Healthcare Services Group, Inc. [HCSG] stock is trading at $12.69, up 1.12%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HCSG shares have gain 4.79% over the last week, with a monthly amount glided 29.49%, and seem to be holding up well over a long-time horizon.
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On 14, February 2024, HCSG Reports Q4 2023 Results. In a post published today on Yahoo Finance, Exceeds Earnings and Cash Flow Expectations, Revenue In-Line.
From an analyst’s perspective:
Healthcare Services Group, Inc. [NASDAQ: HCSG] stock has seen the most recent analyst activity on March 24, 2023, when Jefferies upgraded its rating to a Hold and also boosted its price target to $14 from $8.50. Previously, RBC Capital Mkts upgraded its rating to Outperform on February 17, 2023, and elevated its price target to $17. On October 20, 2022, upgrade upgraded it’s rating to Buy but maintained its price target of $18 on the stock. Jefferies downgraded its rating to a Underperform and decreased its price target to $13.50 on February 10, 2022. William Blair downgraded its rating to a Mkt Perform. In a note dated July 23, 2020, Robert W. Baird downgraded an Neutral rating on this stock.
Healthcare Services Group, Inc. [HCSG] stock has fluctuated between $8.75 and $15.97 over the past year. Currently, Wall Street analysts expect the stock to reach $19 within the next 12 months. Healthcare Services Group, Inc. [NASDAQ: HCSG] shares were valued at $12.69 at the most recent close of the market. An investor can expect a potential return of 49.72% based on the average HCSG price forecast.
Analyzing the HCSG fundamentals
Healthcare Services Group, Inc. [NASDAQ:HCSG] reported sales of 1.67B for the trailing twelve months, which represents a drop of -0.04%. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.09 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.1.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.48 points at the first support level, and at 12.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.82, and for the 2nd resistance point, it is at 12.95.
Healthcare Services Group, Inc. [HCSG] reported earnings per share of $0.31 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.16/share, meaning a difference of $0.15 and a surprise factor of 93.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.07 per share as compared to estimates of $0.18 per share, a difference of -$0.25 representing a surprise of -138.90%.
Ratios To Look Out For
For context, Healthcare Services Group, Inc.’s Current Ratio is 2.64. Also, the Quick Ratio is 2.55, while the Cash Ratio stands at 0.25. Considering the valuation of this stock, the price to sales ratio is 0.56, the price to book ratio is 2.04 and price to earnings (TTM) ratio is 24.52.
Transactions by insiders
Recent insider trading involved Simmons Kurt JR, Director, that happened on Jun 30 when 1005.0 shares were purchased.
