Humana (NYSE: HUM) stock price has noted a good trading volume in the last 1-month. Next month, Humana Inc. is going to report its second quarter (Q2) result, thus, more trading volume activity can further be expected.
Yet, the increased trading volume activity didn’t support HUM stock price to show a bullish trend. As compared to its previous month’s price performance, HUM share price now dropped from nearly $508.00.
HUM Stock Price Analysis
On this weekend, July 21, 2023, Humana (NYSE: HUM) stock price closed at $456.89 whereas its opening price was at $448.83. The stock price showed a 2.12% price rise in the trading session which added $9.48. Additionally, the weekly price gain of HUM stock is over 4% which dropped almost 3% in the last 1 month.
On the other hand, HUM share price has shown a bearish trend in the last 6 months and in the year-to-date (YTD) price performance.
According to TradingView, a web-based social network for traders, the RSI of HUM stock shows how it is trying to take an upsurge with a push of increased trading volume.
The majority of trading volume activity was supported by the active bulls in the last 1-month. Notably, the recent closing price of the stock was slightly above its 20-day moving average.
As the above chart shows, the 1-year price target of the stock was at $576.14 which is 26.10% up from the recent closing price of HUM stock. Their maximum price estimate is $640.00 while the minimum estimate is $468.00. In the past 3-months, analysts also gave a “buy” rating to Humana Inc.
The Fundamentals of Humana
Humana Inc. (NYSE: HUM), a for-profit American health insurance company, has a market cap of $57.08 Billion. In late April 2023, the company released its Q1 2023 result that states its net income is $1.24 Billion in the quarter.
Its dividends are paid quarterly and the last dividend per share was $0.88. As of now, Dividend Yield (TTM)% is 0.75%.
In Q1 2023, the earnings per share (EPS) is $9.38 whereas the estimation was $9.27 which accounts for a 1.18% surprise. The revenue for the same period amounts to $26.74 Billion despite the estimated figure of $26.43 Billion. Now for the upcoming Q2 2023, the estimated EPS is $8.86, and revenue is expected to reach $26.21 Billion.
In 2022, the revenue of Humana Inc. amounted to $92.87 Billion, most of which — $88.84 Billion — came from its highest-performing source at the moment, insurance.
Disclaimer
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Source: https://www.thecoinrepublic.com/2023/07/22/humana-hum-stock-price-showing-quite-good-trading-volume/