With 1.25 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.58 million shares. During the session, the Medical Care Facilities company that operates in wider Healthcare sector, reached to the highest price of $16.02 whereas the lowest price it dropped to was $15.01. The 52-week range on PACS shows that it touched its highest point at $43.92 and its lowest point at $15.30 during that stretch. It currently has a 1-year price target of $38.50.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PACS was down-trending over the past week, with a drop of -7.21%, but this was down by -64.95% over a month. Three-month performance dropped to -59.03% while six-month performance fell -49.90%. For the next quarter, that number is 0.40. This implies an EPS growth rate of 70.57% for this year and 21.51% for next year.
Float and Shares Shorts:
At present, 152.40 million PACS shares are outstanding with a float of 37.97 million shares on hand for trading. On 2024-11-15, short shares totaled 3.07 million, which was 198.00000000000003 higher than short shares on 1728950400. In addition to Mr. Jason Murray as the firm’s Co-Founder, CEO & Chairman, Mr. Mark Hancock serves as its Co-Founder & Executive Vice Chairman.
Institutional Ownership:
Through their ownership of 0.34688 of PACS’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, PACS reported revenue of $981846000.0 and operating income of $710000.0. The EBITDA in the recently reported quarter was $5581000.0 and diluted EPS was -$0.07.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PACS since 5 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PACS analysts setting a high price target of 46.0 and a low target of 31.0, the average target price over the next 12 months is 38.5. Based on these targets, PACS could surge 205.65% to reach the target high and rise by 105.98% to reach the target low. Reaching the average price target will result in a growth of 155.81% from current levels.
Analysts have provided yearly estimates in a range of $1.48987 being high and $1.44648 being low. For PACS, this leads to a yearly average estimate of $1.47541. Based on analyst estimates, the high estimate for the next quarter is $0.41 and the low estimate is $0.37. The average estimate for the next quarter is thus $0.4.
