The price-to-earnings ratio for Healthcare Services Group, Inc. (NASDAQ: HCSG) is above average at 23.43x. The 36-month beta value for HCSG is also noteworthy at 0.53. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for HCSG is 72.67M, and at present, short sellers hold a 3.31% of that float. The average trading volume of HCSG on October 04, 2024 was 420.69K shares.
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HCSG) stock’s latest price update
Healthcare Services Group, Inc. (NASDAQ: HCSG)’s stock price has gone decline by -4.99 in comparison to its previous close of 10.22, however, the company has experienced a -12.13% decrease in its stock price over the last five trading days. zacks.com reported 2024-07-24 that Healthcare Services (HCSG) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.12 per share a year ago.
HCSG’s Market Performance
HCSG’s stock has fallen by -12.13% in the past week, with a monthly drop of -9.93% and a quarterly drop of -9.25%. The volatility ratio for the week is 4.21% while the volatility levels for the last 30 days are 3.44% for Healthcare Services Group, Inc. The simple moving average for the past 20 days is -11.54% for HCSG’s stock, with a -11.74% 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 -10.76% 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 -25.31% of loss for the given period.
Volatility was left at 3.44%, however, over the last 30 days, the volatility rate increased by 4.21%, as shares sank -9.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.33% lower at present.
During the last 5 trading sessions, HCSG fell by -12.13%, which changed the moving average for the period of 200-days by -3.09% in comparison to the 20-day moving average, which settled at $10.92. In addition, Healthcare Services Group, Inc. saw -6.36% 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 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.
Stock Fundamentals for HCSG
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.15 for the gross margin
The net margin for Healthcare Services Group, Inc. stands at 0.02. The total capital return value is set at 0.1. Equity return is now at value 6.64, with 3.92 for asset returns.
Based on Healthcare Services Group, Inc. (HCSG), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 1.05. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is 15.54.
Currently, EBITDA for the company is 76.66 million with net debt to EBITDA at 0.16. When we switch over and look at the enterprise to sales, we see a ratio of 0.43. The receivables turnover for the company is 4.22for trailing twelve months and the total asset turnover is 2.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.74.
Conclusion
In summary, Healthcare Services Group, Inc. (HCSG) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
