The stock of BrightSpring Health Services Inc (NASDAQ: BTSG) has increased by 1.70 when compared to last closing price of 15.29. Despite this, the company has experienced a 3.60% gain in its stock price over the last five trading sessions. gurufocus.com reported 2024-10-07 that On September 30, 2024, FMR LLC (Trades, Portfolio) made a significant addition to its investment portfolio by acquiring 18,498,153 shares of BrightSpring Health Services Inc (BTSG, Financial). This transaction, executed at a price of $14.68 per share, reflects a strategic move by the firm, aligning with its broader investment objectives.
Is It Worth Investing in BrightSpring Health Services Inc (NASDAQ: BTSG) Right Now?
Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 5 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for BTSG is 53.05M, and currently, short sellers hold a 12.54% ratio of that floaft. The average trading volume of BTSG on October 15, 2024 was 1.20M shares.
BTSG’s Market Performance
The stock of BrightSpring Health Services Inc (BTSG) has seen a 3.60% increase in the past week, with a 11.71% rise in the past month, and a 31.22% gain in the past quarter. The volatility ratio for the week is 3.95%, and the volatility levels for the past 30 days are at 3.74% for BTSG. The simple moving average for the last 20 days is 3.91% for BTSG stock, with a simple moving average of 35.10% for the last 200 days.
Analysts’ Opinion of BTSG
BTIG Research, on the other hand, stated in their research note that they expect to see BTSG reach a price target of $15. The rating they have provided for BTSG stocks is “Buy” according to the report published on June 21st, 2024.
HSBC Securities gave a rating of “Buy” to BTSG, setting the target price at $13 in the report published on March 06th of the current year.
BTSG Trading at 14.96% 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 -0.89% of loss for the given period.
Volatility was left at 3.74%, however, over the last 30 days, the volatility rate increased by 3.95%, as shares surge +6.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +39.12% upper at present.
During the last 5 trading sessions, BTSG rose by +3.53%, in comparison to the 20-day moving average, which settled at $14.96. In addition, BrightSpring Health Services Inc saw 41.36% 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 Walgreens Boots Alliance, Inc., who sale 11,619,998 shares at the price of $11.13 back on Sep 11 ’24. After this action, Walgreens Boots Alliance, Inc. now owns 23,239,996 shares of BrightSpring Health Services Inc, valued at $129,330,578 using the latest closing price.
KKR Group Partnership L.P., the 10% Owner of BrightSpring Health Services Inc, purchase 11,619,998 shares at $11.13 during a trade that took place back on Sep 11 ’24, which means that KKR Group Partnership L.P. is holding 92,959,984 shares at $129,330,578 based on the most recent closing price.
Stock Fundamentals for BTSG
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.15 for the gross margin
The net margin for BrightSpring Health Services Inc stands at -0.02. The total capital return value is set at 0.04. Equity return is now at value -13.88, with -2.95 for asset returns.
Based on BrightSpring Health Services Inc (BTSG), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 1.68. The interest coverage ratio of the stock is 0.7.
Currently, EBITDA for the company is 392.1 million with net debt to EBITDA at 7.2. When we switch over and look at the enterprise to sales, we see a ratio of 0.56. The receivables turnover for the company is 9.06for trailing twelve months and the total asset turnover is 1.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.
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.
