Pediatrix Medical Group Inc (MD) stock hits $10.03: Is it a good time to buy or wait for a dip?

Pediatrix Medical Group Inc [MD] stock prices are up 0.40% to $10.03 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The MD shares have gain 7.27% over the last week, with a monthly amount glided 10.83%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Pediatrix Medical Group Inc [NYSE: MD] stock has seen the most recent analyst activity on September 27, 2021, when SVB Leerink initiated its Mkt Perform rating and assigned the stock a price target of $29. On October 19, 2020, downgrade downgraded it’s rating to Sell and revised its price target to $12 on the stock. Citigroup downgraded its rating to a Neutral but stick to its price target of $29 on January 03, 2020. Stifel upgraded its rating to a Buy and raised its price target to $33 on December 12, 2019. BofA/Merrill downgraded its rating to Underperform for this stock on September 06, 2019. In a note dated January 15, 2019, Citigroup upgraded an Buy rating on this stock.

The stock price of Pediatrix Medical Group Inc [MD] has been fluctuating between $7.70 and $15.20 over the past year. Currently, Wall Street analysts expect the stock to reach $24.67 within the next 12 months. Pediatrix Medical Group Inc [NYSE: MD] shares were valued at $10.03 at the most recent close of the market. An investor can expect a potential return of 145.96% based on the average MD price forecast.

Analyzing the MD fundamentals

The Pediatrix Medical Group Inc [NYSE:MD] reported sales of 1.99B for trailing twelve months, representing a drop of -3.39%. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.05 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.83.

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 9.94 points at the first support level, and at 9.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.15, and for the 2nd resistance point, it is at 10.27.

Ratios To Look Out For

It’s worth pointing out that Pediatrix Medical Group Inc [NYSE:MD]’s Current Ratio is 1.38. On the other hand, the Quick Ratio is 1.20, and the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 0.42, the price to book ratio is 0.87.

Transactions by insiders

Recent insider trading involved Swift James D, Chief Executive Officer, that happened on Dec 14 ’23 when 5764.0 shares were sold. EVP, General Counsel & Sec, Moore Mary Ann E completed a deal on Dec 14 ’23 to sell 1150.0 shares. Meanwhile, EVP, General Counsel & Sec Moore Mary Ann E sold 970.0 shares on Dec 14 ’23.

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