Healthcare Services Group, Inc (NASDAQ:HCSG) shares, rose in value on Friday, May 30, with the stock price down by -0.42% to the previous day’s close as strong demand from buyers drove the stock to $14.10.
Actively observing the price movement in the last trading, the stock closed the session at $14.16. The PE ratio was 25.19 over 12-month period. Referring to stock’s 52-week performance, its high was $14.90, and the low was $9.12. On the whole, HCSG has fluctuated by -0.77% over the past month.
With the market capitalization of Healthcare Services Group, Inc currently standing at about $1.03 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HCSG’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 PEG ratio is about 1.00, with the price of HCSG currently trading nearly -2.15% and 14.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.43, while the 7-day volatility ratio is showing 1.22% which for the 30-day chart, stands at 1.28%. Furthermore, Healthcare Services Group, Inc (HCSG)’s beta value is 0.55, and its average true range (ATR) is 0.42.
A comparison of Healthcare Services Group, Inc (HCSG) with its peers suggests the former has fared considerably weaker in the market. HCSG showed an intraday change of -0.42% in last session, and over the past year, it grew by 31.41%%.
Data on historical trading for Healthcare Services Group, Inc (NASDAQ:HCSG) indicates that the trading volumes over the past 3 months, they’ve averaged 646.61K. According to company’s latest data on outstanding shares, there are 72.92 million shares outstanding.
Nearly 1.00% of Healthcare Services Group, Inc’s shares belong to company insiders and institutional investors own 103.90% of the company’s shares. The stock has risen by 21.39% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HCSG stock heading into the next quarter.
