AMN Healthcare Services Inc. (AMN) is destined for greater heights as its last quarter sales were 1,126 M

AMN Healthcare Services Inc. (NYSE: AMN) on May 23, 2023, started off the session at the price of $93.33, soaring 1.07% from the previous trading day. During the day, the shares moved up to $95.52 and dropped to $92.65 before settling in for the closing price of $93.55. Within the past 52 weeks, AMN’s price has moved between $81.15 and $129.04.

Annual sales at Healthcare sector company grew by 21.40% over the past five years. The company achieved an average annual earnings per share of 45.20%. With a float of $39.47 million, this company’s outstanding shares have now reached $41.38 million.

Let’s look at the performance matrix of the company that is accounted for 4230 employees. In terms of profitability, gross margin is +30.20, operating margin of +12.29, and the pretax margin is +11.57.

AMN Healthcare Services Inc. (AMN) Insider Updates

Observing investor behavior towards Medical Care Facilities industry stocks is more important than anything else. The insider ownership of AMN Healthcare Services Inc. is 0.30%, while institutional ownership is 109.65%. The most recent insider transaction that took place on Apr 21, was worth 129,441. In this transaction Director of this company sold 1,458 shares at a rate of $88.78, taking the stock ownership to the 8,073 shares. Before that another transaction happened on Apr 11, when Company’s Director sold 6,042 for $84.35, making the entire transaction worth $509,638. This insider now owns 8,073 shares in total.

AMN Healthcare Services Inc. (AMN) Performance Highlights and Predictions

As on 3/30/2023, Multinational firm has announced its last quarter scores, in which it reported $2.49 earnings per share (EPS) for the period topping the consensus outlook (set at $2.36) by $0.13. This company achieved a net margin of +8.47 while generating a return on equity of 40.26. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.81 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 45.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.35% during the next five years compared to 32.80% growth over the previous five years of trading.

AMN Healthcare Services Inc. (NYSE: AMN) Trading Performance Indicators

AMN Healthcare Services Inc. (AMN) is currently performing well based on its current performance indicators. A quick ratio of 1.30 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.77. Likewise, its price to free cash flow for the trailing twelve months is 8.99.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.77, a number that is poised to hit 2.13 in the next quarter and is forecasted to reach 8.06 in one year’s time.

Technical Analysis of AMN Healthcare Services Inc. (AMN)

AMN Healthcare Services Inc. (NYSE: AMN) saw its 5-day average volume 0.58 million, a negative change from its year-to-date volume of 0.8 million. As of the previous 9 days, the stock’s Stochastic %D was 49.63%. Additionally, its Average True Range was 2.73.

During the past 100 days, AMN Healthcare Services Inc.’s (AMN) raw stochastic average was set at 40.98%, which indicates a significant decrease from 77.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.35% in the past 14 days, which was lower than the 36.75% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $87.31, while its 200-day Moving Average is $102.12. Nevertheless, the first resistance level for the watch stands at $95.83 in the near term. At $97.11, the stock is likely to face the second major resistance level. The third major resistance level sits at $98.70. If the price goes on to break the first support level at $92.96, it is likely to go to the next support level at $91.37. Assuming the price breaks the second support level, the third support level stands at $90.09.

AMN Healthcare Services Inc. (NYSE: AMN) Key Stats

Market capitalization of the company is 3.70 billion based on 39,645K outstanding shares. Right now, sales total 5,243 M and income totals 444,050 K. The company made 1,126 M in profit during its latest quarter, and 84,110 K in sales during its previous quarter.