Monthly Drifts in BrightSpring Health Services Inc (BTSG) Stock: A Closer Look

Currently, BrightSpring Health Services Inc [BTSG] is trading at $11.99, up 5.92%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BTSG shares have gain 9.20% over the last week, with a monthly amount glided 12.79%, 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 June 21, 2024, when BTIG Research initiated its Buy rating and assigned the stock a price target of $15. Previously, HSBC Securities started tracking the stock with Buy rating on March 06, 2024, and set its price target to $13. On February 27, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $11.50 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $15 on February 20, 2024. UBS initiated its recommendation with a Buy and recommended $15 as its price target on February 20, 2024. Morgan Stanley started tracking with a Overweight rating for this stock on February 20, 2024, and assigned it a price target of $18. In a note dated February 20, 2024, Leerink Partners initiated an Outperform rating and provided a target price of $15 on this stock.

This stock has fluctuated between a low of $7.85 and a high of $12.21 over the last 52 weeks. BrightSpring Health Services Inc [NASDAQ: BTSG] shares were valued at $11.99 at the most recent close of the market.

Analyzing the BTSG fundamentals

Trailing Twelve Months sales for BrightSpring Health Services Inc [NASDAQ:BTSG] were 9.37B which represents 27.03% growth.

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 11.60 points at the first support level, and at 11.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.19, and for the 2nd resistance point, it is at 12.39.

Ratios To Look Out For

To put it in perspective, the Current Ratio for BrightSpring Health Services Inc [NASDAQ:BTSG] is 1.26. Also, the Quick Ratio is 0.96. Considering the valuation of this stock, the price to sales ratio is 0.22, the price to book ratio is 1.31.

Transactions by insiders

Recent insider trading involved DAmbrosio Matthew, Director, that happened on May 20 ’24 when 1000.0 shares were purchased., ROUSSEAU JON B completed a deal on Mar 15 ’24 to buy 18400.0 shares. Meanwhile, ROUSSEAU JON B bought 18400.0 shares on Mar 15 ’24.

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