Healthcare Services Group, Inc. (NASDAQ: HCSG) on Tuesday, plunged -6.71% from the previous trading day, before settling in for the closing price of $11.17. Within the past 52 weeks, HCSG’s price has moved between $8.75 and $13.00.
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During the last 5-year period, the sales drop of Healthcare Sector giant was -3.47%. The company achieved an average annual earnings per share of 3.93%. With a float of $72.67 million, this company’s outstanding shares have now reached $73.34 million.
Let’s determine the extent of company efficiency that accounts for 33400 employees.
Healthcare Services Group, Inc. (HCSG) Insider Activity
Observing investor behavior towards Medical Care Facilities industry stocks is more important than anything else. The insider ownership of Healthcare Services Group, Inc. is 0.97%, while institutional ownership is 99.87%. The most recent insider transaction that took place on Feb 28 ’24, was worth 14,152. In this transaction Principal Accounting Officer of this company sold 1,125 shares at a rate of $12.58, taking the stock ownership to the 7,741 shares.
Healthcare Services Group, Inc. (HCSG) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.07 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.18) by -0.25. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.93% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.00% during the next five years compared to -14.34% drop over the previous five years of trading.
Healthcare Services Group, Inc. (NASDAQ: HCSG) Trading Performance Indicators
Healthcare Services Group, Inc. (HCSG) is currently performing well based on its current performance indicators. A quick ratio of 2.65 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 0.45. Likewise, its price to free cash flow for the trailing twelve months is 21.33.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.41, a number that is poised to hit 0.21 in the next quarter and is forecasted to reach 0.88 in one year’s time.
Technical Analysis of Healthcare Services Group, Inc. (HCSG)
Looking closely at Healthcare Services Group, Inc. (NASDAQ: HCSG), its last 5-days average volume was 0.37 million, which is a drop from its year-to-date volume of 0.51 million. As of the previous 9 days, the stock’s Stochastic %D was 11.15%. Additionally, its Average True Range was 0.36.
During the past 100 days, Healthcare Services Group, Inc.’s (HCSG) raw stochastic average was set at 18.37%, which indicates a significant increase from 1.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.49% in the past 14 days, which was higher than the 34.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.91, while its 200-day Moving Average is $11.00. However, in the short run, Healthcare Services Group, Inc.’s stock first resistance to watch stands at $10.94. Second resistance stands at $11.47. The third major resistance level sits at $11.74. If the price goes on to break the first support level at $10.14, it is likely to go to the next support level at $9.87. Should the price break the second support level, the third support level stands at $9.34.
Healthcare Services Group, Inc. (NASDAQ: HCSG) Key Stats
Market capitalization of the company is 764.62 million based on 73,646K outstanding shares. Right now, sales total 1,671 M and income totals 38,390 K. The company made 426,290 K in profit during its latest quarter, and -1,790 K in sales during its previous quarter.
