In the Green: BrightSpring Health Services Inc (BTSG) Closes at 15.03, Up/Down 1.08 from Previous Day

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In the latest session, BrightSpring Health Services Inc (NASDAQ: BTSG) closed at $15.03 up 1.08% from its previous closing price of $14.87. In other words, the price has increased by $1.08 from its previous closing price. On the day, 1.91 million shares were traded. BTSG stock price reached its highest trading level at $15.2 during the session, while it also had its lowest trading level at $14.91.

Ratios:

For a deeper understanding of BrightSpring Health Services Inc’s stock, let’s take a closer look at its various ratios. 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.

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, BTIG Research on June 21, 2024, initiated with a Buy rating and assigned the stock a target price of $15.

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

Deutsche Bank Upgraded its Hold to Buy on February 27, 2024, while the target price for the stock was maintained at $11.50.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 2577013760 and an Enterprise Value of 5470392320. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.26 while its Price-to-Book (P/B) ratio in mrq is 1.61. Its current Enterprise Value per Revenue stands at 0.55 whereas that against EBITDA is 19.163.

Stock Price History:

Over the past 52 weeks, BTSG has reached a high of $15.38, while it has fallen to a 52-week low of $7.85. The 50-Day Moving Average of the stock is 21.97%, while the 200-Day Moving Average is calculated to be 35.33%.

Shares Statistics:

For the past three months, BTSG has traded an average of 1.10M shares per day and 2176990 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 46.53% stake in the company. Shares short for BTSG as of 1724976000 were 8507339 with a Short Ratio of 7.71, compared to 1722384000 on 9238676. Therefore, it implies a Short% of Shares Outstanding of 8507339 and a Short% of Float of 16.34.

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