A new trading day began on Friday, with BrightSpring Health Services Inc (NASDAQ: BTSG) stock price up 2.20% from the previous day of trading, before settling in for the closing price of $15.91. BTSG’s price has ranged from $7.85 to $16.06 over the past 52 weeks.
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A company in the Healthcare sector has jumped its sales by 30.27% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 142.58%. With a float of $53.05 million, this company’s outstanding shares have now reached $171.19 million.
In an organization with 600 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 14.95%, operating margin of 2.01%, and the pretax margin is -2.12%.
BrightSpring Health Services Inc (BTSG) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Health Information Services Industry. The insider ownership of BrightSpring Health Services Inc is 69.06%, while institutional ownership is 46.55%. The most recent insider transaction that took place on Sep 11 ’24, was worth 129,330,578. In this transaction 10% Owner of this company sold 11,619,998 shares at a rate of $11.13, taking the stock ownership to the 23,239,996 shares. Before that another transaction happened on Sep 11 ’24, when Company’s 10% Owner bought 11,619,998 for $11.13, making the entire transaction worth $129,330,578. This insider now owns 92,959,984 shares in total.
BrightSpring Health Services Inc (BTSG) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.14 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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 142.58% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.00% during the next five years compared to 10.47% growth over the previous five years of trading.
BrightSpring Health Services Inc (NASDAQ: BTSG) Trading Performance Indicators
Here are BrightSpring Health Services Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.95, a number that is poised to hit 0.15 in the next quarter and is forecasted to reach 0.74 in one year’s time.
Technical Analysis of BrightSpring Health Services Inc (BTSG)
Let’s dig in a bit further. During the last 5-days, its volume was 2.14 million. That was better than the volume of 1.49 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 95.78%. Additionally, its Average True Range was 0.54.
During the past 100 days, BrightSpring Health Services Inc’s (BTSG) raw stochastic average was set at 99.03%, which indicates a significant increase from 97.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.28% in the past 14 days, which was lower than the 33.46% volatility it showed in the past 100 days.
However, in the short run, BrightSpring Health Services Inc’s stock first resistance to watch stands at $16.45. Second resistance stands at $16.65. The third major resistance level sits at $16.97. If the price goes on to break the first support level at $15.93, it is likely to go to the next support level at $15.61. The third support level lies at $15.41 if the price breaches the second support level.
BrightSpring Health Services Inc (NASDAQ: BTSG) Key Stats
With a market capitalization of 2.79 billion, the company has a total of 171,320K Shares Outstanding. Currently, annual sales are 8,826 M while annual income is -154,600 K. The company’s previous quarter sales were 2,730 M while its latest quarter income was 19,920 K.
