Let’s look at the key reasons that are pushing AMN Healthcare Services Inc (AMN) to new highs

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A new trading day began on Monday, with AMN Healthcare Services Inc (NYSE: AMN) stock price up 5.11% from the previous day of trading, before settling in for the closing price of $25.84. AMN’s price has ranged from $23.37 to $80.22 over the past 52 weeks.

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During the last 5-year period, the sales growth of Healthcare Sector giant was 16.41%. Meanwhile, its annual earnings per share averaged -62.93%. With a float of $37.78 million, this company’s outstanding shares have now reached $37.81 million.

Let’s determine the extent of company efficiency that accounts for 3585 employees. In terms of profitability, gross margin is 27.2%, operating margin of 4.37%, and the pretax margin is 2.19%.

AMN Healthcare Services Inc (AMN) Breakdown of a Key Holders of the stock

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 AMN Healthcare Services Inc is 0.77%, while institutional ownership is 116.40%. The most recent insider transaction that took place on Nov 02 ’24, was worth 90,811. In this transaction CFO of this company sold 2,461 shares at a rate of $36.90, taking the stock ownership to the 37,550 shares. Before that another transaction happened on Mar 06 ’24, when Company’s Director bought 2,000 for $56.80, making the entire transaction worth $113,600. This insider now owns 2,437 shares in total.

AMN Healthcare Services Inc (AMN) Recent Fiscal highlights

In its latest quarterly report, released on 9/30/2024, the company reported earnings of 1.32 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 0.32 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -62.93% per share during the next fiscal year.

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

Here are AMN Healthcare Services Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.34. Likewise, its price to free cash flow for the trailing twelve months is 9.29.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.39, a number that is poised to hit 0.49 in the next quarter and is forecasted to reach 1.63 in one year’s time.

Technical Analysis of AMN Healthcare Services Inc (AMN)

Looking closely at AMN Healthcare Services Inc (NYSE: AMN), its last 5-days average volume was 0.92 million, which is a jump from its year-to-date volume of 0.85 million. As of the previous 9 days, the stock’s Stochastic %D was 62.06%. Additionally, its Average True Range was 2.08.

During the past 100 days, AMN Healthcare Services Inc’s (AMN) raw stochastic average was set at 8.12%, which indicates a significant decrease from 19.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 157.00% in the past 14 days, which was higher than the 76.86% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $37.20, while its 200-day Moving Average is $51.95. However, in the short run, AMN Healthcare Services Inc’s stock first resistance to watch stands at $27.77. Second resistance stands at $28.39. The third major resistance level sits at $29.39. If the price goes on to break the first support level at $26.15, it is likely to go to the next support level at $25.15. Now, if the price goes above the second support level, the third support stands at $24.53.

AMN Healthcare Services Inc (NYSE: AMN) Key Stats

With a market capitalization of 1.04 billion, the company has a total of 38,074K Shares Outstanding. Currently, annual sales are 3,789 M while annual income is 210,680 K. The company’s previous quarter sales were 687,510 K while its latest quarter income was 6,990 K.