It’s still a bull thesis, just subverted: AdaptHealth Corp (AHCO)

At the time of writing, AdaptHealth Corp [AHCO] stock is trading at $10.00, up 4.71%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AHCO shares have gain 5.60% over the last week, with a monthly amount drifted -0.40%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

AdaptHealth Corp [NASDAQ: AHCO] stock has seen the most recent analyst activity on January 08, 2024, when Jefferies downgraded its rating to a Hold and also revised its price target to $8 from $14.50. Previously, BofA Securities downgraded its rating to Underperform on November 08, 2023, and dropped its price target to $6.50. On May 10, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $11 on the stock. Deutsche Bank downgraded its rating to a Hold and decreased its price target to $11.30 on May 10, 2023. BofA Securities downgraded its rating to a Neutral and reduced its price target to $12 on May 09, 2023. SVB Leerink started tracking with a Outperform rating for this stock on September 27, 2021, and assigned it a price target of $30. In a note dated July 14, 2021, Robert W. Baird upgraded an Outperform rating on this stock and boosted its target price from $30 to $36.

For the past year, the stock price of AdaptHealth Corp fluctuated between $6.43 and $11.90. Currently, Wall Street analysts expect the stock to reach $13 within the next 12 months. AdaptHealth Corp [NASDAQ: AHCO] shares were valued at $10.00 at the most recent close of the market. An investor can expect a potential return of 30.0% based on the average AHCO price forecast.

Analyzing the AHCO fundamentals

According to AdaptHealth Corp [NASDAQ:AHCO], the company’s sales were 3.26B for trailing twelve months, which represents an 0.23% jump. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.14 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.37.

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 9.52 points at the first support level, and at 9.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.35, and for the 2nd resistance point, it is at 10.71.

Ratios To Look Out For

It is important to note that AdaptHealth Corp [NASDAQ:AHCO] has a current ratio of 1.24. As well, the Quick Ratio is 1.00, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 0.42, the price to book ratio is 0.87.

Transactions by insiders

Recent insider trading involved Clemens Jason A, Chief Financial Officer, that happened on Dec 10 ’24 when 35000.0 shares were sold. Officer, JASON A CLEMENS &BIANCA S VITA completed a deal on Dec 10 ’24 to buy 35000.0 shares. Meanwhile, Officer Rietkerk Shaw bought 40000.0 shares on Nov 22 ’24.

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