The stock of AMN Healthcare Services Inc. (NYSE: AMN) has decreased by -1.55 when compared to last closing price of 49.77. Despite this, the company has experienced a -8.48% fall in its stock price over the last five trading sessions. zacks.com reported 2024-06-26 that AMN, ALNT and DNZOY have been added to the Zacks Rank #5 (Strong Sell) List on June 26, 2024.
Is It Worth Investing in AMN Healthcare Services Inc. (NYSE: AMN) Right Now?
The price-to-earnings ratio for AMN Healthcare Services Inc. (NYSE: AMN) is above average at 13.18x, Company’s 36-month beta value is 0.13.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for AMN is 37.73M, and currently, short sellers hold a 13.46% ratio of that floaft. The average trading volume of AMN on July 04, 2024 was 790.48K shares.
AMN’s Market Performance
The stock of AMN Healthcare Services Inc. (AMN) has seen a -8.48% decrease in the past week, with a -11.65% drop in the past month, and a -15.97% fall in the past quarter. The volatility ratio for the week is 3.46%, and the volatility levels for the past 30 days are at 3.55% for AMN. The simple moving average for the last 20 days is -7.54% for AMN stock, with a simple moving average of -26.08% for the last 200 days.
Analysts’ Opinion of AMN
Many brokerage firms have already submitted their reports for AMN stocks, with JMP Securities repeating the rating for AMN by listing it as a “Mkt Outperform.” The predicted price for AMN in the upcoming period, according to JMP Securities is $85 based on the research report published on December 06, 2023 of the previous year 2023.
Jefferies gave a rating of “Hold” to AMN, setting the target price at $70 in the report published on November 03rd of the previous year.
AMN Trading at -12.47% from the 50-Day Moving Average
After a stumble in the market that brought AMN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -56.42% of loss for the given period.
Volatility was left at 3.55%, however, over the last 30 days, the volatility rate increased by 3.46%, as shares sank -9.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.69% lower at present.
During the last 5 trading sessions, AMN fell by -7.84%, which changed the moving average for the period of 200-days by -43.98% in comparison to the 20-day moving average, which settled at $52.74. In addition, AMN Healthcare Services Inc. saw -34.56% 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 AMN starting from Caballero Jorge A., who purchase 2,000 shares at the price of $56.80 back on Mar 06 ’24. After this action, Caballero Jorge A. now owns 2,437 shares of AMN Healthcare Services Inc., valued at $113,600 using the latest closing price.
Fontenot Teri G., the Director of AMN Healthcare Services Inc., purchase 1,732 shares at $57.64 during a trade that took place back on Mar 04 ’24, which means that Fontenot Teri G. is holding 4,558 shares at $99,832 based on the most recent closing price.
Stock Fundamentals for AMN
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.3 for the gross margin
The net margin for AMN Healthcare Services Inc. stands at 0.04. The total capital return value is set at 0.11. Equity return is now at value 15.90, with 5.00 for asset returns.
Based on AMN Healthcare Services Inc. (AMN), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 1.49. The interest coverage ratio of the stock is 4.7.
Currently, EBITDA for the company is 499.36 million with net debt to EBITDA at 2.99. When we switch over and look at the enterprise to sales, we see a ratio of 0.9. The receivables turnover for the company is 5.15for trailing twelve months and the total asset turnover is 1.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.27.
Conclusion
In a nutshell, AMN Healthcare Services Inc. (AMN) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
