A share price of Healthcare Services Group, Inc. [HCSG] is currently trading at $10.70, up 1.13%. An important factor to consider is whether the stock is rising or falling in short-term value. The HCSG shares have lost -0.37% over the last week, with a monthly amount drifted -3.34%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Healthcare Services Group, Inc. [NASDAQ: HCSG] stock has seen the most recent analyst activity on March 24, 2023, when Jefferies upgraded its rating to a Hold and also boosted its price target to $14 from $8.50. Previously, RBC Capital Mkts upgraded its rating to Outperform on February 17, 2023, and elevated its price target to $17. On October 20, 2022, upgrade upgraded it’s rating to Buy but maintained its price target of $18 on the stock. Jefferies downgraded its rating to a Underperform and decreased its price target to $13.50 on February 10, 2022. William Blair downgraded its rating to a Mkt Perform. In a note dated July 23, 2020, Robert W. Baird downgraded an Neutral rating on this stock.
Healthcare Services Group, Inc. experienced fluctuations in its stock price throughout the past year between $8.75 and $13.00. Currently, Wall Street analysts expect the stock to reach $17.33 within the next 12 months. Healthcare Services Group, Inc. [NASDAQ: HCSG] shares were valued at $10.70 at the most recent close of the market. An investor can expect a potential return of 61.96% based on the average HCSG price forecast.
Analyzing the HCSG fundamentals
Trailing Twelve Months sales for Healthcare Services Group, Inc. [NASDAQ:HCSG] were 1.70B which represents 4.07% growth. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.11 and Total Capital is 0.13.
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 10.22 points at the first support level, and at 9.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.01, and for the 2nd resistance point, it is at 11.32.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Healthcare Services Group, Inc. [NASDAQ:HCSG] is 2.93. On the other hand, the Quick Ratio is 2.65, and the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 0.46, the price to book ratio is 1.67 and price to earnings (TTM) ratio is 15.78.
Transactions by insiders
Recent insider trading involved Brophy Andrew M, Principal Accounting Officer, that happened on Feb 28 ’24 when 1125.0 shares were sold.
