Taking a Look at the Data Behind CVS Health Corporation (CVS)

CVS Health Corporation (CVS) is an interesting player in the Healthcare space, with a focus on Health Care Plans. The stock has been active on the tape, currently trading at $68.41, up from yesterday’s close by 3.10%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

CVS Health Corporation (CVS) currently trades with a market capitalization of $69.50 Billion. That value represents a market adjusting for revenues that have been growing by 2.65 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $4.89 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $1.61 on a per share basis this quarter. Perhaps, that suggests something about why 0.46% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, CVS Health Corporation recorded a 52-week high of $84.00. It is now trading 15.59% off that level. The stock is trading $65.20 its 50-day moving average by -3.21%. The stock carved out a 52-week low down at $60.14.

In recent action, CVS Health Corporation (CVS) has made a move of +3.90% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.57, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 4.50% with $1.01 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CVS.

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