Is BrightSpring Health Services Inc (BTSG) Stock a Good Buy for Short-term Investors?

BrightSpring Health Services Inc [BTSG] stock prices are up 3.75% to $11.06 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BTSG shares have gain 6.24% over the last week, with a monthly amount glided 5.94%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

BrightSpring Health Services Inc [NASDAQ: BTSG] stock has seen the most recent analyst activity on March 06, 2024, when HSBC Securities initiated its Buy rating and assigned the stock a price target of $13. Previously, Deutsche Bank upgraded its rating to Buy on February 27, 2024, and kept the price target unchanged to $11.50. On February 20, 2024, Wells Fargo initiated with a Overweight rating and assigned a price target of $15 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $15 on February 20, 2024. Morgan Stanley initiated its recommendation with a Overweight and recommended $18 as its price target on February 20, 2024. Leerink Partners started tracking with a Outperform rating for this stock on February 20, 2024, and assigned it a price target of $15. In a note dated February 20, 2024, Jefferies initiated an Buy rating and provided a target price of $18 on this stock.

The stock price of BrightSpring Health Services Inc [BTSG] has been fluctuating between $7.85 and $12.14 over the past year. BrightSpring Health Services Inc [NASDAQ: BTSG] shares were valued at $11.06 at the most recent close of the market.

Analyzing the BTSG fundamentals

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 10.53 points at the first support level, and at 10.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.48, and for the 2nd resistance point, it is at 11.90.

BrightSpring Health Services Inc [BTSG] reported earnings per share of $0.14 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.09/share, meaning a difference of $0.05 and a surprise factor of 55.60%.

Ratios To Look Out For

It’s worth pointing out that BrightSpring Health Services Inc [NASDAQ:BTSG]’s Current Ratio is 1.26. Further, the Quick Ratio stands at 0.96.

Transactions by insiders

Recent insider trading involved ROUSSEAU JON B,, that happened on Mar 15 ’24 when 18400.0 shares were purchased., ROUSSEAU JON B completed a deal on Mar 15 ’24 to buy 18400.0 shares. Meanwhile, Mattingly James F Jr bought 6080.0 shares on Mar 15 ’24.

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