Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BTSG is 52.76M and currently, short sellers hold a 29.02% of that float. On April 17, 2024, BTSG’s average trading volume was 2.81M shares.
BTSG) stock’s latest price update
BrightSpring Health Services Inc (NASDAQ: BTSG)’s stock price has gone rise by 1.73 in comparison to its previous close of 10.39, however, the company has experienced a 1.44% increase in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-09 that LOUISVILLE, Ky., April 09, 2024 (GLOBE NEWSWIRE) — BrightSpring Health Services, Inc. (“BrightSpring” or the “Company”) (NASDAQ: BTSG) announced today that it plans to release its first quarter 2024 financial results on Thursday, May 2, 2024, prior to the Company’s earnings conference call, which will be held at 8:30 a.m. ET on the same day.
BTSG’s Market Performance
The volatility ratio for the week is 4.35% while the volatility levels for the last 30 days are 4.60% for BrightSpring Health Services Inc The simple moving average for the last 20 days is 5.04% for BTSG’s stock, with a simple moving average of 4.83% for the last 200 days.
Analysts’ Opinion of BTSG
Many brokerage firms have already submitted their reports for BTSG stocks, with HSBC Securities repeating the rating for BTSG by listing it as a “Buy.” The predicted price for BTSG in the upcoming period, according to HSBC Securities is $13 based on the research report published on March 06, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see BTSG reach a price target of $11.50. The rating they have provided for BTSG stocks is “Buy” according to the report published on February 27th, 2024.
Wells Fargo gave a rating of “Overweight” to BTSG, setting the target price at $15 in the report published on February 20th of the current year.
BTSG Trading at 5.81% from the 50-Day Moving Average
After a stumble in the market that brought BTSG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.93% of loss for the given period.
Volatility was left at 4.60%, however, over the last 30 days, the volatility rate increased by 4.35%, as shares surge +19.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.77% lower at present.
During the last 5 trading sessions, BTSG rose by +1.44%, in comparison to the 20-day moving average, which settled at $10.15. In addition, BrightSpring Health Services Inc saw -3.91% 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 BTSG starting from ROUSSEAU JON B, who purchase 18,400 shares at the price of $8.09 back on Mar 15 ’24. After this action, ROUSSEAU JON B now owns 369,763 shares of BrightSpring Health Services Inc, valued at $148,856 using the latest closing price.
ROUSSEAU JON B, the of BrightSpring Health Services Inc, purchase 18,400 shares at $8.09 during a trade that took place back on Mar 15 ’24, which means that ROUSSEAU JON B is holding 1,025,636 shares at $148,856 based on the most recent closing price.
Stock Fundamentals for BTSG
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
Conclusion
To wrap up, the performance of BrightSpring Health Services Inc (BTSG) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
