Acadia Healthcare Company Inc (NASDAQ:ACHC) shares, rose in value, with the stock price up by 0.29% to the previous day’s close as strong demand from buyers drove the stock to $73.59.
Actively observing the price movement in the last trading, the stock closed the session at $73.38. Referring to stock’s 52-week performance, its high was $87.77, and the low was $66.49. On the whole, ACHC has fluctuated by -6.06% 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 3.22B, with a low estimate of 767.2M and a high estimate of 782.08M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 779.17M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ACHC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold 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 0, with the price of ACHC currently trading nearly -0.15% and -6.05% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.43, while the 7-day volatility ratio is showing 2.07% which for the 30-day chart, stands at 2.31%. Furthermore, Acadia Healthcare Company Inc (ACHC)’s beta value is 1.32, and its average true range (ATR) is 1.72.
A comparison of Acadia Healthcare Company Inc (ACHC) with its peers suggests the former has fared considerably weaker in the market. ACHC showed an intraday change of 0.29% in last session, and over the past year, it shrunk by -0.70%%.
Data on historical trading for Acadia Healthcare Company Inc (NASDAQ:ACHC) indicates that the trading volumes over the past 3 months, they’ve averaged 587.05K. According to company’s latest data on outstanding shares, there are 91.26 million shares outstanding.
Nearly 2.94% of Acadia Healthcare Company Inc’s shares belong to company insiders and institutional investors own 101.15% of the company’s shares. The stock has fallen by -5.36% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ACHC stock heading into the next quarter.
