BrightSpring Health Services Inc (NASDAQ: BTSG) on Tuesday, plunged -0.52% from the previous trading day, before settling in for the closing price of $19.08. Within the past 52 weeks, BTSG’s price has moved between $7.85 and $20.25.
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Annual sales at Healthcare sector company grew by 30.27% over the past five years. The company achieved an average annual earnings per share of 143.19%. With a float of $55.74 million, this company’s outstanding shares have now reached $174.08 million.
Let’s look at the performance matrix of the company that is accounted for 600 employees. In terms of profitability, gross margin is 14.5%, operating margin of 2.82%, and the pretax margin is -0.7%.
BrightSpring Health Services Inc (BTSG) Insider and Institutional Ownership
Observing investor behavior towards Health Information Services industry stocks is more important than anything else. The insider ownership of BrightSpring Health Services Inc is 67.99%, while institutional ownership is 46.82%. 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
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.11 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.13) by -0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 143.19% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.69% 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
BrightSpring Health Services Inc (BTSG) is currently performing well based on its current performance indicators. A quick ratio of 0.97 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 0.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.24, a number that is poised to hit 0.20 in the next quarter and is forecasted to reach 0.71 in one year’s time.
Technical Analysis of BrightSpring Health Services Inc (BTSG)
BrightSpring Health Services Inc (NASDAQ: BTSG) saw its 5-day average volume 0.96 million, a negative change from its year-to-date volume of 1.47 million. As of the previous 9 days, the stock’s Stochastic %D was 51.14%. Additionally, its Average True Range was 0.70.
During the past 100 days, BrightSpring Health Services Inc’s (BTSG) raw stochastic average was set at 87.43%, which indicates a significant increase from 40.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.91% in the past 14 days, which was lower than the 41.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.85, while its 200-day Moving Average is $12.60. Nevertheless, the first resistance level for the watch stands at $19.16 in the near term. At $19.35, the stock is likely to face the second major resistance level. The third major resistance level sits at $19.54. If the price goes on to break the first support level at $18.78, it is likely to go to the next support level at $18.59. The third support level lies at $18.40 if the price breaches the second support level.
BrightSpring Health Services Inc (NASDAQ: BTSG) Key Stats
Market capitalization of the company is 3.30 billion based on 174,126K outstanding shares. Right now, sales total 8,826 M and income totals -154,600 K. The company made 2,907 M in profit during its latest quarter, and -8,230 K in sales during its previous quarter.
