AdaptHealth Corp (NASDAQ:AHCO) price is hovering lower on Wednesday, April 17, dropping -1.66% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $9.61. Taking into account the 52-week price action we note that the stock hit a 52-week high of $15.37 and 52-week low of $6.37. The stock subtracted -5.12% on its value in the past month.
AdaptHealth Corp, which has a market valuation of $1.26 billion. Analysts tracking AHCO have forecast the quarterly EPS to grow by 0.05 per share this quarter, while the same analysts predict the annual EPS to hit $0.8 for the year 2024 and up to $1.03 for 2025. In this case, analysts estimate an annual EPS growth of 115.80% for the year and 28.70% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $769.87 million, with the likely lows of $767 million and highs of $784.9 million. The average estimate suggests sales growth for the quarter will likely rise by 3.40% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $3.32 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 3.60% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give AHCO a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as Hold.
The overview shows that AHCO’s price is at present -11.22% off the SMA20 and -1.50% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 37.24, with weekly volatility standing at 4.00%. The indicator jumps to 4.34% when calculated based on the past 30 days. AdaptHealth Corp (NASDAQ:AHCO)’s beta value is holding at 1.06, while the average true range (ATR) indicator is currently reading 0.50.
An analysis of the AdaptHealth Corp (NASDAQ:AHCO) stock in terms of its daily trading volume indicates that the 3-month average is 1.12 million.
Current records show that the company has 132.63M in outstanding shares. The insiders’ percentage holdings are 46.98% of outstanding shares while the percentage share held by institutions stands at 58.22%. But the 29.63% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
