BrightSpring Health Services Inc (NASDAQ: BTSG) Stock: Up 25.73% From Low, Just Wait

The trading price of BrightSpring Health Services Inc (NASDAQ:BTSG) closed lower on Tuesday, April 02, closing at $10.57, -3.82% lower than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $12.14 and a 52-week low of $7.85. Over the past month, the stock has gained 18.10% in value.

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BrightSpring Health Services Inc, whose market valuation is $1.81 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.07 per share this quarter, however they have predicted annual earnings per share of $0.59 for 2024 and $0.8 for 2025. It means analysts are expecting annual earnings per share growth of 110.70% this year and 35.60% next year.

Analysts have forecast the company to bring in revenue of $2.31 billion for the current quarter, with the likely lows of $2.3 billion and highs of $2.33 billion. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $9.44 billion. The company’s revenue is forecast to grow by 7.00% over what it did in 2024.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of BrightSpring Health Services Inc No upward and no downward comments were posted in the last 7 days.

A quick review shows that BTSG’s price is currently 13.07% off the SMA20 and 5.49% off the SMA50. The RSI metric on the 14-day chart is currently showing 60.68, and weekly volatility stands at 5.01%. When measured over the past 30 days, the indicator reaches 5.19%. BrightSpring Health Services Inc (NASDAQ:BTSG)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.51.

To see how BrightSpring Health Services Inc stock has been performing in comparison to its peers in the industry, here are the numbers: BTSG stock’s performance was -3.82% in the latest trading.

An evaluation of the daily trading volume of BrightSpring Health Services Inc (NASDAQ:BTSG) indicates that the 3-month average is 3.17 million. However, this figure has increased over the past 10 days to an average of 2.25 million.

Currently, records show that 171.19 million of the company’s shares remain outstanding. The stats also highlight that short interest as of Mar 15, 2024, stood at 11.51 million shares, resulting in a short ratio of 4.31 at that time. From this, we can conclude that short interest is 6.72% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 10.73 million. However, since the stock’s price has seen -3.91% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.