BrightSpring Health Services Inc (NASDAQ:BTSG) shares, rose in value on Friday, March 28, with the stock price down by -2.06% to the previous day’s close as strong demand from buyers drove the stock to $18.03.
Actively observing the price movement in the last trading, the stock closed the session at $18.41, falling within a range of $17.81 and $18.38. Referring to stock’s 52-week performance, its high was $24.82, and the low was $9.98. On the whole, BTSG has fluctuated by -6.24% over the past month.
With the market capitalization of BrightSpring Health Services Inc currently standing at about $3.15 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-05.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 11.97B, with a low estimate of 2.67B and a high estimate of 3.05B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.74B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BTSG’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% Buy.
The stock’s technical analysis shows that the price of BTSG currently trading nearly 1.11% and -10.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.81, while the 7-day volatility ratio is showing 3.78% which for the 30-day chart, stands at 5.29%. Furthermore, BrightSpring Health Services Inc (BTSG)’s beta value is 2.12, and its average true range (ATR) is 0.86.
A comparison of BrightSpring Health Services Inc (BTSG) with its peers suggests the former has fared considerably weaker in the market. BTSG showed an intraday change of -2.06% in last session, and over the past year, it grew by 82.86%%.
Data on historical trading for BrightSpring Health Services Inc (NASDAQ:BTSG) indicates that the trading volumes over the past 10 days have averaged 1.24 and over the past 3 months, they’ve averaged 1.55 million. According to company’s latest data on outstanding shares, there are 174.25 million shares outstanding.
Nearly 61.33% of BrightSpring Health Services Inc’s shares belong to company insiders and institutional investors own 46.19% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.53 million shares as on 2025-03-14, resulting in a short ratio of 4.8. According to the data, the short interest in BrightSpring Health Services Inc (BTSG) stood at 1534.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 10.02 million. The stock has risen by 5.87% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BTSG stock heading into the next quarter.
