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Charting the Course: CVS Health Corp’s CVS Stock Prospects

The stock market performance of CVS Health Corp has been very steady. Over the last year, the company’s stock hit its highest at $83.25 on 01/08/24, while the lowest price during the same time frame was $64.41, recorded on 11/01/23.

52-week price history of CVS Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. CVS Health Corp’s current trading price is -4.77% away from its 52-week high, while its distance from the 52-week low is 23.08%. The stock’s price range during this period has fluctuated between $64.41 and $83.25. Shares of the company, which operates in the Healthcare sector, recorded a trading volume of around 3.6 million for the day, which was evidently lower than the average daily volume of 11.0 million over the last three months.

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Financial Performance and Market Capitalization

CVS Health Corp (CVS) has experienced a quarterly rise of 0.35% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 99.76B and boasts a workforce of 300000 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 74.58, with a change in price of +10.22. Similarly, CVS Health Corp recorded 9,790,146 in trading volume during the last 100 days, posting a change of +14.87%.

CVS Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for CVS stands at 1.04. Similarly, the long-term debt-to-equity ratio is also 0.98.

CVS Stock Stochastic Average

CVS Health Corp’s raw stochastic average for the past 50 days is currently at 89.39%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 85.04%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 88.34% and 87.63%, respectively.

CVS Stock Price Performance Analysis

The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. This year’s metric has recorded a Price increase of 0.40%. However, over the past six months, we’ve seen a weaker performance of 11.14%. The price of CVS fallen by 3.94% over the last 30 days. And in the last five days, it has surged by 0.37%.

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