AMN Healthcare Services Inc (NYSE:AMN) price on Friday, January 17, fall -1.18% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $25.89.
A look at the stock’s price movement, the close in the last trading session was $26.20, moving within a range at $24.81 and $26.36. The beta value (5-Year monthly) was 0.131 while the PE ratio in trailing twelve months stood at 18.65. Turning to its 52-week performance, $79.74 and $22.47 were the 52-week high and 52-week low respectively. Overall, AMN moved 1.61% over the past month.
AMN Healthcare Services Inc’s market cap currently stands at around $985.73 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 694.36M for the company’s revenue for the quarter, with a low and high estimate of 691M and 697.16M respectively. The average forecast suggests down to a -15.14% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.94B, representing a -22.32% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AMN is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 5 recommend AMN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AMN’s current price about 3.85% and -2.75% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.89, while 7-day volatility ratio is 7.42% and 5.34% in the 30-day chart. Further, AMN Healthcare Services Inc (AMN) has a beta value of 0.06, and an average true range (ATR) of 1.47. Analysts have given the company’s stock an average 52-week price target of $50, forecast between a low of $46 and high of $57. Looking at the price targets, the low is -77.67% off current price level while to achieve the yearly target high, price needs to move -120.16%. Nonetheless, investors will most likely welcome a -93.12% jump to $50 which is the analysts’ median price.
If we refocus on AMN Healthcare Services Inc (NYSE:AMN), historical trading data shows that trading volumes averaged 0.68 over the past 10 days and 994.58K over the past 3 months. The company’s latest data on shares outstanding shows there are 38.02 million shares.
The 0.78% of AMN Healthcare Services Inc’s shares are in the hands of company insiders while institutional holders own 117.81% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.04 million on 2024-12-31, giving us a short ratio of 4.66. The data shows that as of 2024-12-31 short interest in AMN Healthcare Services Inc (AMN) stood at 1482.9998999999998 of shares outstanding, with shares short falling to 4.07 million registered in 2024-11-29. Current price change has pushed the stock 8.24% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AMN stock continues to rise going into the next quarter.
