Healthcare Services Group, Inc. (NASDAQ: HCSG) has a price-to-earnings ratio that is above its average at 24.12x. The stock has a 36-month beta value of 0.49. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 3 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for HCSG is 73.02M, and at present, short sellers hold a 4.40% of that float. On March 29, 2024, the average trading volume of HCSG was 565.28K shares.
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HCSG) stock’s latest price update
Healthcare Services Group, Inc. (NASDAQ: HCSG)’s stock price has dropped by -0.40 in relation to previous closing price of 12.53. Nevertheless, the company has seen a gain of 0.81% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-15 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
HCSG’s Market Performance
Healthcare Services Group, Inc. (HCSG) has seen a 0.81% rise in stock performance for the week, with a -1.65% decline in the past month and a 21.05% surge in the past quarter. The volatility ratio for the week is 1.92%, and the volatility levels for the past 30 days are at 2.14% for HCSG. The simple moving average for the past 20 days is 0.45% for HCSG’s stock, with a 9.48% simple moving average for the past 200 days.
Analysts’ Opinion of HCSG
Many brokerage firms have already submitted their reports for HCSG stocks, with Jefferies repeating the rating for HCSG by listing it as a “Hold.” The predicted price for HCSG in the upcoming period, according to Jefferies is $14 based on the research report published on March 24, 2023 of the previous year 2023.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see HCSG reach a price target of $17, previously predicting the price at $14. The rating they have provided for HCSG stocks is “Outperform” according to the report published on February 17th, 2023.
The Benchmark Company gave a rating of “Buy” to HCSG, setting the target price at $18 in the report published on October 20th of the previous year.
HCSG Trading at 11.00% from the 50-Day Moving Average
After a stumble in the market that brought HCSG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.85% of loss for the given period.
Volatility was left at 2.14%, however, over the last 30 days, the volatility rate increased by 1.92%, as shares sank -2.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.54% upper at present.
During the last 5 trading sessions, HCSG rose by +0.81%, which changed the moving average for the period of 200-days by -13.33% in comparison to the 20-day moving average, which settled at $12.41. In addition, Healthcare Services Group, Inc. saw 20.35% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HCSG starting from Brophy Andrew M, who sale 1,125 shares at the price of $12.58 back on Feb 28 ’24. After this action, Brophy Andrew M now owns 7,741 shares of Healthcare Services Group, Inc., valued at $14,152 using the latest closing price.
Simmons Kurt JR, the Director of Healthcare Services Group, Inc., purchase 1,005 shares at $14.93 during a trade that took place back on Jun 30 ’23, which means that Simmons Kurt JR is holding 8,542 shares at $15,005 based on the most recent closing price.
Stock Fundamentals for HCSG
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.13 for the gross margin
The net margin for Healthcare Services Group, Inc. stands at 0.02. The total capital return value is set at 0.11. Equity return is now at value 8.70, with 5.02 for asset returns.
Based on Healthcare Services Group, Inc. (HCSG), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 1.0. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is -16.81.
Currently, EBITDA for the company is 76.66 million with net debt to EBITDA at -0.15. When we switch over and look at the enterprise to sales, we see a ratio of 0.54. The receivables turnover for the company is 4.36for trailing twelve months and the total asset turnover is 2.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.64.
Conclusion
To sum up, Healthcare Services Group, Inc. (HCSG) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
