In a recent bid Allscripts Healthcare Solutions Inc. [MDRX] faced a contemporary bid of $12.93 yielding a 2.39% incline where 0.7 million shares have exchanged hands over the last week. MDRX amount got a boost by 4.23% or $0.53 versus $12.40 at the end of the prior session. This change led market cap to move at 1.90B, putting the price 183.44% below the 52-week high and 2.91% above the 52-week low. The company’s stock has a normal trading capacity of 0.7 million shares while the relative volume is 1.16.
On 18, November 2020, Allscripts Announces New Share Repurchase Program. According to news published on Yahoo Finance, Allscripts Healthcare Solutions (NASDAQ MDRX) announced today that its Board of Directors has approved a new share repurchase program under which Allscripts may purchase up to $300 million of its common stock through December 31, 2021.
Analyst Birdseye View:
The most recent analyst activity for Allscripts Healthcare Solutions Inc. [NASDAQ:MDRX] stock was on October 23, 2020, when it was Downgrade with an Underweight rating from JP Morgan, which also raised its 12-month price target on the stock from $9 to $11. Before that, on November 11, 2020, Argus Recapitulated a Buy rating and elevated its amount target to $14. On October 19, 2020, Robert W. Baird Downgrade a Neutral rating and boosted its price target on this stock to $13. On July 21, 2020, Goldman Downgrade a Sell rating and decreased its price target from $6.50 to $5.50. On April 22, 2020, Jefferies Downgrade a Hold rating and decreased its price target to $7. On April 21, 2020, RBC Capital Mkts Initiated an Outperform rating and boosted its amount on this stock to $8. On April 13, 2020, SVB Leerink Initiated a Mkt perform rating. On November 26, 2019, UBS Initiated a Neutral rating and amplified its amount target to $11.50.
In the past 52 weeks of trading, this stock has oscillated between a low of $4.56 and a peak of $12.56. Right now, the middling Wall Street analyst 12-month amount mark is $11.50. At the most recent market close, shares of Allscripts Healthcare Solutions Inc. [NASDAQ:MDRX] were valued at $12.93. According to the average price forecast, investors can expect a potential return of -2.87%.
This company’s Gross Margin is currently 39.60% and its Operating Margin is -2.60%.
Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 12.09 points at 1st support level, the second support level is making up to 11.79. But as of 1st resistance point, this stock is sitting at 12.62 and at 12.85 for 2nd resistance point.
Allscripts Healthcare Solutions Inc. [MDRX] reported its earnings at $0.2 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.19/share signifying the difference of 0.01 and 5.30% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.18 calling estimates for $0.12/share with the difference of 0.06 depicting the surprise of 50.00%.
Important Ratio’s To Watch
Meanwhile, turning our focus to liquidity, the Current Ratio for Allscripts Healthcare Solutions Inc. [NASDAQ:MDRX] is 1.30.
The most recent insider trade was by Black Paul, CEO, and it was the sale of 30000.0 shares on Oct 14. Khorey Lisa, the Chief Client Delivery Officer, completed a sale of 15000.0 shares on Oct 14. On Jun 05, Khorey Lisa, Chief Client Delivery Officer, completed a sale of 30000.0 shares.