The trading price of BrightSpring Health Services Inc (NASDAQ:BTSG) closed higher on current market day and closing at $14.64, 5.17% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $13.92 and $14.89. In examining the 52-week price action we see that the stock hit a 52-week high of $14.52 and a 52-week low of $7.85. Over the past month, the stock has gained 21.90% in value.
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BrightSpring Health Services Inc, whose market valuation is $2.51 billion at the time of this writing, is expected to release its quarterly earnings report on 2024-Aug-02. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.18 per share this quarter, however they have predicted annual earnings per share of 0.74 for current year and 0.87 for next year.
Analysts have forecast the company to bring in revenue of 2.72B for the current quarter, with the likely lows of 2.65B and highs of 2.77B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 10.82B.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned BTSG a recommendation rating is 2. Out of them, 0 rate it a Hold, while 2 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged BrightSpring Health Services Inc (BTSG) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that BTSG’s price is currently 13.61% off the SMA20 and 20.27% off the SMA50. The RSI metric on the 14-day chart is currently showing 78.24, and weekly volatility stands at 4.49%. When measured over the past 30 days, the indicator reaches 3.49%. BrightSpring Health Services Inc (NASDAQ:BTSG)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.48.
To see how BrightSpring Health Services Inc stock has been performing in comparison to its peers in the industry, here are the numbers: BTSG stock’s performance was 5.17% in the latest trading.
An evaluation of the daily trading volume of BrightSpring Health Services Inc (NASDAQ:BTSG) indicates that the 3-month average is 1.01 million. However, this figure has increased over the past 10 days to an average of 1.94.
Currently, records show that 171.19 million of the company’s shares remain outstanding. The insiders hold 69.06% of outstanding shares, whereas institutions hold 46.53%. The stats also highlight that short interest as of 2024-08-30, stood at 8.51 million shares, resulting in a short ratio of 10.88 at that time. From this, we can conclude that short interest is 1634.00 of the company’s total outstanding shares. It is noteworthy that short shares in August were down slightly from the previous month’s figure, which was 9.24 million. However, since the stock’s price has seen 33.09% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
