BrightSpring Health Services Inc (NASDAQ:BTSG) price on Friday, January 17, rose 0.38% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $18.55.
A look at the stock’s price movement, the close in the last trading session was $18.48, moving within a range at $17.85 and $18.93. Turning to its 52-week performance, $20.25 and $7.85 were the 52-week high and 52-week low respectively. Overall, BTSG moved -1.75% over the past month.
BrightSpring Health Services Inc’s market cap currently stands at around $3.23 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 2.96B for the company’s revenue for the quarter, with a low and high estimate of 2.85B and 3.04B respectively. The average forecast suggests up to a 24.53% 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 11.17B, representing a 26.53% jump 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 BTSG is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 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 0 analyst(s) rate the stock as a Hold, 2 recommend BTSG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 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.
BTSG’s current price about 6.33% and 1.56% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 61.10, while 7-day volatility ratio is 4.46% and 5.00% in the 30-day chart. Further, BrightSpring Health Services Inc (BTSG) has a beta value of 1.40, and an average true range (ATR) of 0.85.
If we refocus on BrightSpring Health Services Inc (NASDAQ:BTSG), historical trading data shows that trading volumes averaged 1.08 over the past 10 days and 1.31 million over the past 3 months. The company’s latest data on shares outstanding shows there are 174.08 million shares.
The 67.99% of BrightSpring Health Services Inc’s shares are in the hands of company insiders while institutional holders own 46.75% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.03 million on 2024-12-31, giving us a short ratio of 6.51. The data shows that as of 2024-12-31 short interest in BrightSpring Health Services Inc (BTSG) stood at 1650.0 of shares outstanding, with shares short rising to 6.91 million registered in 2024-11-29. Current price change has pushed the stock 8.93% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BTSG stock continues to rise going into the next quarter.
