BrightSpring Health Services Inc’s Market Journey: Closing Weak at 15.78, Down -2.05

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The closing price of BrightSpring Health Services Inc (NASDAQ: BTSG) was $15.78 for the day, down -2.05% from the previous closing price of $16.11. In other words, the price has decreased by -$2.05 from its previous closing price. On the day, 0.62 million shares were traded. BTSG stock price reached its highest trading level at $16.17 during the session, while it also had its lowest trading level at $15.595.

Ratios:

Our analysis of BTSG’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.33. In the meantime, Its Debt-to-Equity ratio is 1.82 whereas as Long-Term Debt/Eq ratio is at 1.74.

On June 21, 2024, BTIG Research started tracking the stock assigning a Buy rating and target price of $15.

On March 06, 2024, HSBC Securities started tracking the stock assigning a Buy rating and target price of $13.HSBC Securities initiated its Buy rating on March 06, 2024, with a $13 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 11 ’24 when Walgreens Boots Alliance, Inc. sold 11,619,998 shares for $11.13 per share. The transaction valued at 129,330,578 led to the insider holds 23,239,996 shares of the business.

KKR Group Partnership L.P. bought 11,619,998 shares of BTSG for $129,330,578 on Sep 11 ’24. The 10% Owner now owns 92,959,984 shares after completing the transaction at $11.13 per share. On Sep 11 ’24, another insider, KKR Phoenix Aggregator L.P., who serves as the 10% Owner of the company, bought 11,619,998 shares for $11.13 each. As a result, the insider paid 129,330,578 and bolstered with 92,959,984 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BTSG now has a Market Capitalization of 2762178560 and an Enterprise Value of 5598985216. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 1.69. Its current Enterprise Value per Revenue stands at 0.563 whereas that against EBITDA is 19.613.

Stock Price History:

Over the past 52 weeks, BTSG has reached a high of $16.49, while it has fallen to a 52-week low of $7.85. The 50-Day Moving Average of the stock is 12.24%, while the 200-Day Moving Average is calculated to be 35.44%.

Shares Statistics:

BTSG traded an average of 1.28M shares per day over the past three months and 1530720 shares per day over the past ten days. A total of 171.19M shares are outstanding, with a floating share count of 53.05M. Insiders hold about 69.06% of the company’s shares, while institutions hold 46.55% stake in the company. Shares short for BTSG as of 1727654400 were 6650649 with a Short Ratio of 5.20, compared to 1724976000 on 8507339. Therefore, it implies a Short% of Shares Outstanding of 6650649 and a Short% of Float of 12.770000000000001.

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