Costco Wholesale Corporation (NASDAQ:COST) has its shares plummet by -5.68% or $16.16 from its all-time high of $284.31. The drop in the price of the shares saw it stand at $268.15 per share. COST has been trading at a low of $189.51 over the past one year but it surged by 41.5% or $78.64 to reach the $268.15 mark. Following the massive rise in stock price, COST received more attention from investors and analysts. On Wednesday, the stock dipped by -2.94%, which caused investors and analysts to worry about it. Following the plunge in price, the COST beta stands at 0.96, implying that its volatility level has gone down by 0.04 back of the general market. A look at the stock’s 200-day moving average shows that it is 12.79% above while its 50-day moving average shows that it is currently -0.47% below. Compared to 1.73% average daily volatility of past month, the stock’s average volatility for this week has increased by 0.39 as the volatility level currently stands at 2.12%.
Over the past seven days, the stock has witnessed a price dip by -2.24%. This massive drop in stock price has caught the attention of both investors and market traders. The stock has performed excellently over the past 52 weeks, rising by 22.13% during that time frame and is now up by 31.63% since this point this year. COST has fell by -4.45% over the past 30 days, with its equity price gaining% of its value over the past ninety days. These figures add up to see the stock record a growth of 26.01% over the past six months.
Market analysts from research firms still remain bullish about the short-term performance of COST. Most of them are of the view that the stock would be able to reach $271.38 over the next 12 months. If that happens, then the stock would witness a 1.2% rise in its price and that would see the stock’s market cap hit an astonishing $120 Billion. Analysts view this stock as a bearish at the moment as its average rating is 2.2. According to Reuters, most of the 30 analysts covering the stock at the moment believe it is a Buy. 12 of them rated COST as a Hold while 18 of them either rated it as a Buy or a Strong Buy. However, 0 of them advised investors to sell the stock if they have it or shouldn’t buy it if they don’t possess any.
The stock’s technical analysis reveals that its 14-day Relative Strength Index (RSI) is currently in a neutral position as it was able to attain 42.9 points. Over the past three months, the trading volume has jumped massively, by roughly ????118.45%???, with the trading volume now standing at 2099426 shares. The increase of 349426 shares in trading volume shows that traders and investors have shown more interest in the stock over the past few weeks. During that trading session, the average trading volume of COST was 1750000 shares, which is more than 1.2 times higher than its usual trading volume.
Analysts have set a 1-year price target for this stock, with most of them expecting it to reach $151.88/share over the next 12 months. If that happens, then HCA would witness a 23.21% rise from its current price. The price of the stock has been moving between $122.54 and $126.49. Not all analysts believe it would hit that target though, as some of them expect it to trade lower, as low as $128 per share. In the same breath, one analyst believes that the stock is set to soar even higher than expected, as the price target was set at $175.
The stock is currently neutral as its Stochastic Oscillator (%D) is at 33.43%, which implies that a stability in price will be experienced for a while. Its shares P/S ratio is below the 17.61 industry average and below the 7.91 by the wider market, as HCA’s P/S ratio currently stands at 0.85. The stock’s estimated price-earnings (P/E) multiple is 10.84 which is also below the 12-month price-earnings (P/E) which stands at 12.96. HCA Healthcare, Inc. has experienced a rise in its earnings, recording an increase rate of 22% in each quarter over the past five years.
The stock has an average rating of 2 which means that it has been rated as a Buy by most analysts. The stock is being covered by 26 analysts who gave a consensus recommendation of 2 which implies that it is currently in a bull/bear situation. Reuters looked into analysts covering HCA Healthcare, Inc., and 4 of them believe that the stock is a Hold at the moment. 22 of the analysts rated it as a Buy or a Strong Buy while the remaining analysts (2) rated it as a sell at the moment.