Are Analysts Expecting A Better 2020 For BrightSpring Health Services Inc (BTSG)?

BrightSpring Health Services Inc (BTSG) concluded trading on Thursday at a closing price of $14.04, with 2.61 million shares of worth about $36.68 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 60.46% during that period and on September 12, 2024 the price saw a gain of about 3.85%. Currently the company’s common shares owned by public are about 171.19M shares, out of which, 53.05M shares are available for trading.

Stock saw a price change of 8.00% in past 5 days and over the past one month there was a price change of 18.58%. Over the period of past 52 weeks, stock dropped to lowest price of $7.85 but also hit the highest price of $13.68 during that period. The average intraday trading volume for BrightSpring Health Services Inc shares is 933.26K. The stock is currently trading 11.62% above its 20-day simple moving average (SMA20), while that difference is up 16.93% for SMA50 and it goes to 27.56% higher than SMA200.

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BrightSpring Health Services Inc (NASDAQ: BTSG) currently have 171.19M outstanding shares and institutions hold larger chunk of about 46.53% of that.

The stock has a current market capitalization of $2.41B. It has posted earnings per share of -$0.95 in the same period. It has Quick Ratio of 1.00 while making debt-to-equity ratio of 1.82. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BTSG, volatility over the week remained 3.25% while standing at 3.08% over the month.

Stock’s fiscal year EPS is expected to rise by 142.54% while it is estimated to increase by 33.50% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BTIG Research on June 21, 2024 offering a Buy rating for the stock and assigned a target price of $15 to it. Coverage by HSBC Securities stated BrightSpring Health Services Inc (BTSG) stock as a Buy in their note to investors on March 06, 2024, suggesting a price target of $13 for the stock. On February 27, 2024, Deutsche Bank Upgrade their recommendations, while on February 20, 2024, Wells Fargo Initiated their ratings for the stock with a price target of $15. Stock get a Buy rating from UBS on February 20, 2024.

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