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Riding the Trend or Protecting Profits | Allscripts Healthcare Solutions Inc. (MDRX)

Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX) went up by 0.85% from its latest closing price compared to the recent 1-year high of $23.25. The company’s stock price has collected 0.18% of gains in the last five trading sessions.

Is It Worth Investing in Allscripts Healthcare Solutions Inc. (NASDAQ :MDRX) Right Now?

Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX) scored a price-to-earnings ratio above its average ratio, recording 17.31 x from its present earnings ratio. Plus, the 36-month beta value for MDRX is at 0.98. Opinions of the stock are interesting as 4 analysts out of 10 who provided ratings for Allscripts Healthcare Solutions Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 5 rated it as “hold,” and 1 as “sell.”

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The average price from analysts is $22.00, which is $5.41 above the current price. MDRX currently public float of 108.11M and currently shorts hold a 9.27% ratio of that float. Today, the average trading volume of MDRX was 1.27M shares.

MDRX’s Market Performance

MDRX stocks went up by 0.18% for the week, with a monthly jump of 0.18% and a quarterly performance of 9.94%, while its annual performance rate touched 21.19%. The volatility ratio for the week stands at 3.14% while the volatility levels for the past 30 days are set at 2.93% for Allscripts Healthcare Solutions Inc. The simple moving average for the period of the last 20 days is -0.89% for MDRX stocks with a simple moving average of -9.23% for the last 200 days.

Analysts’ Opinion of MDRX

Goldman, on the other hand, stated in their research note that they expect to see MDRX reach a price target of $21. The rating they have provided for MDRX stocks is “Neutral” according to the report published on July 12th, 2022.

Deutsche Bank gave a rating of “Buy” to MDRX, setting the target price at $26 in the report published on March 04th of the current year.

MDRX Trading at 1.84% from the 50-Day Moving Average

After a stumble in the market that brought MDRX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.17% of loss for the given period.

Volatility was left at 2.93%, however, over the last 30 days, the volatility rate increased by 3.14%, as shares sank -1.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.30% upper at present.

During the last 5 trading sessions, MDRX rose by +0.18%, which changed the moving average for the period of 200-days by -0.95% in comparison to the 20-day moving average, which settled at $16.84. In addition, Allscripts Healthcare Solutions Inc. saw -9.49% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MDRX starting from Jones Leah, who sale 7,000 shares at the price of $16.62 back on Sep 13. After this action, Jones Leah now owns 98,362 shares of Allscripts Healthcare Solutions Inc., valued at $116,331 using the latest closing price.

Jones Leah, the Chief Financial Officer of Allscripts Healthcare Solutions Inc., sale 3,921 shares at $17.65 during a trade that took place back on Aug 17, which means that Jones Leah is holding 109,055 shares at $69,206 based on the most recent closing price.

Stock Fundamentals for MDRX

Current profitability levels for the company are sitting at:

  • +5.79 for the present operating margin
  • +38.28 for the gross margin

The net margin for Allscripts Healthcare Solutions Inc. stands at +8.91. Equity return is now at value 4.60, with 2.80 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.39.

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