR) indicates that the trading volumes over the past 10 days have averaged 3.11 and over the past 3 months, they’ve averaged 2.76 million. According to company’s latest data on outstanding shares, there are 722.20 million shares outstanding.
Nearly 4.06% of Danaher Corp’s shares belong to company insiders and institutional investors own 80.59% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.42 million shares as on 2024-11-29, resulting in a short ratio of 1.83. According to the data, the short interest in Danaher Corp (DHR) stood at 84.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 5.21 million. The stock has risen by 1.37% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DHR stock heading into the next quarter.
