In the past week, BTSG stock has gone up by 7.39%, with a monthly gain of 10.17% and a quarterly surge of 1.32%. The volatility ratio for the week is 4.83%, and the volatility levels for the last 30 days are 4.02% for BrightSpring Health Services Inc The simple moving average for the past 20 days is 7.96% for BTSG’s stock, with a 12.31% simple moving average for the past 200 days.
Is It Worth Investing in BrightSpring Health Services Inc (NASDAQ: BTSG) Right Now?
Analysts have differing 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 52.83M, and currently, short sellers hold a 27.72% ratio of that floaft. The average trading volume of BTSG on May 08, 2024 was 1.85M shares.
BTSG) stock’s latest price update
The stock of BrightSpring Health Services Inc (NASDAQ: BTSG) has increased by 0.61 when compared to last closing price of 11.41. Despite this, the company has experienced a 7.39% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-04 that BrightSpring Health Services, Inc. (NASDAQ:BTSG ) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Jennifer Phipps – Chief Accounting Officer Jon Rousseau – President and CEO Jim Mattingly – CFO Conference Call Participants Jamie Perse – Goldman Sachs Brian Tanquilut – Jefferies Linda Bolduc – Morgan Stanley Whit Mayo – Leerink Partners Unidentified Analyst – Bank of America Ann Hynes – Mizuho Securities Jack Wallace – Guggenheim Securities Kieran Ryan – Deutsche Bank Operator Good day, and thank you for standing by. Welcome to the BrightSpring Health Services First Quarter 2024 Earnings Call.
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 15.20% 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 -5.44% of loss for the given period.
Volatility was left at 4.02%, however, over the last 30 days, the volatility rate increased by 4.83%, as shares surge +10.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.97% upper at present.
During the last 5 trading sessions, BTSG rose by +7.39%, in comparison to the 20-day moving average, which settled at $10.69. In addition, BrightSpring Health Services Inc saw 4.36% 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 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 1.26.
Conclusion
In a nutshell, BrightSpring Health Services Inc (BTSG) has experienced a better performance in recent times. The stock has received mixed “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.
