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Trading signal Carriage Services Inc - CVS

US Stock Price Signals and Analysis

Good Morning Traders,

Today, October 01,  Lift-Off offers a SHORT trading signal on the US stock Carriage Services Inc (Ticker: CVS) listed on the NYSE and part of the S&P500 index.

On Friday, September 30, the stock closed at $95.37 per share, marking a -1.66%.

The company operates in the "Retailing" sector specifically in the "Pharmaceutical Chains Industry"

The company has very poor financial robustness data, such as Equity-to-Asset, Debt-to-Equity, WACC vs. ROIC, despite these data being low, it has a future growth projection and a price that is currently undervalued compared to the value attributed to it.

Turnover is growing and also net revenue, but debts are continuously increasing with free cash almost 0

Next earnings announcement for Q3 2022: Nov. 2, 2022

Below chart of Carriage Services Inc - CVS- with signal detected by Lift-Off

Some information about Carriage Services Inc

CVS Health Corp. engages in the provision of health care services. 

It operates through pharmacy services, retail or long-term care, health care benefits and corporate/other.

Offers pharmacy drug management solutions, prescription drug sales, and an assortment of health and wellness products and general merchandise, provides traditional, voluntary, and direct-to-consumer health insurance products and related services, including medical, pharmacy, dental, and behavioral health plans, medical management capabilities, Medicare Advantage and Medicare Supplement plans, Medicare Part D prescription drug plan, Medicaid managed care services, and health information technology products and services., as well as engaging in the provision of management and administrative services. 

The company was founded by Stanley P. Goldstein and Ralph Hoagland in 1963 and is headquartered in Woonsocket, RI.

Financial Overview: CVS's current market capitalization is $125,204B USD. The company's TTM EPS is USD 6.21, dividend yield is 2.31% and PE is 15.75. CVS Health Corporation's next earnings release date is November 2. The estimate is US$2.00.

Accounts, including revenue, expenses, profit and loss: CVS's total revenue for the latest quarter is US$80.64B, up 4.96% from the previous quarter. Net income in Q2 22 is 2.95B USD.

Overview data and accounts source: Tradingview.com

Signal board September 01, 2022

SHORT - Carriage Services Inc - CVS

Input price: $95.37 (and any opening price)

Price stop loss or adjustment zone: $101.30 

Price take profit zone 1: $90.80 

Price take profit zone 1: $90.80 

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