Ardent Health Partners Inc (NYSE: ARDT)’s stock price has plunge by -3.89relation to previous closing price of 16.44. Nevertheless, the company has seen a -11.29% plunge in its stock price over the last five trading sessions. businesswire.com reported 2024-11-15 that BRENTWOOD, Tenn.–(BUSINESS WIRE)–Ardent Health (NYSE: ARDT), a leading provider of healthcare in growing midsize urban communities across the U.S., today announced that nine of its facilities earned an “A” Hospital Safety Grade from The Leapfrog Group, an independent national nonprofit watchdog focused on patient safety. Leapfrog assigns an “A,” “B,” “C,” “D” or “F” grade to general hospitals across the country based on over 30 performance measures reflecting errors, accidents, injuries and i.
Is It Worth Investing in Ardent Health Partners Inc (NYSE: ARDT) Right Now?
Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 4 as “overweight,” 2 as “hold,” and 0 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 ARDT is 22.99M, and at present, short sellers hold a 2.13% of that float. On November 22, 2024, the average trading volume of ARDT was 369.31K shares.
ARDT’s Market Performance
ARDT stock saw a decrease of -11.29% in the past week, with a monthly decline of -18.13% and a quarterly a decrease of -8.51%. The volatility ratio for the week is 5.10%, and the volatility levels for the last 30 days are 5.96% for Ardent Health Partners Inc (ARDT). The simple moving average for the last 20 days is -8.57% for ARDT stock, with a simple moving average of -11.19% for the last 200 days.
Analysts’ Opinion of ARDT
Many brokerage firms have already submitted their reports for ARDT stocks, with BofA Securities repeating the rating for ARDT by listing it as a “Neutral.” The predicted price for ARDT in the upcoming period, according to BofA Securities is $19 based on the research report published on November 06, 2024 of the current year 2024.
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see ARDT reach a price target of $24. The rating they have provided for ARDT stocks is “Overweight” according to the report published on October 11th, 2024.
Truist gave a rating of “Buy” to ARDT, setting the target price at $21 in the report published on August 12th of the current year.
ARDT Trading at -12.43% from the 50-Day Moving Average
After a stumble in the market that brought ARDT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.75% of loss for the given period.
Volatility was left at 5.96%, however, over the last 30 days, the volatility rate increased by 5.10%, as shares sank -11.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.93% lower at present.
During the last 5 trading sessions, ARDT fell by -11.29%, in comparison to the 20-day moving average, which settled at $17.28. In addition, Ardent Health Partners Inc saw -1.62% 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 ARDT starting from Webb Robert Thomas, who purchase 20,000 shares at the price of $16.98 back on Nov 08 ’24. After this action, Webb Robert Thomas now owns 40,275 shares of Ardent Health Partners Inc, valued at $339,600 using the latest closing price.
Stock Fundamentals for ARDT
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.84 for the gross margin
The net margin for Ardent Health Partners Inc stands at 0.02. The total capital return value is set at 0.06.
Based on Ardent Health Partners Inc (ARDT), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is 3.99.
Currently, EBITDA for the company is 356.69 million with net debt to EBITDA at 1.49. When we switch over and look at the enterprise to sales, we see a ratio of 0.5. The receivables turnover for the company is 8.08for trailing twelve months and the total asset turnover is 1.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.91.
Conclusion
To sum up, Ardent Health Partners Inc (ARDT) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
