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Is NextGen Healthcare Inc. (NASDAQ: NXGN) Stock Good For Medium-Term Investing?

NextGen Healthcare Inc. (NASDAQ:NXGN) traded at $17.55 at last check on Tuesday, 01/24/23, made an upward move of 2.75% on its previous day’s price.

Looking at the stock we see that its previous close was $17.08 and the beta (5Y monthly) reads 1.04 with the day’s price range being $16.885 – $17.21. The company has a trailing 12-month PE ratio of 57.51. In terms of its 52-week price range, NXGN has a high of $21.99 and a low of $16.13. The company’s stock has lost about -11.04% over that past 30 days.

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NextGen Healthcare Inc. has a market cap of $1.14 billion and is expected to release its quarterly earnings report on Jan 24, 2023. Estimates by analysts give the company expected earnings per share (EPS) of $0.28, with the EPS growth for the year raised at $0.97 for 2023 and $1.08 for next year. These figures represent -1.00% and 11.30% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $166.48 million, with a low of $162 million and a high of $171.3 million. The median projection represents growth squeezing down to 10.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $639.67 million, or 7.30% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the NXGN stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Sell.

Looking further, we note that the PEG ratio for the NXGN stock currently stands at 12.74, and the most recent price level today is -2.92% off its SMA20 and -7.74% from its 50-day simple moving average. The RSI (14) is pointing at 41.32 while the volatility over the past week is 2.41% and jumps to 2.27% over the past one month. The beta value is 1.03, while the average true range (ATR) is currently pointing at 0.44.

Coming back to NextGen Healthcare Inc. (NASDAQ:NXGN), we note that the average 3-month trading volume was 717.72K, while that of the preceding 10-day period stands at 0.48 million. Current shares outstanding are 67.81 million.

The insiders hold 3.80% of the company’s shares while institutions hold 78.30%. The data shows that short shares as of Dec 29, 2022, stood at 4.2 million at a short ratio of 8.68. This represents a 6.21% short interest in shares outstanding on Dec 29, 2022. Shares short rose in December from the previous month at 4.11 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -9.05% down in year-to-date price movement.

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