Unitedhealth Group Inc (NYSE:UNH) shares, rose in value, with the stock price up by 0.05% to the previous day’s close as strong demand from buyers drove the stock to $516.02.
Actively observing the price movement in the recent trading, the stock is buoying the session at $515.76, falling within a range of $510.7398 and $519.39. The value of beta (5-year monthly) is 0.591 whereas the PE ratio is 33.52 over 12-month period. Referring to stock’s 52-week performance, its high was $630.73, and the low was $436.38. On the whole, UNH has fluctuated by -14.83% over the past month.
With the market capitalization of Unitedhealth Group Inc currently standing at about $474.89 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 8.18, with its dividend yield at 1.59%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 400.98B, with a low estimate of 100.48B and a high estimate of 104.14B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 101.76B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that UNH’s technical picture suggests that short-term indicators denote the stock is a 50% Sell 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 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.58, with the price of UNH currently trading nearly -11.21% and -11.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 29.23, while the 7-day volatility ratio is showing 4.18% which for the 30-day chart, stands at 2.73%. Furthermore, Unitedhealth Group Inc (UNH)’s beta value is 0.60, and its average true range (ATR) is 16.92.
A comparison of Unitedhealth Group Inc (UNH) with its peers suggests the former has fared considerably weaker in the market. UNH showed an intraday change of 0.05% in today’s session so far, and over the past year, it shrunk by -6.01%%.
Data on historical trading for Unitedhealth Group Inc (NYSE:UNH) indicates that the trading volumes over the past 10 days have averaged 6.36 and over the past 3 months, they’ve averaged 3.74 million. According to company’s latest data on outstanding shares, there are 923.00 million shares outstanding.
Nearly 0.23% of Unitedhealth Group Inc’s shares belong to company insiders and institutional investors own 89.65% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.92 million shares as on 2024-11-29, resulting in a short ratio of 2.45. According to the data, the short interest in Unitedhealth Group Inc (UNH) stood at 86.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 7.06 million. The stock has fallen by -1.98% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UNH stock heading into the next quarter.
