Cerner Corporation (NASDAQ:CERN) PEG Ratio At 1.670


Market experts’ mean price target is at $69.190 for Cerner Corporation (NASDAQ:CERN) stock. First Call has set EPS estimate of $0.650 for next quarter and $2.360 for this year.

Technical View

The technical appraisal of Cerner Corporation identifies that the 50-day MA of Cerner Corporation (NASDAQ:CERN) stock is $62.753, and is trading $-1.598 points away or -2.547% from 50-day moving average of $62.753. It is trading $1.846 or +3.113% off 200-day MA of $59.309. MA should be denoted as moving average.

The 52-week high of Cerner Corporation (NASDAQ:CERN) was $68.310 while $49.590 is the low in the same period. Cerner Corporation share price need to increase over $-7.155 to register 52-week high or nosedive +23.321% for hitting 52-week low.

Technical study is a trading tool used to assess securities and attempt to estimate their future movement by analysing statistics collected from trading activity, like volume and price movement. Unlike fundamental experts who attempt to assess a security’s intrinsic value, technical experts focus on price movement recorded on charts and numerous analytical tools to assess a security’s weakness or strength and estimate future price changes.

Technical analysts believe past trading activity and price changes of a security are better indicators of the security’s likely future price movements than the intrinsic value of the security. Technical analysis was shaped out of basic concepts garnered from Dow Theory, a philosophy about trading market activities that originated from the initial literatures of Charles Dow. Two simple assumptions of popular Dow Theory that trigger all of technical study are market discounts every element that may impact a security’s price and secondly market price movements are in identifiable trends and patterns that repeat over time.

Cerner Corporation (NASDAQ:CERN) P/E ratio is 33.583 while PEG ratio is at 1.670. Cerner Corporation stock recorded a close of $61.155 in last trading session, which gets it market cap to $20.65B.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

Click Here to See This Now.

(Visited 14 times, 1 visits today)