Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Healthcare Services Group, Inc. (NASDAQ: HCSG) was $10.85 for the day, down -1.36% from the previous closing price of $11.00. In other words, the price has decreased by -$1.36 from its previous closing price. On the day, 0.61 million shares were traded. HCSG stock price reached its highest trading level at $11.025 during the session, while it also had its lowest trading level at $10.78.
Ratios:
Our analysis of HCSG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.39. For the most recent quarter (mrq), Quick Ratio is recorded 2.69 and its Current Ratio is at 2.77. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.02.
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 the company, Jefferies on March 24, 2023, Upgraded its rating to Hold and sets its target price to $14 from $8.50 previously.
On February 17, 2023, RBC Capital Mkts Upgraded its rating to Outperform which previously was Sector Perform and also upped its target price recommendation from $14 to $17.
The Benchmark Company Upgraded its Hold to Buy on October 20, 2022, while the target price for the stock was maintained at $18.
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 Feb 28 ’24 when Brophy Andrew M sold 1,125 shares for $12.58 per share. The transaction valued at 14,152 led to the insider holds 7,741 shares of the business.
Simmons Kurt JR bought 1,005 shares of HCSG for $15,005 on Jun 30 ’23. The Director now owns 8,542 shares after completing the transaction at $14.93 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HCSG now has a Market Capitalization of 798376704 and an Enterprise Value of 752315008. As of this moment, Healthcare’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.58, and their Forward P/E ratio for the next fiscal year is 12.46. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.48 while its Price-to-Book (P/B) ratio in mrq is 1.68. Its current Enterprise Value per Revenue stands at 0.448 whereas that against EBITDA is 12.985.
Stock Price History:
Over the past 52 weeks, HCSG has reached a high of $15.97, while it has fallen to a 52-week low of $8.75. The 50-Day Moving Average of the stock is -11.03%, while the 200-Day Moving Average is calculated to be -2.57%.
Shares Statistics:
HCSG traded an average of 525.33K shares per day over the past three months and 472830 shares per day over the past ten days. A total of 73.34M shares are outstanding, with a floating share count of 73.02M. Insiders hold about 0.77% of the company’s shares, while institutions hold 100.60% stake in the company. Shares short for HCSG as of 1713139200 were 2908118 with a Short Ratio of 5.54, compared to 1710460800 on 3213975. Therefore, it implies a Short% of Shares Outstanding of 2908118 and a Short% of Float of 5.55.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.83.
