Patterson Stock Price on August 5, 2022 Breakdown

PDCO
 Stock
  

USD 29.30  0.57  1.98%   

As of today, the current price of Patterson Companies is  29.30 , as last reported on the 3rd of December, with the highest price reaching  29.64  and the lowest price hitting  28.41  during the day.
Patterson Companies appears to be very steady, given 3 months investment horizon. Patterson Companies maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had 0.13% of return per unit of risk over the last 3 months. Our standpoint towards forecasting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Patterson Companies, which you can use to evaluate the future volatility of the company. Please evaluate Patterson Companies' Risk Adjusted Performance of 0.0781, coefficient of variation of 1978.3, and Semi Deviation of 2.04 to confirm if our risk estimates are consistent with your expectations.
  
Net Income Common Stock is expected to rise to about 169.8 M this year. Price to Sales Ratio is expected to rise to 0.76 this year, although Price to Book Value will most likely fall to 2.52. Patterson Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Most Recent Activity

Shares Float
86.4 M
net Income Applicable To Common Shares
203.2 M
Shares Outstanding
96.9 M
Shares Short Prior Month
4.6 M
Dividend Share
1.04
Earnings Share
1.96

Patterson Companies Main Headline on 5th of August 2022

Patterson Companies dividend paid on 5th of August 2022

Patterson Companies Valuation on August 5, 2022

It is possible to determine the worth of Patterson Companies on a given historical date. On August 5, 2022 Patterson was worth 30.07 at the beginning of the trading date compared to the closed value of 30.13. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Patterson Companies stock. Still, in general, we apply an absolute valuation method to find Patterson Companies' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Visa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Patterson Companies' related companies.
 Open High Low Close Volume
  30.02    30.62    29.99    29.87    705,465  
08/05/2022
  30.07    30.60    30.04    30.13    541,970  
  30.61    30.83    30.30    30.18    500,215  
Backtest Patterson Companies  |  Patterson Companies History  |  Patterson Companies Valuation   PreviousNext  
Open Value 30.07
30.13
Closing Value
36.42
Upside

Patterson Companies Trading Date Momentum on August 5, 2022

On August 08 2022 Patterson Companies was traded for  30.18  at the closing time. The top price for the day was 30.83  and the lowest listed price was  30.30 . The trading volume for the day was 500.2 K. The trading history from August 8, 2022 was a factor to the next trading day price upswing. The trading delta at closing time against the next closing price was 0.17% . The trading delta at closing time against the current closing price is 3.42% .

Patterson Companies Fundamentals Correlations and Trends

By evaluating Patterson Companies' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Patterson Companies' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Patterson financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Patterson Companies Stock history

Patterson Companies investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Patterson is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Patterson Companies will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Patterson Companies historical stock prices may prove useful in developing a viable investing in Patterson Companies
Last ReportedProjected for 2022
Weighted Average Shares97.3 M109.7 M
Weighted Average Shares Diluted98.5 M110.8 M
Issuance Purchase of Equity Shares-180 M-194.2 M

Patterson Companies Stock Technical Analysis

Patterson Companies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Patterson Companies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Patterson Companies trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Patterson Companies Period Price Range

Low
August 5, 2022
High

 30.07 

  

 30.13 

0.060.20%

Patterson Companies December 3, 2022 Market Strength

Market strength indicators help investors to evaluate how Patterson Companies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Patterson Companies shares will generate the highest return on investment. By undertsting and applying Patterson Companies stock market strength indicators, traders can identify Patterson Companies entry and exit signals to maximize returns

Patterson Companies Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Patterson stock's direction in advance. Along with the technical and fundamental analysis of Patterson Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Patterson to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen stock market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Please check Your Equity Center. Note that the Patterson Companies information on this page should be used as a complementary analysis to other Patterson Companies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

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When running Patterson Companies price analysis, check to measure Patterson Companies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Patterson Companies is operating at the current time. Most of Patterson Companies' value examination focuses on studying past and present price action to predict the probability of Patterson Companies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Patterson Companies' price. Additionally, you may evaluate how the addition of Patterson Companies to your portfolios can decrease your overall portfolio volatility.
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Is Patterson Companies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patterson Companies. If investors know Patterson will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patterson Companies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.29) 
Market Capitalization
2.8 B
Quarterly Revenue Growth YOY
(0.06) 
Return On Assets
0.0534
Return On Equity
0.19
The market value of Patterson Companies is measured differently than its book value, which is the value of Patterson that is recorded on the company's balance sheet. Investors also form their own opinion of Patterson Companies' value that differs from its market value or its book value, called intrinsic value, which is Patterson Companies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patterson Companies' market value can be influenced by many factors that don't directly affect Patterson Companies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patterson Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine Patterson Companies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson Companies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.