Cardinal Health Stock Price Prediction

CAH Stock  USD 112.54  0.94  0.84%   
As of 28th of March 2024, The relative strength index (RSI) of Cardinal Health's share price is at 53 suggesting that the stock is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Cardinal Health, making its price go up or down.

Oversold Vs Overbought

53

 
Oversold
 
Overbought
Cardinal Health stock price prediction is an act of determining the future value of Cardinal Health shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Cardinal Health's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Cardinal Health and does not consider all of the tangible or intangible factors available from Cardinal Health's fundamental data. We analyze noise-free headlines and recent hype associated with Cardinal Health, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting Cardinal Health's stock price prediction:
Quarterly Earnings Growth
(0.95)
EPS Estimate Next Quarter
1.9
EPS Estimate Current Year
7.3
EPS Estimate Next Year
8.01
Wall Street Target Price
115.29
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Cardinal Health based on different types of headlines from major news networks to social media. The Cardinal stock price prediction module provides an analysis of price elasticity to changes in media outlook on Cardinal Health over a specific investment horizon. Using Cardinal Health hype-based prediction, you can estimate the value of Cardinal Health from the perspective of Cardinal Health response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Cardinal Health using Cardinal Health's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Cardinal using crowd psychology based on the activity and movement of Cardinal Health's stock price.

Cardinal Health Short Interest

A significant increase or decrease in Cardinal Health's short interest from the previous month could be a good indicator of investor sentiment towards Cardinal. Short interest can provide insight into the potential direction of Cardinal Health stock and how bullish or bearish investors feel about the market overall. An investor who is long Cardinal Health may also wish to track short interest. As short interest increases, investors should be becoming more worried about Cardinal Health and may potentially protect profits, hedge Cardinal Health with its derivative instruments, or be ready for some potential downside.
200 Day MA
98.3369
Short Percent
0.0585
Short Ratio
3.88
Shares Short Prior Month
6.8 M
50 Day MA
108.2858

Cardinal Health Hype to Price Pattern

Investor biases related to Cardinal Health's public news can be used to forecast risks associated with an investment in Cardinal. The trend in average sentiment can be used to explain how an investor holding Cardinal can time the market purely based on public headlines and social activities around Cardinal Health. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Cardinal Health's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Cardinal Health.

Cardinal Health Implied Volatility

    
  174.38  
Cardinal Health's implied volatility exposes the market's sentiment of Cardinal Health stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cardinal Health's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cardinal Health stock will not fluctuate a lot when Cardinal Health's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Cardinal Health. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Cardinal Health to buy its stock at a price that has no basis in reality. In that case, they are not buying Cardinal because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.

Cardinal Health after-hype prediction price

    
  USD 112.35  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.

Prediction based on Rule 16 of the current Cardinal contract

Based on the Rule 16, the options market is currently suggesting that Cardinal Health will have an average daily up or down price movement of about 10.9% per day over the life of the 2024-03-28 option contract. With Cardinal Health trading at USD 112.54, that is roughly USD 12.27 . If you think that the market is fully incorporating Cardinal Health's daily price movement you should consider acquiring Cardinal Health options at the current volatility level of 174.38%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
Check out Cardinal Health Basic Forecasting Models to cross-verify your projections.
For more detail on how to invest in Cardinal Stock please use our How to Invest in Cardinal Health guide.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cardinal Health's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Intrinsic
Valuation
LowRealHigh
94.2695.63123.79
Details
Naive
Forecast
LowNextHigh
109.44110.80112.17
Details
18 Analysts
Consensus
LowTargetHigh
89.7198.58109.42
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.901.962.02
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Cardinal Health. Your research has to be compared to or analyzed against Cardinal Health's peers to derive any actionable benefits. When done correctly, Cardinal Health's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Cardinal Health.

Cardinal Health After-Hype Price Prediction Density Analysis

As far as predicting the price of Cardinal Health at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Cardinal Health or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Cardinal Health, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Cardinal Health Estimiated After-Hype Price Volatility

In the context of predicting Cardinal Health's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Cardinal Health's historical news coverage. Cardinal Health's after-hype downside and upside margins for the prediction period are 110.98 and 113.72, respectively. We have considered Cardinal Health's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
112.54
110.98
Downside
112.35
After-hype Price
113.72
Upside
Cardinal Health is very steady at this time. Analysis and calculation of next after-hype price of Cardinal Health is based on 3 months time horizon.

