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- 1 The year-to-date return of UnitedHealth Group stock is -6.28% while the three-month return is +2.92%
- 2 UnitedHealth stock price trades above the major daily moving averages.
- 3 UnitedHealth Group Inc. (NYSE: UNH) stock’s 52-week price range is around $445 – $558.
UnitedHealth Group offers healthcare services and software. It has four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. UnitedHealthcare coordinates and simplifies patient care. OptumHealth provides wellness care. OptumInsight uses data and technology for healthcare solutions. OptumRx delivers pharmacy care. The company was started in 1977 in Minnesota.
The UnitedHealth stock has a CMP of $492.13 and an intraday gain of 2.39%. The stock’s average volume for the last 10 days is 2.786 million shares and its current volume is 3.725 million.
The UNH stock has a float of 922.911 million shares and a market cap of $455.863 Billion. The UnitedHealth stock’s earnings per share (EPS) for the trailing twelve months (TTM) is 22.63 and its price-to-earnings ratio (P/E) for the same period is 21.50.
The UNH stock’s dividend yield for the TTM is 1.42% and its last dividend payment was $1.88 per share. The last ex-dividend date was September 8th, 2023 and its payout ratio is 30.56%.
The UnitedHealth stock has been increasing its dividend amount every year and the dividend in the last five years grew from $3.45 to $6.40 per share. This indicates that the company is strong and reliable in terms of its fundamentals and financials and has a long-term potential for growth in its share price.
The UNH stock’s revenue and net income have been rising every quarter according to its income statement. The latest quarterly report for the period ending June 2023 showed a revenue of $92.90 Billion, a net income of $5.47 Billion, and a profit margin of 5.89%. The next quarter’s revenue is estimated to be 91.42 Billion.
The UnitedHealth stock’s total assets and total liabilities have also been increasing every quarter according to its balance sheet. The most recent quarterly balance sheet for the period ending June 2023 showed total assets of $280.16 Billion and total liabilities of $188.01 billion.
Based on the recent data, the UNH stock reported an EPS of $6.14 for the second quarter, beating the analysts’ estimate of $5.99 by 2.49%. The next quarter’s EPS is estimated to be 6.33.
UnitedHealth Group will announce its financial results for the third quarter of 2023 on Friday, October 13, 2023, before the market opens. The company will hold a conference call around 8:45 AM ET to discuss the next quarter’s results with analysts and investors. This will be broadcasted on the UNH company’s website.
UNH Stock Price Technical Analysis in 1-D Timeframe
The UnitedHealth stock has shown a remarkable performance in its share price over the past years, with a major bullish run that started in March 2020 from $190 and reached its all-time high of $558 by November 1st, 2022. However, after hitting the peak, the UNH stock experienced some profit-taking and entered a downward channel, showing bearishness on the charts.
UNH stock has tested the upper trendline resistance three times but failed to break it, with the latest attempt from $445 support where the price faced resistance and dropped to form a support around $480. The recent dividend date has helped the chart to show some positivity, and if it breaks above the trendline, it might surpass its all-time high as well.
Major moving averages are highlighting bullish views at press time. The MACD is highlighting a bullish cross and RSI is also taking support at 54.
The stock ratings for UnitedHealth stock are very positive and highly recommended by 26 analysts who have evaluated it in the last three months. The 1-year price forecasts for UnitedHealth stock by 24 analysts range from $520 to $650, with a high potential for growth.
Summary
UnitedHealth Group Inc. (NYSE: UNH) chart indicates that the traders and investors of the UNH stock price are bullish on the 1-D time frame. The price action shows a bullish outlook at the time of publishing. The technical analysis tools of UnitedHealth stock price also support bullishness. The EMA, RSI, and MACD highlight upward signals and indicate that an uptrend may continue in UnitedHealth stock price.
Technical Levels
Support levels: $480 and $472
Resistance levels: $500 and $513
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
