Closing Bell Recap: Surgery Partners Inc (SGRY) Ends at 28.62, Reflecting a -1.38 Downturn

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Surgery Partners Inc (NASDAQ: SGRY) closed the day trading at $28.62 down -1.38% from the previous closing price of $29.02. In other words, the price has decreased by -$1.38 from its previous closing price. On the day, 0.82 million shares were traded. SGRY stock price reached its highest trading level at $29.41 during the session, while it also had its lowest trading level at $28.52.

Ratios:

For a better understanding of SGRY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.83. For the most recent quarter (mrq), Quick Ratio is recorded 1.69 and its Current Ratio is at 1.83. In the meantime, Its Debt-to-Equity ratio is 1.76 whereas as Long-Term Debt/Eq ratio is at 1.69.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Macquarie on June 28, 2024, initiated with a Outperform rating and assigned the stock a target price of $31.

On March 06, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $35.

TD Cowen Upgraded its Market Perform to Outperform on November 14, 2023, whereas the target price for the stock was revised from $39 to $35.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 12 ’24 when Burkhalter Danielle sold 6,000 shares for $26.39 per share. The transaction valued at 158,310 led to the insider holds 30,354 shares of the business.

Owens Bradley R. sold 6,000 shares of SGRY for $165,900 on May 31 ’24. The National Group President now owns 72,338 shares after completing the transaction at $27.65 per share. On Mar 14 ’24, another insider, Doherty David T, who serves as the Chief Financial Officer of the company, sold 721 shares for $28.59 each. As a result, the insider received 20,613 and left with 95,719 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, SGRY now has a Market Capitalization of 3638288896 and an Enterprise Value of 8508770304. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.26 while its Price-to-Book (P/B) ratio in mrq is 1.86. Its current Enterprise Value per Revenue stands at 2.945 whereas that against EBITDA is 14.782.

Stock Price History:

Over the past 52 weeks, SGRY has reached a high of $37.83, while it has fallen to a 52-week low of $22.05. The 50-Day Moving Average of the stock is 6.07%, while the 200-Day Moving Average is calculated to be -0.87%.

Shares Statistics:

Over the past 3-months, SGRY traded about 1.04M shares per day on average, while over the past 10 days, SGRY traded about 788330 shares per day. A total of 126.59M shares are outstanding, with a floating share count of 70.84M. Insiders hold about 44.27% of the company’s shares, while institutions hold 68.98% stake in the company. Shares short for SGRY as of 1722384000 were 10949625 with a Short Ratio of 10.52, compared to 1719532800 on 11812682. Therefore, it implies a Short% of Shares Outstanding of 10949625 and a Short% of Float of 18.959999.

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