Labcorp Holdings Inc (NYSE:LH) shares, rose in value on Friday, March 07, with the stock price down by -0.41% to the previous day’s close as strong demand from buyers drove the stock to $253.03.
Actively observing the price movement in the last trading, the stock closed the session at $254.07. The PE ratio was 28.64 over 12-month period. Referring to stock’s 52-week performance, its high was $258.59, and the low was $191.97. On the whole, LH has fluctuated by 1.22% over the past month.
With the market capitalization of Labcorp Holdings Inc currently standing at about $21.18 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 2.88, with its dividend yield at 1.14%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 13.92B, with a low estimate of 3.34B and a high estimate of 3.45B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.41B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LH’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 2.77, with the price of LH currently trading nearly 1.42% and 4.10% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.10, while the 7-day volatility ratio is showing 1.76% which for the 30-day chart, stands at 1.79%. Furthermore, Labcorp Holdings Inc (LH)’s beta value is 0.96, and its average true range (ATR) is 4.50.
A comparison of Labcorp Holdings Inc (LH) with its peers suggests the former has fared considerably weaker in the market. LH showed an intraday change of -0.41% in last session, and over the past year, it grew by 17.06%%.
Data on historical trading for Labcorp Holdings Inc (NYSE:LH) indicates that the trading volumes over the past 3 months, they’ve averaged 571.38K. According to company’s latest data on outstanding shares, there are 83.40 million shares outstanding.
Nearly 0.36% of Labcorp Holdings Inc’s shares belong to company insiders and institutional investors own 94.75% of the company’s shares. The stock has risen by 10.34% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LH stock heading into the next quarter.
