HCA Stock Summary and Trading Ideas (Hca Healthcare | NYSE:HCA)

HCA Healthcare is a Nashville-based healthcare provider organization operating the largest collection of acute-care hospitals in the United States. As of June 2024, the firm owned and operated 188 hospitals, 123 freestanding outpatient surgery centers, and a broad network of physician offices, urgent-care clinics, and freestanding emergency rooms across 20 states and a small foothold in England.

Hca Healthcare trades on the NYSE stock market under the symbol HCA.

As of September 27, 2024, HCA stock price declined to $403.28 with 651,098 million shares trading.

HCA has a beta of 0.68, meaning it tends to be less sensitive to market movements. HCA has a correlation of 0.16 to the broad based SPY ETF.

HCA has a market cap of $104.08 billion. This is considered a Large Cap stock.

Last quarter Hca Healthcare reported $17 billion in Revenue and $5.50 earnings per share. This beat revenue expectation by $442 million and exceeded earnings estimates by $.62.

In the last 3 years, HCA traded as high as $409.42 and as low as $164.47.

The top ETF exchange traded funds that HCA belongs to (by Net Assets): RAYD, VTI, VOO, SPY, IVV.

HCA has outperformed the market in the last year with a price return of +63.4% while the SPY ETF gained +35.8%. HCA has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +18.6% and +3.1%, respectively, while the SPY returned +5.1% and +2.5%, respectively.

HCA support price is $398.81 and resistance is $408.91 (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 HCA shares will trade within this expected range on the day.