AdaptHealth Corp [AHCO] stock prices are down -0.27% to $11.05 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AHCO shares have gain 7.49% over the last week, with a monthly amount glided 46.94%, and seem to be holding up well over a long-time horizon.
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On 4, March 2024, AdaptHealth Corp. to Participate in the Barclays 26th Annual Global Healthcare Conference. In a post published today on Yahoo Finance, AdaptHealth Corp. (NASDAQ: AHCO) (“AdaptHealth” or the “Company”), a national leader in providing patient-centered, healthcare-at-home solutions including home medical equipment, medical supplies, and related services, announced today that Richard Barasch, Chairman and interim CEO, and Jason Clemens, CFO, will participate in the Barclays 26th Annual Global Healthcare Conference, being held in Miami, on Tuesday, March 12, 2024, including a fireside chat at 4:35pm ET.
From an analyst’s perspective:
AdaptHealth Corp [NASDAQ: AHCO] stock has seen the most recent analyst activity on January 08, 2024, when Jefferies downgraded its rating to a Hold and also revised its price target to $8 from $14.50. Previously, BofA Securities downgraded its rating to Underperform on November 08, 2023, and dropped its price target to $6.50. On May 10, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $11 on the stock. Deutsche Bank downgraded its rating to a Hold and decreased its price target to $11.30 on May 10, 2023. BofA Securities downgraded its rating to a Neutral and reduced its price target to $12 on May 09, 2023. SVB Leerink started tracking with a Outperform rating for this stock on September 27, 2021, and assigned it a price target of $30. In a note dated July 14, 2021, Robert W. Baird upgraded an Outperform rating on this stock and boosted its target price from $30 to $36.
The stock price of AdaptHealth Corp [AHCO] has been fluctuating between $6.37 and $15.37 over the past year. Currently, Wall Street analysts expect the stock to reach $28.5 within the next 12 months. AdaptHealth Corp [NASDAQ: AHCO] shares were valued at $11.05 at the most recent close of the market. An investor can expect a potential return of 157.92% based on the average AHCO price forecast.
Analyzing the AHCO fundamentals
The AdaptHealth Corp [NASDAQ:AHCO] reported sales of 3.20B for trailing twelve months, representing a surge of 9.99%. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.23%, and Net Profit Margin reading is -0.21%. To continue investigating profitability, this company’s Return on Assets is posted at -0.15, Equity is -0.36 and Total Capital is -0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.5.
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 10.94 points at the first support level, and at 10.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.22, and for the 2nd resistance point, it is at 11.39.
AdaptHealth Corp [AHCO] reported earnings per share of -$1.91 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 $0.18/share, meaning a difference of $-2.09 and a surprise factor of -1,161.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$3.43 per share as compared to estimates of $0.19 per share, a difference of $-3.62 representing a surprise of -1,905.30%.
Ratios To Look Out For
It’s worth pointing out that AdaptHealth Corp [NASDAQ:AHCO]’s Current Ratio is 1.21. Also, the Quick Ratio is 1.00, while the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 0.46, the price to book ratio is 1.00.
Transactions by insiders
Recent insider trading involved Flynn James E, 10% Owner, that happened on Mar 12 ’24 when 0.11 million shares were sold. 10% Owner, Flynn James E completed a deal on Mar 11 ’24 to sell 0.18 million shares. Meanwhile, 10% Owner Flynn James E sold 52487.0 shares on Mar 08 ’24.
