Danaher Corp (NYSE:DHR) shares, rose in value on Thursday, February 13, with the stock price up by 0.70% to the previous day’s close as strong demand from buyers drove the stock to $203.59.
Actively observing the price movement in the last trading, the stock closed the session at $202.18. The PE ratio was 38.51 over 12-month period. Referring to stock’s 52-week performance, its high was $281.70, and the low was $196.80. On the whole, DHR has fluctuated by -14.32% over the past month.
With the market capitalization of Danaher Corp currently standing at about $147.05 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 1.08, with its dividend yield at 0.53%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 24.14B, with a low estimate of 5.49B and a high estimate of 5.92B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.57B.
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 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 4.51, with the price of DHR currently trading nearly -9.46% and -11.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 26.11, while the 7-day volatility ratio is showing 2.38% which for the 30-day chart, stands at 2.64%. Furthermore, Danaher Corp (DHR)’s beta value is 0.82, and its average true range (ATR) is 6.05.
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 0.70% in last session, and over the past year, it shrunk by -17.52%%.
Data on historical trading for Danaher Corp (NYSE:DHR) indicates that the trading volumes over the past 3 months, they’ve averaged 3.73 million. According to company’s latest data on outstanding shares, there are 719.10 million shares outstanding.
Nearly 4.06% of Danaher Corp’s shares belong to company insiders and institutional investors own 80.34% of the company’s shares. The stock has fallen by -11.31% 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.
