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Amedisys Inc. (NASDAQ: AMED): A Great Stock To Watch

Amedisys Inc. (NASDAQ:AMED) shares, rose in value on Friday, 05/13/22, with the stock price up by 5.30% to the previous day’s close as strong demand from buyers drove the stock to $121.57.

Actively observing the price movement in the last trading, the stock closed the session at $115.45, falling within a range of $116.66 and $123.89. The value of beta (5-year monthly) was 0.69 whereas the PE ratio was 20.95 over 12-month period. Referring to stock’s 52-week performance, its high was $276.21, and the low was $109.53. On the whole, AMED has fluctuated by -21.26% over the past month.

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With the market capitalization of Amedisys Inc. currently standing at about $4.04 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 26, 2022 – May 02, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.18, which is expected to increase to $1.5 for fiscal year $5.93 and then to about $5.95 by fiscal year 2022. Data indicates that the EPS growth is expected to be -2.90% in 2022, while the next year’s EPS growth is forecast to be 0.30%.

Analysts have estimated the company’s revenue for the quarter at $556.18 million, with a low estimate of $548.08 million and a high estimate of $567.1 million. According to the average forecast, sales growth in current quarter could jump up 1.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $2.21 billion, representing an increase of 6.50% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that AMED’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

16 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 5 analyst(s), 9 recommend it as a Buy and 2 called the AMED stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.

The stock’s technical analysis shows that the PEG ratio is about 4.01, with the price of AMED currently trading nearly -6.90% and -18.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.84, while the 7-day volatility ratio is showing 5.61% which for the 30-day chart, stands at 5.67%. Furthermore, Amedisys Inc. (AMED)’s beta value is 0.87, and its average true range (ATR) is 7.07.

A comparison of Amedisys Inc. (AMED) with its peers suggests the former has fared considerably weaker in the market. AMED showed an intraday change of 5.30% in last session, and over the past year, it shrunk by -52.69%%. In comparison, Chemed Corporation (CHE) has moved lower at -0.11% on the day and was up 3.35% over the past 12 months. On the other hand, the price of LHC Group Inc. (LHCG) has fallen -0.22% on the day. The stock, however, is off -12.77% from where it was a year ago. Additionally, there is a loss of -0.80% for National HealthCare Corporation (NHC) in last trading while the stock has seen an overall depriciation of -4.13%% over the past year. The PE ratio stands at 20.95 for Amedisys Inc., compared to 29.19 for Chemed Corporation, and 51.25 for LHC Group Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 2.39%. Meanwhile, the Dow Jones Industrial Improved by 1.47%.

Data on historical trading for Amedisys Inc. (NASDAQ:AMED) indicates that the trading volumes over the past 3 months, they’ve averaged 335.58K. According to company’s latest data on outstanding shares, there are 32.55 million shares outstanding.

Nearly 1.60% of Amedisys Inc.’s shares belong to company insiders and institutional investors own 93.70% of the company’s shares. The stock has fallen by -24.90% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AMED stock heading into the next quarter.

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