In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The price of BrightSpring Health Services Inc (NASDAQ: BTSG) closed at $22.73 in the last session, down -4.17% from day before closing price of $23.72. In other words, the price has decreased by -$4.17 from its previous closing price. On the day, 1.77 million shares were traded. BTSG stock price reached its highest trading level at $23.81 during the session, while it also had its lowest trading level at $22.4.
Ratios:
We take a closer look at BTSG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.97 and its Current Ratio is at 1.35. In the meantime, Its Debt-to-Equity ratio is 1.83 whereas as Long-Term Debt/Eq ratio is at 1.75.
On June 21, 2024, BTIG Research started tracking the stock assigning a Buy rating and target price of $15.BTIG Research initiated its Buy rating on June 21, 2024, with a $15 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 3957883904 and an Enterprise Value of 6879104512. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.37 while its Price-to-Book (P/B) ratio in mrq is 2.45. Its current Enterprise Value per Revenue stands at 0.65 whereas that against EBITDA is 17.482.
Stock Price History:
The Beta on a monthly basis for BTSG is 1.56, which has changed by 1.1524501 over the last 52 weeks, in comparison to a change of 0.25219524 over the same period for the S&P500. Over the past 52 weeks, BTSG has reached a high of $23.77, while it has fallen to a 52-week low of $7.85. The 50-Day Moving Average of the stock is 21.93%, while the 200-Day Moving Average is calculated to be 60.09%.
Shares Statistics:
According to the various share statistics, BTSG traded on average about 1.49M shares per day over the past 3-months and 1935570 shares per day over the past 10 days. A total of 174.08M shares are outstanding, with a floating share count of 55.74M. Insiders hold about 67.99% of the company’s shares, while institutions hold 46.76% stake in the company. Shares short for BTSG as of 1736899200 were 8519154 with a Short Ratio of 5.73, compared to 1734048000 on 7338869. Therefore, it implies a Short% of Shares Outstanding of 8519154 and a Short% of Float of 15.560001000000002.
