Healthcare Services Group, Inc. (NASDAQ:HCSG) shares, rose in value, with the stock price down by -1.36% to the previous day’s close as strong demand from buyers drove the stock to $10.85.
Actively observing the price movement in the last trading, the stock closed the session at $11.00. The PE ratio was 19.58 over 12-month period. Referring to stock’s 52-week performance, its high was $15.97, and the low was $8.75. On the whole, HCSG has fluctuated by -13.41% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.72B, with a low estimate of 424.63M and a high estimate of 429M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 425.8M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HCSG’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.18, with the price of HCSG currently trading nearly -8.94% and -11.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 29.31, while the 7-day volatility ratio is showing 5.07% which for the 30-day chart, stands at 2.88%. Furthermore, Healthcare Services Group, Inc. (HCSG)’s beta value is 0.51, and its average true range (ATR) is 0.37.
A comparison of Healthcare Services Group, Inc. (HCSG) with its peers suggests the former has fared considerably weaker in the market. HCSG showed an intraday change of -1.36% in last session, and over the past year, it shrunk by -27.28%%.
Data on historical trading for Healthcare Services Group, Inc. (NASDAQ:HCSG) indicates that the trading volumes over the past 3 months, they’ve averaged 525.33K. According to company’s latest data on outstanding shares, there are 73.34 million shares outstanding.
Nearly 0.77% of Healthcare Services Group, Inc.’s shares belong to company insiders and institutional investors own 100.60% of the company’s shares. The stock has risen by 4.63% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HCSG stock heading into the next quarter.
