DVA Stock Summary and Trading Ideas (Davita | NYSE:DVA)

DaVita is the largest provider of dialysis services in the United States, boasting market share that eclipses 35% when measured by both patients and clinics. The firm operates over 3,000 facilities worldwide, mostly in the U.S., and treats over 240,000 patients globally each year. Government payers dominate U.S. dialysis reimbursement. DaVita receives about two thirds of U.S. sales at government (primarily Medicare) reimbursement rates, with the remainder coming from commercial insurers. However, while commercial insurers represented only about 10% of the U.S. patients treated, they represent nearly all of the profits generated by DaVita in the U.S. dialysis business.

Davita trades on the NYSE stock market under the symbol DVA.

As of April 18, 2024, DVA stock price declined to $126.11 with 620,455 million shares trading.

DVA has a beta of 0.45, meaning it tends to be less sensitive to market movements. DVA has a correlation of 0.02 to the broad based SPY ETF.

DVA has a market cap of $11.01 billion. This is considered a Large Cap stock.

Last quarter Davita reported $3 billion in Revenue and $1.87 earnings per share. This beat revenue expectation by $136 million and exceeded earnings estimates by $.28.

In the last 3 years, DVA stock traded as high as $141.54 and as low as $65.28.

The top ETF exchange traded funds that DVA belongs to (by Net Assets): COWZ, VTI, VOO, VB, VBR.

DVA has outperformed the market in the last year with a return of +50.4%, while the SPY ETF gained +22.3%. In the last 3 month period, DVA beat the market returning +20.5%, while SPY returned +6.1%. However, in the most recent 2 weeks DVA has underperformed the stock market by returning -6.8%, while SPY returned -3.8%.

DVA support price is $125.81 and resistance is $129.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DVA stock will trade within this expected range on the day.