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Dec 04, 2023

$CAH, $MCK, $HSIC, $OMI, $PDCO Spearhead +5.61% Monthly Uptick in Medical Distributors

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Medical Distributors: Navigating a Healthy 5.61% Monthly Gain in the Market

In this blog, we delve into the robust growth of the Medical Distributors sector, which has witnessed a notable 5.61% increase over the past month. We'll explore the performance and prospects of leading companies like $CAH, $MCK, and $HSIC, shedding light on their contributions to this sector's positive outlook.


In-Depth Ticker Analysis

  1. $CAH (Cardinal Health, Inc.)

    • Uptrend Indicator: The stock's upward movement suggests potential growth.
    • Market Outlook: With a high likelihood of continued growth, $CAH is a significant player in the sector.
  2. $MCK (McKesson Corporation)

    • Trend Analysis: A consistent uptrend indicates a strong market position.
    • Investment Potential: $MCK's current performance and growth trajectory make it an attractive investment option.
  3. $HSIC (Henry Schein, Inc.)

    • RSI Indicator: Recovery from oversold territory suggests potential for upward trend.
    • Stock Forecast: Given its recovery and positive indicators, $HSIC might be a stock to watch.
  4. $OMI (Owens & Minor, Inc.)

    • Momentum Indicator: Positive shift indicates new growth potential.
    • Trading Strategy: $OMI's recent performance suggests it could be a strategic choice for potential investors.
  5. $PDCO (Patterson Companies, Inc.)

    • Stochastic Oscillator: Watch for a potential price bounce soon.
    • Market Position: Despite recent downtrends, $PDCO presents a dynamic scenario in the sector.

🚑 Medical Distributors Sector Overview

The Medical Distributors sector, comprising companies involved in the distribution of pharmaceutical and medical products, plays a crucial role in the healthcare supply chain. This sector includes pharmaceutical product distribution, medical device distribution, and biopharmaceutical product distribution services.

📈 Market Dynamics and Growth

  • Positive Outlook: The sector is rated as a "Buy," with a positive outlook based on the MA50MA10 Indicator and the Stock Fear & Greed Index.
  • Growth Predictions: Tickeron forecasts a further increase of more than 4.00% in the next month, highlighting the sector's strong momentum.

💹 Industry Significance

  • Core Services Value: According to a Deloitte report, the core services of medical distributors, including efficient product distribution and inventory management, generate substantial value to the U.S. healthcare ecosystem.
  • Leading Players: Notable companies like McKesson Corporation and AmerisourceBergen Corporation are key players in this industry.

💰 Market Capitalization Insights

  • Diverse Valuations: The sector's average market cap is 17.9B, with $MCK at the high end with 62.6B and $EDAP at the lower end with 181.3M.
  • Valuation Impact: These valuations indicate the diverse scale and financial strength of companies within the sector.

📊 Price Movement Analysis

  • Monthly Growth: The sector's average monthly growth of 5.61% is indicative of its robust performance.
  • Stock Highlights: While $OMI leads with a 14.44% increase, $PDCO's decline presents a contrasting picture within the sector.

🔊 Volume Trends

  • Volume Growth: An average weekly volume growth of 338.68% signals active market participation and investor interest.
  • Volume Indicators: Significant volume increases in stocks like $EDAP highlight specific companies capturing investor attention.

📉 Fundamental Analysis Ratings

  • Comprehensive Ratings: The sector's overall strong ratings in Valuation, P/E Growth, and SMR suggest healthy fundamentals.
  • Investor Considerations: These ratings provide insights into the sector's financial health and potential growth.

🔍 Sector Outlook

The Medical Distributors sector, led by companies like $CAH, $MCK, $HSIC, $OMI, and $PDCO, is experiencing significant growth. This trend is fueled by the increasing demand for medical products and efficient distribution services. As the healthcare landscape evolves, this sector remains a vital component of the global health ecosystem, offering promising opportunities for traders and investors.

The Medical Distributors sector's recent performance is a testament to its critical role in healthcare and its potential for growth. With diverse market capitalizations, dynamic price movements, and strong fundamentals, this sector offers a range of opportunities for informed investment decisions. Keep an eye on these developments for strategic trading insights in this essential industry. 🌟📈

Related Ticker: EDAP, CAH, MCK, COR, HSIC, OMI, PDCO, ZYXI

Momentum Indicator for EDAP turns positive, indicating new upward trend

EDAP saw its Momentum Indicator move above the 0 level on December 20, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 97 similar instances where the indicator turned positive. In of the 97 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where EDAP's RSI Oscillator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 11 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

The Moving Average Convergence Divergence (MACD) for EDAP just turned positive on December 17, 2024. Looking at past instances where EDAP's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EDAP advanced for three days, in of 246 cases, the price rose further within the following month. The odds of a continued upward trend are .

EDAP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where EDAP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for EDAP entered a downward trend on December 17, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. EDAP’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.581) is normal, around the industry mean (7.608). EDAP's P/E Ratio (100.000) is considerably higher than the industry average of (28.511). EDAP's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (4.521). EDAP has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.032). P/S Ratio (4.303) is also within normal values, averaging (33.632).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. EDAP’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock worse than average.

Notable companies

The most notable companies in this group are McKesson Corp (NYSE:MCK).

Industry description

Healthcare distribution market can be segmented into pharmaceutical product distribution services, medical device distribution services, and biopharmaceutical product distribution services. In addition to serving as intermediaries, many medical distributors also purchase and take legal ownership of pharmaceuticals and manage inventory and credit risk. According to a Deloitte report, pharmaceutical distributors’ core services of efficient product distribution, inventory management, financial risk management, and information-sharing generate $33 billion-$53 billion in value annually to the U.S. health care ecosystem. Some prominent players in the overall medical distribution industry include McKesson Corporation, AmerisourceBergen Corporation, Cardinal Health, Inc. and Patterson Companies, Inc.

Market Cap

The average market capitalization across the Medical Distributors Industry is 9.87B. The market cap for tickers in the group ranges from 494.39K to 70.55B. MCK holds the highest valuation in this group at 70.55B. The lowest valued company is SNYR at 494.39K.

High and low price notable news

The average weekly price growth across all stocks in the Medical Distributors Industry was 1%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was 147%. SHPMF experienced the highest price growth at 33%, while COSM experienced the biggest fall at -19%.

Volume

The average weekly volume growth across all stocks in the Medical Distributors Industry was 242%. For the same stocks of the Industry, the average monthly volume growth was 170% and the average quarterly volume growth was 21%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 57
P/E Growth Rating: 55
Price Growth Rating: 57
SMR Rating: 78
Profit Risk Rating: 78
Seasonality Score: 35 (-100 ... +100)
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EDAP
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A.I.Advisor
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General Information

a developer of minimally invasive medical devices for urological diseases

Industry MedicalDistributors

Profile
Fundamentals
Details
Industry
Biotechnology
Address
Parc d'Activites La Poudrette-Lamartine
Phone
+33 472153150
Employees
264
Web
https://www.edap-tms.com
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