The stock price of Enhabit Inc (NYSE: EHAB) has plunged by -2.23 when compared to previous closing price of 7.61, but the company has seen a -6.06% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-09 that Enhabit, Inc. (NYSE:EHAB ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Jobie Williams – Senior Vice President and Treasurer Barb Jacobsmeyer – President and Chief Executive Officer Crissy Carlisle – Chief Financial Officer Conference Call Participants Brian Tanquilut – Jefferies A. J. Rice – UBS Ryan Langston – TD Cowen Operator Good morning, everyone and welcome to Enhabit’s Home Health and Hospice’s Third Quarter, 2024 Earnings Conference Call.
Is It Worth Investing in Enhabit Inc (NYSE: EHAB) Right Now?
Additionally, the 36-month beta value for EHAB is 1.43. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it 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 43.98M and currently, short sellers hold a 3.06% ratio of that float. The average trading volume of EHAB on November 15, 2024 was 619.33K shares.
EHAB’s Market Performance
EHAB stock saw an increase of -6.06% in the past week, with a monthly gain of 0.27% and a quarterly increase of -11.00%. The volatility ratio for the week is 6.03%, and the volatility levels for the last 30 days are 3.98% for Enhabit Inc (EHAB). The simple moving average for the last 20 days is 0.74% for EHAB stock, with a simple moving average of -17.18% 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 -1.65% 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 -36.63% of loss for the given period.
Volatility was left at 3.98%, however, over the last 30 days, the volatility rate increased by 6.03%, as shares surge +1.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.42% lower at present.
During the last 5 trading sessions, EHAB fell by -6.06%, which changed the moving average for the period of 200-days by -26.26% in comparison to the 20-day moving average, which settled at $7.39. In addition, Enhabit Inc saw -28.12% 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 7,000 shares at the price of $7.77 back on Nov 08 ’24. After this action, Bolton Jeffrey now owns 91,144 shares of Enhabit Inc, valued at $54,377 using the latest closing price.
Bolton Jeffrey, the Director of Enhabit Inc, purchase 3,000 shares at $7.60 during a trade that took place back on Nov 12 ’24, which means that Bolton Jeffrey is holding 94,144 shares at $22,800 based on the most recent closing price.
Stock Fundamentals for EHAB
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.32 for the gross margin
The net margin for Enhabit Inc stands at -0.11. The total capital return value is set at -0.06. Equity return is now at value -18.77, with -8.46 for asset returns.
Based on Enhabit Inc (EHAB), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 0.95. The interest coverage ratio of the stock is -1.53.
Currently, EBITDA for the company is -16.5 million with net debt to EBITDA at 6.29. When we switch over and look at the enterprise to sales, we see a ratio of 0.88. The receivables turnover for the company is 6.87for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.46.
Conclusion
In conclusion, Enhabit Inc (EHAB) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
