Cvs Health Corp Stock Price on May 9, 2024
| CVS Stock | USD 57.68 0.16 0.28% |
Below is the normalized historical share price chart for CVS Health Corp extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of CVS Health stands at 57.68, as last reported on the 20th of May, with the highest price reaching 57.70 and the lowest price hitting 57.08 during the day.
If you're considering investing in CVS Stock, it is important to understand the factors that can impact its price. CVS Health Corp secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of volatility over the last 3 months. CVS Health Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CVS Health's risk adjusted performance of (0.08), and Mean Deviation of 1.23 to double-check the risk estimate we provide.
At this time, CVS Health's Total Stockholder Equity is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 262.2 B in 2024, despite the fact that Other Stockholder Equity is likely to grow to (32.1 B). . At this time, CVS Health's Price To Operating Cash Flows Ratio is comparatively stable compared to the past year. Price To Free Cash Flows Ratio is likely to gain to 10.25 in 2024, whereas Price Earnings Ratio is likely to drop 11.55 in 2024. CVS Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 17th of December 1984 | 200 Day MA 71.4521 | 50 Day MA 68.9694 | Beta 0.552 |
CVS |
Sharpe Ratio = -0.1556
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| Negative Returns | CVS |
Estimated Market Risk
| 2.49 actual daily | 22 78% of assets are more volatile |
Expected Return
| -0.39 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average CVS Health is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of CVS Health by adding CVS Health to a well-diversified portfolio.
Price Book 1.1315 | Enterprise Value Ebitda 8.4876 | Price Sales 0.2426 | Shares Float 1.3 B | Dividend Share 2.48 |
CVS Health Main Headline on 9th of May 2024
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages CVS Health Co... by businesswire.com
WHY Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of CVS Hea
CVS Health Valuation on May 9, 2024
It is possible to determine the worth of CVS Health on a given historical date. On May 9, 2024 CVS was worth 54.9 at the beginning of the trading date compared to the closed value of 55.68. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CVS Health stock. Still, in general, we apply an absolute valuation method to find CVS Health's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of CVS Health where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CVS Health's related companies.
| Open | High | Low | Close | Volume | |
| 55.79 | 56.06 | 54.69 | 54.91 | 13,625,329 | |
05/09/2024 | 54.90 | 55.74 | 54.72 | 55.68 | 10,298,293 |
| 55.72 | 56.44 | 55.57 | 55.82 | 9,286,315 |
| Backtest CVS Health | | | CVS Health History | | | CVS Health Valuation | Previous | Next |
CVS Health Trading Date Momentum on May 9, 2024
| On May 10 2024 CVS Health Corp was traded for 55.82 at the closing time. Highest CVS Health's price during the trading hours was 56.44 and the lowest price during the day was 55.57 . The net volume was 9.3 M. The overall trading history on the 10th of May contributed to the next trading period price appreciation. The overall trading delta to the next next day price was 0.25% . The overall trading delta to current price is 3.54% . |
CVS Health Corp Fundamentals Correlations and Trends
By evaluating CVS Health's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among CVS Health's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CVS financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CVS Health Stock history
CVS Health investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for CVS is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CVS Health Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing CVS Health stock prices may prove useful in developing a viable investing in CVS Health
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.3 B | 984.2 M | |
| Net Income Applicable To Common Shares | 4.8 B | 3.7 B |
CVS Health Stock Technical Analysis
CVS Health technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
CVS Health Period Price Range
Low | May 9, 2024
| High |
54.90 | 55.68 |
CVS Health May 20, 2024 Market Strength
Market strength indicators help investors to evaluate how CVS Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CVS Health shares will generate the highest return on investment. By undertsting and applying CVS Health stock market strength indicators, traders can identify CVS Health Corp entry and exit signals to maximize returns
CVS Health Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CVS Health's price direction in advance. Along with the technical and fundamental analysis of CVS Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CVS to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (0.58) |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CVS Health Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for CVS Stock analysis
When running CVS Health's price analysis, check to measure CVS Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CVS Health is operating at the current time. Most of CVS Health's value examination focuses on studying past and present price action to predict the probability of CVS Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CVS Health's price. Additionally, you may evaluate how the addition of CVS Health to your portfolios can decrease your overall portfolio volatility.
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Is CVS Health's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CVS Health. If investors know CVS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CVS Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.47) | Dividend Share 2.48 | Earnings Share 5.7 | Revenue Per Share 281.151 | Quarterly Revenue Growth 0.036 |
The market value of CVS Health Corp is measured differently than its book value, which is the value of CVS that is recorded on the company's balance sheet. Investors also form their own opinion of CVS Health's value that differs from its market value or its book value, called intrinsic value, which is CVS Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CVS Health's market value can be influenced by many factors that don't directly affect CVS Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CVS Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if CVS Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CVS Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.