BrightSpring Health Services Inc (NASDAQ:BTSG) shares, rose in value, with the stock price up by 4.52% to the previous day’s close as strong demand from buyers drove the stock to $18.75.
Actively observing the price movement in the recent trading, the stock is buoying the session at $17.94, falling within a range of $17.92 and $19.2. Referring to stock’s 52-week performance, its high was $20.25, and the low was $7.85. On the whole, BTSG has fluctuated by -4.63% over the past month.
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With the market capitalization of BrightSpring Health Services Inc currently standing at about $3.26 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BTSG’s technical picture suggests that short-term indicators denote the stock is a 50% 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 price of BTSG currently trading nearly 0.20% and 7.72% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.61, while the 7-day volatility ratio is showing 3.37% which for the 30-day chart, stands at 3.51%. Furthermore, BrightSpring Health Services Inc (BTSG)’s average true range (ATR) is 0.67.
Data on historical trading for BrightSpring Health Services Inc (NASDAQ:BTSG) indicates that the trading volumes over the past 10 days have averaged 0.89 and over the past 3 months, they’ve averaged 1.43 million. According to company’s latest data on outstanding shares, there are 174.08 million shares outstanding.
Nearly 67.99% of BrightSpring Health Services Inc’s shares belong to company insiders and institutional investors own 46.82% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.91 million shares as on 2024-11-29, resulting in a short ratio of 4.73. According to the data, the short interest in BrightSpring Health Services Inc (BTSG) stood at 1263.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 6.21 million. The stock has risen by 70.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BTSG stock heading into the next quarter.
