Enhabit Inc (NYSE: EHAB): Hunting Genuine Value In Market Debris

Currently, there are 50.10M common shares owned by the public and among those 44.15M shares have been available to trade.

Insiders at the company have transacted a total of 50 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 36 of these insider trades were purchases, accounting for 311,125 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 12,433 shares.

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However, the script later moved the day high at 9.72, up 1.04%. The company’s stock has a 5-day price change of 8.51% and -0.92% over the past three months. EHAB shares are trading -6.38% year to date (YTD), with the 12-month market performance down to -39.40% lower. It has a 12-month low price of $7.12 and touched a high of $16.19 over the same period. EHAB has an average intraday trading volume of 482.27K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.07%, -5.54%, and -12.86% respectively.

Institutional ownership of Enhabit Inc (NYSE: EHAB) shares accounts for 102.09% of the company’s 50.10M shares outstanding.

It has a market capitalization of $485.47M and a beta (3y monthly) value of 1.41. The earnings-per-share (ttm) stands at -$1.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.48% over the week and 4.33% over the month.

Analysts forecast that Enhabit Inc (EHAB) will achieve an EPS of $0.03 for the current quarter, $0.04 for the next quarter and $0.22 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.05. Comparatively, EPS for the current quarter was $0.32 a year ago. Earnings per share for the fiscal year are expected to decrease by -87.92%, and 21.74% over the next financial year.

Looking at the support for the EHAB, a number of firms have released research notes about the stock. TD Cowen stated their Market Perform rating for the stock in a research note on December 12, 2023, with the firm’s price target at $12.

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