Cardinal Health (CAH) Stock Price

Financial Performance

Cardinal Health reported a revenue of $52.3B last quarter, marking a decrease of -12.7% from the previous quarter and -9% YoY. Despite the decline in revenue, there's an uptick in gross profit which stands at $1.9B, up by 5.1% QoQ and by 3% YoY. Their operating income also shows an upward trend with $568M, up by 6.8% QoQ and by 17.8% YoY. The EBITDA ratio was reported at 0.01 last quarter.

Stock Price

The stock is currently trading at $121.57 showing a growth of 2.9% over the last month and an impressive increase of 14.9% YoY which indicates investor confidence towards the company's performance despite declining revenues.The RSI value at 64 suggests that it is nearing overbought territory but isn't there yet implying that there could still be some upside potential left in the stock before it enters into overbought territory whereupon selling pressure might start building up.The stock price has consistently stayed above its long-term (200-day) moving average of $108 indicating a bullish trend.

Alternative Data Signals

The company's web traffic has increased significantly with estimated monthly visitors being around approximately 2,707,598; this represents a MoM growth rate of about +9%. Cardinal Health seems to be actively hiring with around about1000 job openings indicating possible expansion or replenishment strategies being implemented within their operations.Positive business outlook from employees stands at an encouraging figure of around about63%, suggesting positive sentiment internally within the organization.Cardinal Health's social media following on Facebook has seen a substantial increase in the last 90 days, with follower count rising by 15.4%. However, Twitter followers have slightly decreased by -0.1% over the same period.

Conclusion

In conclusion, despite some concerns about declining revenues and high PE ratio of 23.38, Cardinal Health's stock performance seems to be resilient with positive growth rates and bullish trends. The company's alternative signals such as web traffic and employee sentiment are also encouraging. Thus, the AI stock analysis is cautiously optimistic or neutral towards Cardinal Health's future performance.

Note: This AI Stock Analysis is based on data as of January 11. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Cardinal Health (CAH), currently trading at $151.6, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.