The stock price of PACS Group Inc. (NYSE: PACS) has jumped by 0.14 compared to previous close of 42.00. Despite this, the company has seen a gain of 1.72% in its stock price over the last five trading days. zacks.com reported 2024-10-18 that Investors with an interest in Medical Services stocks have likely encountered both Life Time Group Holdings, Inc. (LTH) and PACS Group, Inc. (PACS). But which of these two companies is the best option for those looking for undervalued stocks?
Is It Worth Investing in PACS Group Inc. (NYSE: PACS) Right Now?
Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for PACS is 37.97M, and at present, short sellers hold a 7.95% of that float. On October 24, 2024, the average trading volume of PACS was 684.74K shares.
PACS’s Market Performance
PACS stock saw an increase of 1.72% in the past week, with a monthly gain of 5.49% and a quarterly increase of 20.58%. The volatility ratio for the week is 2.95%, and the volatility levels for the last 30 days are 3.16% for PACS Group Inc. (PACS). The simple moving average for the last 20 days is 5.18% for PACS’s stock, with a simple moving average of 26.80% for the last 200 days.
Analysts’ Opinion of PACS
Many brokerage firms have already submitted their reports for PACS stocks, with UBS repeating the rating for PACS by listing it as a “Buy.” The predicted price for PACS in the upcoming period, according to UBS is $50 based on the research report published on October 09, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see PACS reach a price target of $45. The rating they have provided for PACS stocks is “Buy” according to the report published on September 11th, 2024.
Macquarie gave a rating of “Outperform” to PACS, setting the target price at $35 in the report published on June 28th of the current year.
PACS Trading at 5.58% from the 50-Day Moving Average
After a stumble in the market that brought PACS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.55% of loss for the given period.
Volatility was left at 3.16%, however, over the last 30 days, the volatility rate increased by 2.95%, as shares surge +8.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.17% upper at present.
During the last 5 trading sessions, PACS rose by +3.65%, in comparison to the 20-day moving average, which settled at $40.03. In addition, PACS Group Inc. saw 82.87% 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 PACS starting from Hancock Mark, who sale 8,128,352 shares at the price of $36.25 back on Sep 09 ’24. After this action, Hancock Mark now owns 45,126,199 shares of PACS Group Inc., valued at $294,652,760 using the latest closing price.
Murray Jason Hulse, the Co-Founder, CEO & Chairman of PACS Group Inc., sale 8,128,352 shares at $36.25 during a trade that took place back on Sep 09 ’24, which means that Murray Jason Hulse is holding 45,126,199 shares at $294,652,760 based on the most recent closing price.
Stock Fundamentals for PACS
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.14 for the gross margin
The net margin for PACS Group Inc. stands at 0.02. The total capital return value is set at 0.02.
Based on PACS Group Inc. (PACS), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 1.06. The interest coverage ratio of the stock is 3.31.
Currently, EBITDA for the company is 233.4 million with net debt to EBITDA at 26.89. When we switch over and look at the enterprise to sales, we see a ratio of 4.8. The receivables turnover for the company is 2.9for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.71.
Conclusion
To sum up, PACS Group Inc. (PACS) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
