A new trading day began on Friday, with Surgery Partners Inc (NASDAQ: SGRY) stock price down -4.54% from the previous day of trading, before settling in for the closing price of $30.87. SGRY’s price has ranged from $22.05 to $36.92 over the past 52 weeks.
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Annual sales at Healthcare sector company grew by 9.35% over the past five years. Meanwhile, its annual earnings per share averaged 3.19%. With a float of $70.88 million, this company’s outstanding shares have now reached $126.59 million.
Let’s look at the performance matrix of the company that is accounted for 13500 employees. In terms of profitability, gross margin is 20.57%, operating margin of 14.42%, and the pretax margin is 5.11%.
Surgery Partners Inc (SGRY) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Care Facilities Industry. The insider ownership of Surgery Partners Inc is 44.25%, while institutional ownership is 68.99%. The most recent insider transaction that took place on Sep 05 ’24, was worth 283,652. Before that another transaction happened on Sep 04 ’24, when Company’s National Group President sold 6,325 for $31.11, making the entire transaction worth $196,742. This insider now owns 48,236 shares in total.
Surgery Partners Inc (SGRY) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.19 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 0.48 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.19% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 46.10% during the next five years compared to 54.69% growth over the previous five years of trading.
Surgery Partners Inc (NASDAQ: SGRY) Trading Performance Indicators
Here are Surgery Partners Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.69. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.30. Likewise, its price to free cash flow for the trailing twelve months is 18.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.27, a number that is poised to hit 0.25 in the next quarter and is forecasted to reach 1.27 in one year’s time.
Technical Analysis of Surgery Partners Inc (SGRY)
Surgery Partners Inc (NASDAQ: SGRY) saw its 5-day average volume 0.69 million, a negative change from its year-to-date volume of 0.94 million. As of the previous 9 days, the stock’s Stochastic %D was 24.17%. Additionally, its Average True Range was 1.12.
During the past 100 days, Surgery Partners Inc’s (SGRY) raw stochastic average was set at 61.60%, which indicates a significant increase from 7.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.01% in the past 14 days, which was lower than the 51.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $31.21, while its 200-day Moving Average is $28.93. Nevertheless, the first resistance level for the watch stands at $30.25 in the near term. At $31.02, the stock is likely to face the second major resistance level. The third major resistance level sits at $31.58. If the price goes on to break the first support level at $28.92, it is likely to go to the next support level at $28.36. The third support level lies at $27.59 if the price breaches the second support level.
Surgery Partners Inc (NASDAQ: SGRY) Key Stats
With a market capitalization of 3.75 billion, the company has a total of 127,094K Shares Outstanding. Currently, annual sales are 2,743 M while annual income is -11,900 K. The company’s previous quarter sales were 762,100 K while its latest quarter income was -15,500 K.
