Promising Medical Stocks Worth Watching - August 3rd

Key Points

• UnitedHealth Group is a diversified health care company in the U.S. with a market cap of $215.36 billion and a recent stock price decline to $237.40.
• Eli Lilly and Company saw its stock increase to $761.47 with a market cap of $721.68 billion, offering various diabetes and obesity medications.
• Novo Nordisk A/S operates in diabetes care and rare diseases, with its stock trading at $48.23 and a market cap of $215.35 billion.

UnitedHealth Group, Eli Lilly and Company, Novo Nordisk A/S, Hims & Hers Health, and Walmart are the five Medical stocks to watch today, according to MarketBeat's stock screener tool. Medical stocks are shares of publicly traded companies operating in the healthcare industry, including pharmaceutical manufacturers, biotechnology firms, medical device producers and healthcare service providers. Investors buy medical stocks to gain exposure to advances in drug development, diagnostics and patient care, often seeking growth tied to clinical trial outcomes and regulatory approvals. Their performance can be influenced by scientific breakthroughs, government healthcare policies and shifts in public health demand. These companies had the highest dollar trading volume of any Medical stocks within the last several days.

UnitedHealth Group (UNH)

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.

Shares of UnitedHealth Group stock traded down $12.16 during trading on Friday, hitting $237.40. The company's stock had a trading volume of 39,874,177 shares, compared to its average volume of 15,268,949. The stock has a market cap of $215.36 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 1.49 and a beta of 0.43. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.85 and a quick ratio of 0.85. UnitedHealth Group has a 52 week low of $234.60 and a 52 week high of $630.73. The stock has a 50-day moving average price of $296.86 and a two-hundred day moving average price of $415.36.

Read Our Latest Research Report on UNH

Eli Lilly and Company (LLY)

Eli Lilly and Company discovers, develops, and markets human pharmaceuticals worldwide. The company offers Basaglar, Humalog, Humalog Mix 75/25, Humalog U-100, Humalog U-200, Humalog Mix 50/50, insulin lispro, insulin lispro protamine, insulin lispro mix 75/25, Humulin, Humulin 70/30, Humulin N, Humulin R, and Humulin U-500 for diabetes; Jardiance, Mounjaro, and Trulicity for type 2 diabetes; and Zepbound for obesity.

LLY stock traded up $21.40 during midday trading on Friday, hitting $761.47. The stock had a trading volume of 4,857,388 shares, compared to its average volume of 3,285,034. The firm has a market cap of $721.68 billion, a P/E ratio of 61.96, a price-to-earnings-growth ratio of 1.08 and a beta of 0.44. The company has a current ratio of 1.37, a quick ratio of 1.06 and a debt-to-equity ratio of 2.18. Eli Lilly and Company has a 1-year low of $677.09 and a 1-year high of $972.53. The business has a fifty day moving average price of $775.51 and a two-hundred day moving average price of $800.23.

Read Our Latest Research Report on LLY

Novo Nordisk A/S (NVO)

Novo Nordisk A/S, together with its subsidiaries, engages in the research and development, manufacture, and distribution of pharmaceutical products in Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, North America, and internationally. It operates in two segments, Diabetes and Obesity Care, and Rare Disease.

Shares of NYSE NVO traded up $1.16 during trading on Friday, hitting $48.23. 34,710,384 shares of the company traded hands, compared to its average volume of 17,615,270. The business's fifty day moving average is $69.26 and its 200 day moving average is $72.66. Novo Nordisk A/S has a fifty-two week low of $46.90 and a fifty-two week high of $139.74. The firm has a market capitalization of $215.35 billion, a price-to-earnings ratio of 14.27, a P/E/G ratio of 1.44 and a beta of 0.63. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 0.74.

Read Our Latest Research Report on NVO

Hims & Hers Health (HIMS)

Hims & Hers Health, Inc. operates a telehealth consultation platform. It connects consumers to healthcare professionals, enabling them to access medical care for mental health, sexual health, dermatology and primary care. The company was founded in 2017 and is headquartered in San Francisco, CA.

Shares of HIMS traded down $3.61 on Friday, reaching $62.57. The company's stock had a trading volume of 26,677,206 shares, compared to its average volume of 30,852,940. Hims & Hers Health has a twelve month low of $13.47 and a twelve month high of $72.98. The stock has a market capitalization of $14.01 billion, a PE ratio of 90.68, a PEG ratio of 2.31 and a beta of 2.08. The firm has a fifty day moving average of $53.62 and a 200-day moving average of $44.15.

Read Our Latest Research Report on HIMS

Walmart (WMT)

Walmart Inc. engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

NYSE:WMT traded up $0.42 on Friday, hitting $98.40. The stock had a trading volume of 16,740,547 shares, compared to its average volume of 12,707,151. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock has a market cap of $785.27 billion, a P/E ratio of 42.05, a price-to-earnings-growth ratio of 4.74 and a beta of 0.66. Walmart has a 1 year low of $66.67 and a 1 year high of $105.30. The firm's fifty day simple moving average is $96.86 and its two-hundred day simple moving average is $95.05.

Read Our Latest Research Report on WMT

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