Cardinal Health Stock Price Prediction Analysis

Have you ever been surprised when a price of a Company such as Cardinal Health is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Cardinal Health backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Cardinal Health, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.19 
1.37
  0.19 
 0.00  
9 Events / Month
5 Events / Month
In about 9 days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
112.54
112.35
0.17 
138.38  
Notes

Cardinal Health Hype Timeline

On the 28th of March Cardinal Health is traded for 112.54. The entity has historical hype elasticity of -0.19, and average elasticity to hype of competition of 0.0. Cardinal is forecasted to decline in value after the next headline, with the price expected to drop to 112.35. The average volatility of media hype impact on the company price is about 138.38%. The price depreciation on the next news is expected to be -0.17%, whereas the daily expected return is currently at 0.19%. The volatility of related hype on Cardinal Health is about 82200.0%, with the expected price after the next announcement by competition of 112.54. About 90.0% of the company shares are held by institutions such as insurance companies. The company has Price/Earnings To Growth (PEG) ratio of 0.33. Cardinal Health last dividend was issued on the 28th of March 2024. The entity had 3:2 split on the 23rd of April 2001. Considering the 90-day investment horizon the next forecasted press release will be in about 9 days.
Check out Cardinal Health Basic Forecasting Models to cross-verify your projections.
For more detail on how to invest in Cardinal Stock please use our How to Invest in Cardinal Health guide.

Cardinal Health Related Hype Analysis

Having access to credible news sources related to Cardinal Health's direct competition is more important than ever and may enhance your ability to predict Cardinal Health's future price movements. Getting to know how Cardinal Health rivals react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Cardinal Health may potentially react to the hype associated with one of its peers.

Cardinal Health Additional Predictive Modules

Most predictive techniques to examine Cardinal price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Cardinal using various technical indicators. When you analyze Cardinal charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Cardinal Health Predictive Indicators

The successful prediction of Cardinal Health stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Cardinal Health, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Cardinal Health based on analysis of Cardinal Health hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Cardinal Health's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Cardinal Health's related companies.
 2021 2022 2023 2024 (projected)
Dividend Yield0.03840.02130.0028370.002695
Price To Sales Ratio0.08030.120.290.34

Story Coverage note for Cardinal Health

The number of cover stories for Cardinal Health depends on current market conditions and Cardinal Health's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Cardinal Health is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Cardinal Health's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Cardinal Health Short Properties

Cardinal Health's future price predictability will typically decrease when Cardinal Health's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Cardinal Health often depends not only on the future outlook of the potential Cardinal Health's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Cardinal Health's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding262 M
Cash And Short Term InvestmentsB
When determining whether Cardinal Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cardinal Health's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cardinal Health Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cardinal Health Stock:
Check out Cardinal Health Basic Forecasting Models to cross-verify your projections.
For more detail on how to invest in Cardinal Stock please use our How to Invest in Cardinal Health guide.
Note that the Cardinal Health information on this page should be used as a complementary analysis to other Cardinal Health's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Complementary Tools for Cardinal Stock analysis

When running Cardinal Health's price analysis, check to measure Cardinal 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 Cardinal Health is operating at the current time. Most of Cardinal Health's value examination focuses on studying past and present price action to predict the probability of Cardinal 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 Cardinal Health's price. Additionally, you may evaluate how the addition of Cardinal Health to your portfolios can decrease your overall portfolio volatility.
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Is Cardinal 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 Cardinal Health. If investors know Cardinal 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 Cardinal 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
(0.95)
Dividend Share
1.998
Earnings Share
2.52
Revenue Per Share
859.435
Quarterly Revenue Growth
0.116
The market value of Cardinal Health is measured differently than its book value, which is the value of Cardinal that is recorded on the company's balance sheet. Investors also form their own opinion of Cardinal Health's value that differs from its market value or its book value, called intrinsic value, which is Cardinal 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 Cardinal Health's market value can be influenced by many factors that don't directly affect Cardinal 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 Cardinal Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cardinal Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cardinal 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.