At the time of writing, PACS Group Inc. [PACS] stock is trading at $38.43, up 18.79%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PACS shares have gain 15.54% over the last week, with a monthly amount glided 20.85%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
PACS Group Inc. [NYSE: PACS] stock has seen the most recent analyst activity on June 28, 2024, when Macquarie initiated its Outperform rating and assigned the stock a price target of $35. Previously, Truist started tracking the stock with Buy rating on May 06, 2024, and set its price target to $32. On May 06, 2024, Stephens initiated with a Overweight rating and assigned a price target of $31 on the stock. RBC Capital Mkts started tracking the stock assigning a Outperform rating and suggested a price target of $30 on May 06, 2024. Oppenheimer initiated its recommendation with a Outperform and recommended $31 as its price target on May 06, 2024. JP Morgan started tracking with a Overweight rating for this stock on May 06, 2024, and assigned it a price target of $27. In a note dated May 06, 2024, Citigroup initiated an Buy rating and provided a target price of $32 on this stock.
For the past year, the stock price of PACS Group Inc. fluctuated between $22.61 and $36.32. Currently, Wall Street analysts expect the stock to reach $34.25 within the next 12 months. PACS Group Inc. [NYSE: PACS] shares were valued at $38.43 at the most recent close of the market. An investor can expect a potential drop of -10.88% based on the average PACS price forecast.
Analyzing the PACS fundamentals
Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.88 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of7.03.
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 36.90 points at the first support level, and at 35.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.39, and for the 2nd resistance point, it is at 40.35.
Ratios To Look Out For
It is important to note that PACS Group Inc. [NYSE:PACS] has a current ratio of 1.71. In addition, the Quick Ratio stands at 1.71 and the Cash Ratio stands at 0.18.
Transactions by insiders
Recent insider trading involved Murray Jason Hulse, Co-Founder, CEO & Chairman, that happened on Apr 15 ’24 when 1.61 million shares were sold. Co-Founder & Exec. Vice Chair., Hancock Mark completed a deal on Apr 15 ’24 to sell 1.61 million shares. Meanwhile, Director Millard Jacqueline bought 433.0 shares on Apr 11 ’24.
