Best Medical Stocks To Add to Your Watchlist – March 8th

by · The Cerbat Gem

Eli Lilly and Company, Walmart, and UnitedHealth Group are the three Medical stocks to watch today, according to MarketBeat’s stock screener tool. Medical stocks refer to shares in companies primarily involved in providing healthcare services, developing and manufacturing pharmaceuticals, biotechnology products, and medical devices. These stocks are influenced by factors such as clinical research outcomes, regulatory approvals, and the overall demand within the healthcare sector, making them a distinct component of the broader investment landscape. These companies had the highest dollar trading volume of any Medical stocks within the last several days.

Eli Lilly and Company (LLY)

Eli Lilly and Company discovers, develops, and markets human pharmaceuticals worldwide. The company offers Basaglar, Humalog, Humalog Mix 75/25, Humalog U-100, Humalog U-200, Humalog Mix 50/50, insulin lispro, insulin lispro protamine, insulin lispro mix 75/25, Humulin, Humulin 70/30, Humulin N, Humulin R, and Humulin U-500 for diabetes; Jardiance, Mounjaro, and Trulicity for type 2 diabetes; and Zepbound for obesity.

Shares of LLY traded down $44.17 during trading hours on Friday, reaching $868.59. 4,816,293 shares of the stock traded hands, compared to its average volume of 3,119,127. The company has a market cap of $823.57 billion, a price-to-earnings ratio of 74.17, a PEG ratio of 1.40 and a beta of 0.34. The company has a current ratio of 1.15, a quick ratio of 0.97 and a debt-to-equity ratio of 2.00. The stock has a fifty day simple moving average of $826.63 and a 200 day simple moving average of $848.68. Eli Lilly and Company has a 52 week low of $711.40 and a 52 week high of $972.53.

Read Our Latest Research Report on LLY

Walmart (WMT)

Walmart Inc. engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

NYSE:WMT traded down $2.97 during mid-day trading on Friday, hitting $91.68. 35,897,844 shares of the stock traded hands, compared to its average volume of 15,647,268. Walmart has a 12-month low of $58.56 and a 12-month high of $105.30. The company has a market cap of $736.46 billion, a PE ratio of 38.04, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The business’s 50-day moving average price is $96.19 and its 200 day moving average price is $88.26.

Read Our Latest Research Report on WMT

UnitedHealth Group (UNH)

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.

Shares of UnitedHealth Group stock traded up $5.63 during trading on Friday, reaching $493.35. The company’s stock had a trading volume of 5,431,753 shares, compared to its average volume of 5,011,298. The company has a market cap of $451.28 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 1.37 and a beta of 0.62. The company has a quick ratio of 0.91, a current ratio of 0.83 and a debt-to-equity ratio of 0.74. The firm’s 50-day moving average is $513.78 and its two-hundred day moving average is $553.76. UnitedHealth Group has a 52-week low of $436.38 and a 52-week high of $630.73.

Read Our Latest Research Report on UNH

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