DaVita Inc (DVA) stock poised to deliver a potential drop of -23.88%

DaVita Inc [DVA] stock prices are down -1.20% to $126.11 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DVA shares have lost -4.03% over the last week, with a monthly amount drifted -8.83%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

DaVita Inc [NYSE: DVA] stock has seen the most recent analyst activity on March 06, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $133. Previously, UBS upgraded its rating to Buy on August 07, 2023, and elevated its price target to $142. On November 01, 2022, downgrade downgraded it’s rating to Hold and revised its price target to $72 on the stock. UBS downgraded its rating to a Neutral and decreased its price target to $74 on October 31, 2022. BofA Securities reiterated a Underperform rating for this stock on June 21, 2022, and downed its price target to $90. In a note dated September 10, 2021, Cowen initiated an Market Perform rating and provided a target price of $145 on this stock.

The stock price of DaVita Inc [DVA] has been fluctuating between $71.51 and $141.54 over the past year. Currently, Wall Street analysts expect the stock to reach $96 within the next 12 months. DaVita Inc [NYSE: DVA] shares were valued at $126.11 at the most recent close of the market. An investor can expect a potential drop of -23.88% based on the average DVA price forecast.

Analyzing the DVA fundamentals

The DaVita Inc [NYSE:DVA] reported sales of 12.14B for trailing twelve months, representing a surge of 7.85%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.73 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 8.11.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 124.98 points at the first support level, and at 123.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 127.91, and for the 2nd resistance point, it is at 129.70.

Ratios To Look Out For

It’s worth pointing out that DaVita Inc [NYSE:DVA]’s Current Ratio is 1.19. Further, the Quick Ratio stands at 1.13, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 0.91, the price to book ratio is 10.61 and price to earnings (TTM) ratio is 17.02.

Transactions by insiders

Recent insider trading involved Rodriguez Javier, Chief Executive Officer, that happened on Feb 27 ’24 when 7397.0 shares were sold. Chief Executive Officer, Rodriguez Javier completed a deal on Feb 26 ’24 to sell 67603.0 shares. Meanwhile, Chief Operating Officer, DKC STAFFIERI MICHAEL DAVID sold 29488.0 shares on Feb 21 ’24.

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