PACS Group Inc (NYSE: PACS) on Monday, plunged -27.78% from the previous trading day, before settling in for the closing price of $42.94. Within the past 52 weeks, PACS’s price has moved between $22.61 and $43.92.
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A company in the Healthcare sector has jumped its sales by 68.04% annually for the last half of the decade. The company achieved an average annual earnings per share of 84.31%. With a float of $37.97 million, this company’s outstanding shares have now reached $155.18 million.
In an organization with 32433 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 14.19%, operating margin of 4.25%, and the pretax margin is 3.17%.
PACS Group Inc (PACS) Insider and Institutional Ownership
Observing investor behavior towards Medical Care Facilities industry stocks is more important than anything else. The insider ownership of PACS Group Inc is 75.53%, while institutional ownership is 19.63%. The most recent insider transaction that took place on Sep 09 ’24, was worth 294,652,760. In this transaction Co-Founder & Exec. Vice Chair. of this company sold 8,128,352 shares at a rate of $36.25, taking the stock ownership to the 45,126,199 shares. Before that another transaction happened on Sep 09 ’24, when Company’s Co-Founder, CEO & Chairman sold 8,128,352 for $36.25, making the entire transaction worth $294,652,760. This insider now owns 45,126,199 shares in total.
PACS Group Inc (PACS) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.39 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 84.31% per share during the next fiscal year.
PACS Group Inc (NYSE: PACS) Trading Performance Indicators
PACS Group Inc (PACS) is currently performing well based on its current performance indicators. A quick ratio of 1.71 was reported for the most recent quarter.
Technical Analysis of PACS Group Inc (PACS)
Let’s dig in a bit further. During the last 5-days, its volume was 3.44 million. That was better than the volume of 0.69 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 64.24%. Additionally, its Average True Range was 2.72.
During the past 100 days, PACS Group Inc’s (PACS) raw stochastic average was set at 40.29%, which indicates a significant increase from 40.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 135.74% in the past 14 days, which was higher than the 67.58% volatility it showed in the past 100 days.
However, in the short run, PACS Group Inc’s stock first resistance to watch stands at $42.15. Second resistance stands at $53.30. The third major resistance level sits at $63.22. If the price goes on to break the first support level at $21.08, it is likely to go to the next support level at $11.16. The third support level lies at $0.01 if the price breaches the second support level.
PACS Group Inc (NYSE: PACS) Key Stats
Market capitalization of the company is 4.84 billion based on 152,400K outstanding shares. Right now, sales total 3,111 M and income totals 112,870 K. The company made 981,850 K in profit during its latest quarter, and -10,910 K in sales during its previous quarter.
