A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Cardinal Health, Inc’s current trading price is -0.76% away from its 52-week high, while its distance from the 52-week low is 26.89%. The stock’s price range for this time frame has been between $93.17 and $119.12. The trading volume of the company’s shares in the Healthcare reached around 2.9 million for the day, which was evidently higher than the average daily volume of 1.92 million over the last three months.
Cardinal Health, Inc’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $119.12 on 11/07/24, and the lowest price during that time was $93.17, recorded on 07/15/24.
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How Financial Performance Impacts Market Capitalization
Cardinal Health, Inc (CAH) has experienced a quarterly rise of 17.43% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 28.61B and boasts a workforce of 48900 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 106.52, with a change in price of +17.27. Similarly, Cardinal Health, Inc recorded 1,982,661 in trading volume during the last 100 days, posting a change of +17.11%.
CAH Stock Stochastic Average
The raw stochastic average for Cardinal Health, Inc over the last 50 days is presently at 89.57%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 89.21%. Further, the company’s Stochastic %K and %D values for the last 20 days were 70.36% and 60.04%, respectively.
CAH Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The metric has seen a significant gain of 17.28% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 20.56%. Over the past 30 days, the price of CAH has fallen by 3.21%. And in the last five days, it has surged by 8.94%.
