PACS Group Inc (NYSE:PACS) shares, rose in value on Wednesday, June 18, with the stock price up by 7.69% to the previous day’s close as strong demand from buyers drove the stock to $13.30.
Actively observing the price movement in the last trading, the stock closed the session at $12.35, falling within a range of $11.64 and $13.49. Referring to stock’s 52-week performance, its high was $43.92, and the low was $8.28. On the whole, PACS has fluctuated by 24.88% over the past month.
With the market capitalization of PACS Group Inc currently standing at about $2.06 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Aug-12.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.92B, with a low estimate of 948.27M and a high estimate of 1.01B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 975.65M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PACS’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of PACS currently trading nearly 27.43% and 31.79% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 77.36, while the 7-day volatility ratio is showing 10.39% which for the 30-day chart, stands at 5.29%. Furthermore, PACS Group Inc (PACS)’s beta value is 0.20, and its average true range (ATR) is 0.64.
A comparison of PACS Group Inc (PACS) with its peers suggests the former has fared considerably weaker in the market. PACS showed an intraday change of 7.69% in last session, and over the past year, it shrunk by -54.53%%.
Data on historical trading for PACS Group Inc (NYSE:PACS) indicates that the trading volumes over the past 10 days have averaged 0.69 and over the past 3 months, they’ve averaged 514.14K. According to company’s latest data on outstanding shares, there are 152.40 million shares outstanding.
Nearly 74.79% of PACS Group Inc’s shares belong to company insiders and institutional investors own 29.28% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.76 million shares as on 2025-05-30, resulting in a short ratio of 6.42. The stock has risen by 1.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PACS stock heading into the next quarter.
