At the time of writing, Healthcare Services Group, Inc [HCSG] stock is trading at $10.97, down -0.72%. 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 HCSG shares have gain 2.52% over the last week, with a monthly amount glided 7.34%, and 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.
For the past year, the stock price of Healthcare Services Group, Inc fluctuated between $8.98 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 $10.97 at the most recent close of the market. An investor can expect a potential return of 57.98% based on the average HCSG price forecast.
Analyzing the HCSG fundamentals
According to Healthcare Services Group, Inc [NASDAQ:HCSG], the company’s sales were 1.70B for trailing twelve months, which represents an 4.07% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
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 10.89 points at the first support level, and at 10.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.08, and for the 2nd resistance point, it is at 11.19.
Ratios To Look Out For
It is important to note that Healthcare Services Group, Inc [NASDAQ:HCSG] has a current ratio of 2.93. Further, the Quick Ratio stands at 2.85, while the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 0.47, the price to book ratio is 1.65 and price to earnings (TTM) ratio is 16.18.
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.
