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 December 2022, the firm owned and operated 182 hospitals, 126 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 April 19, 2024, HCA stock price climbed to $305.11 with 1,464,752 million shares trading.

HCA has a beta of 0.98, meaning it tends to be less sensitive to market movements. HCA has a correlation of 0.24 to the broad based SPY ETF.

HCA has a market cap of $80.70 billion. This is considered a Large Cap stock.

Last quarter Hca Healthcare reported $17 billion in Revenue and $5.90 earnings per share. This beat revenue expectation by $793 million and exceeded earnings estimates by $.86.

In the last 3 years, HCA stock traded as high as $335.83 and as low as $164.47.

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

HCA has underperformed the market in the last year with a price return of +13.3% while the SPY ETF gained +21.2%. However, in the short term, HCA had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.4% vs +4.3% return in SPY. But in the last 2 weeks, HCA shares have been beat by the market, returning -6.2% compared to an SPY return of -3.5%.

HCA support price is $292.64 and resistance is $301.37 (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 stock will trade within this expected range on the day.