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Cerner Corporation (NASDAQ: CERN) closing quoted price for October 17, 2018 was $ 64.23. The -0.22% drop might have been a shortfall, but it would have been a shortfall in sight-seeing, as it is now 24.55% more earnings. The stock enjoyed an overall downtrend of -4.69% from the beginning of 2018. Analysts seemed to set $ 80 as higher price. The average 12-month price target they expect from the stock is $ 68.29. This mean price target represents 6.32% upside down its previous closing price. The median price target is $ 70 for the next 12-month, which suggests 8.98% upside from current levels. Some badysts have a lower price target on the stock of $ 59, which would mean -8.14% gain in value.
A fresh roundup today notes that CERN stock has lost around -11.42% of its value in the past 12 months. If we turn to the Street in general, the positive still outweigh the negative as we can see that Cerner Corporation (CERN) has a neutral (2.3) consensus consensus rating. In the current time, the stock has 11 buy and 10 hold ratings. The stock is 52-week high of $ 73.46 on October 23 and its 52-week low of $ 52.05 on May 03. Currently, the shares are trading $ 1.62 above its YTD moving average of $ 62.61.
Moving on, Cerner Corporation (CERN) last reported its June 2018 earnings. For brief highlights, it performed well in that quarter, with earnings up 2% year-over-year at $ 0.62. The company surprised badysts by 3 who were expecting $ 0.6 per share. Overall, its quarterly revenue jumped by 6% to reach $ 1.37 billion, while it had reported $ 1.29 billion in the same period a year ago. To see what investors should really expect from its September 2018 financial results for $ 0.58, down from $ 0.61 in the same quarter a year ago. However, earnings-per-share are expected to see growth of 11.6% in next year. From there, the company believes it can achieve a long-term annual growth rate of 9.3%. At the other end of the income statement, we have seen $ 5.25 billion over the trailing 12 months.
Cerner Corporation (NASDAQ: CERN) is currently trading at 31.01X the company's trailing-12-month earnings per share, which represents a discount compared to the sector's 32.14X comes in below its industry's 47.38X. The most popular method for valuing a stock-market price-to-earnings (P / E) ratio 12 months ago. The EPS number for this stock is $ 2.07. P / E ratio is so popular because it's simple, it's effective, and, tautologically, because everyone uses it.
The 14-day Absolute ATR (Average True Range) on Wednesday, October 17, 2018 shows the price on average moves $ 1.29. The average daily volatility is 2.9% over the past week. Low volatility is good for the stock and it means we have calm and confident investors. If you check recent Cerner Corporation (CERN) volume, you will see that it has changed to 1.4 million shares compared to the average daily volume of 1.61 million shares.
When you look at the daily chart for CERN, you'll see the stock held in the 6-month period and maintain 23.4% distance from its most recent low. The past 5-day performance is positive 2.02% but up 0.72% from its three-week moving average. Compared to 50-day SMA, the Cerner Corporation shares price is now down -0.41%. It also closed 2.6% lower from its 200-day SMA. This is often seen as the last line of defense, or else is considered broken and / or in a bear market. The daily chart of the stock more clearly reveals with a 1-month performance at -0.23%.
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