BrightSpring Health Services Inc (NASDAQ:BTSG) price on Thursday, February 06, fall -3.97% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $22.47.
A look at the stock’s price movement, the close in the last trading session was $23.40, moving within a range at $22.39 and $23.68. Turning to its 52-week performance, $24.82 and $7.85 were the 52-week high and 52-week low respectively. Overall, BTSG moved 31.79% over the past month.
BrightSpring Health Services Inc’s market cap currently stands at around $3.91 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 3.02B for the company’s revenue for the quarter, with a low and high estimate of 2.97B and 3.05B respectively. The average forecast suggests up to a 26.99% 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 11.22B, representing a 27.16% 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 100% 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 6.45% and 16.62% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.70, while 7-day volatility ratio is 3.55% and 5.78% in the 30-day chart. Further, BrightSpring Health Services Inc (BTSG) has a beta value of 1.77, and an average true range (ATR) of 1.02.
If we refocus on BrightSpring Health Services Inc (NASDAQ:BTSG), historical trading data shows that trading volumes averaged 1.68 over the past 10 days and 1.39 million over the past 3 months. The company’s latest data on shares outstanding shows there are 174.08 million shares.
The 67.93% of BrightSpring Health Services Inc’s shares are in the hands of company insiders while institutional holders own 46.78% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.52 million on 2025-01-15, giving us a short ratio of 8.35. The data shows that as of 2025-01-15 short interest in BrightSpring Health Services Inc (BTSG) stood at 1556.0001000000002 of shares outstanding, with shares short rising to 7.34 million registered in 2024-12-13. Current price change has pushed the stock 31.94% 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.
