Encompass Health Corp (NYSE: EHC) Stock Could Be An Option To Consider

Encompass Health Corp (NYSE:EHC) shares, rose in value on Friday, November 01, with the stock price down by -0.55% to the previous day’s close as strong demand from buyers drove the stock to $98.91.

Actively observing the price movement in the last trading, the stock closed the session at $99.46, falling within a range of $98.66 and $100.825. The value of beta (5-year monthly) was 0.784 whereas the PE ratio was 23.88 over 12-month period. Referring to stock’s 52-week performance, its high was $102.36, and the low was $61.57. On the whole, EHC has fluctuated by 4.41% over the past month.

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With the market capitalization of Encompass Health Corp currently standing at about $9.95 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-05. The company’s Forward Dividend Ratio is 0.62, with its dividend yield at 0.63%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.35B, with a low estimate of 1.35B and a high estimate of 1.4B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.38B.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EHC’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 1.52, with the price of EHC currently trading nearly 2.86% and 4.72% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.47, while the 7-day volatility ratio is showing 2.86% which for the 30-day chart, stands at 1.84%. Furthermore, Encompass Health Corp (EHC)’s beta value is 0.89, and its average true range (ATR) is 2.26.

A comparison of Encompass Health Corp (EHC) with its peers suggests the former has fared considerably weaker in the market. EHC showed an intraday change of -0.55% in last session, and over the past year, it grew by 58.10%%.

Data on historical trading for Encompass Health Corp (NYSE:EHC) indicates that the trading volumes over the past 10 days have averaged 0.91 and over the past 3 months, they’ve averaged 644.00K. According to company’s latest data on outstanding shares, there are 100.25 million shares outstanding.

Nearly 1.54% of Encompass Health Corp’s shares belong to company insiders and institutional investors own 96.28% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.21 million shares as on 2024-10-15, resulting in a short ratio of 2.04. According to the data, the short interest in Encompass Health Corp (EHC) stood at 135.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 1.16 million. The stock has risen by 48.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EHC stock heading into the next quarter.

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