Enhabit Inc (NYSE: EHAB)’s stock price has soared by 0.98 in relation to previous closing price of 8.16. Nevertheless, the company has seen a gain of 5.10% in its stock price over the last five trading days. prnewswire.com reported 2024-09-06 that NEW YORK, Sept. 6, 2024 /PRNewswire/ — S&P Dow Jones Indices (“S&P DJI”) will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance.
Is It Worth Investing in Enhabit Inc (NYSE: EHAB) Right Now?
The 36-month beta value for EHAB is at 1.34. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 7 as “hold,” and 1 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for EHAB is 44.00M, and currently, shorts hold a 7.50% of that float. The average trading volume for EHAB on September 20, 2024 was 569.47K shares.
EHAB’s Market Performance
EHAB stock saw an increase of 5.10% in the past week, with a monthly gain of 1.35% and a quarterly increase of -6.47%. The volatility ratio for the week is 4.68%, and the volatility levels for the last 30 days are 4.96% for Enhabit Inc (EHAB). The simple moving average for the last 20 days is 2.21% for EHAB’s stock, with a simple moving average of -14.24% for the last 200 days.
Analysts’ Opinion of EHAB
Many brokerage firms have already submitted their reports for EHAB stocks, with Leerink Partners repeating the rating for EHAB by listing it as a “Market Perform.” The predicted price for EHAB in the upcoming period, according to Leerink Partners is $8.50 based on the research report published on May 14, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see EHAB reach a price target of $8.75, previously predicting the price at $14. The rating they have provided for EHAB stocks is “Hold” according to the report published on May 09th, 2024.
UBS gave a rating of “Neutral” to EHAB, setting the target price at $9.50 in the report published on March 07th of the current year.
EHAB Trading at -6.40% from the 50-Day Moving Average
After a stumble in the market that brought EHAB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.92% of loss for the given period.
Volatility was left at 4.96%, however, over the last 30 days, the volatility rate increased by 4.68%, as shares surge +2.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.52% lower at present.
During the last 5 trading sessions, EHAB rose by +5.10%, which changed the moving average for the period of 200-days by -24.61% in comparison to the 20-day moving average, which settled at $8.07. In addition, Enhabit Inc saw -20.39% 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 EHAB starting from Bolton Jeffrey, who purchase 5,000 shares at the price of $8.01 back on Aug 22 ’24. After this action, Bolton Jeffrey now owns 78,877 shares of Enhabit Inc, valued at $40,050 using the latest closing price.
Bolton Jeffrey, the Director of Enhabit Inc, purchase 5,000 shares at $8.29 during a trade that took place back on Aug 09 ’24, which means that Bolton Jeffrey is holding 73,877 shares at $41,450 based on the most recent closing price.
Stock Fundamentals for EHAB
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.47 for the gross margin
The net margin for Enhabit Inc stands at -0.01. The total capital return value is set at 0.03. Equity return is now at value -1.30, with -0.62 for asset returns.
Based on Enhabit Inc (EHAB), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 0.8. The interest coverage ratio of the stock is 0.81.
Currently, EBITDA for the company is 69.1 million with net debt to EBITDA at 8.28. When we switch over and look at the enterprise to sales, we see a ratio of 0.94. The receivables turnover for the company is 6.28for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
Conclusion
In conclusion, Enhabit Inc (EHAB) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
