Ardent Health Partners Inc (NYSE:ARDT) shares, rose in value on Friday, November 22, with the stock price up by 0.19% to the previous day’s close as strong demand from buyers drove the stock to $15.83.
Actively observing the price movement in the last trading, the stock closed the session at $15.80, falling within a range of $15.36 and $15.84. The PE ratio was 24.59 over 12-month period. Referring to stock’s 52-week performance, its high was $20.72, and the low was $14.57. On the whole, ARDT has fluctuated by -11.56% over the past month.
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With the market capitalization of Ardent Health Partners Inc currently standing at about $2.26 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.84B, with a low estimate of 1.46B and a high estimate of 1.5B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.48B.
The stock’s technical analysis shows that the PEG ratio is about 0.34, with the price of ARDT currently trading nearly -7.89% and -12.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.73, while the 7-day volatility ratio is showing 3.92% which for the 30-day chart, stands at 5.61%. Furthermore, Ardent Health Partners Inc (ARDT)’s average true range (ATR) is 0.95.
Data on historical trading for Ardent Health Partners Inc (NYSE:ARDT) indicates that the trading volumes over the past 10 days have averaged 0.25 and over the past 3 months, they’ve averaged 370.66K. According to company’s latest data on outstanding shares, there are 143.26 million shares outstanding.
Nearly 83.89% of Ardent Health Partners Inc’s shares belong to company insiders and institutional investors own 64.82% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.49 million shares as on 2024-10-31, resulting in a short ratio of 1.67. According to the data, the short interest in Ardent Health Partners Inc (ARDT) stood at 149.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 1.65 million. The stock has fallen by -1.43% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ARDT stock heading into the next quarter.
