BrightSpring Health Services Inc [BTSG] stock prices are up 12.61% to $20.89 at the moment. 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 BTSG shares have gain 20.89% over the last week, with a monthly amount glided 13.16%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
On June 21, 2024, BTIG Research initiated with a Buy rating and assigned a price target of $15 on the stock. HSBC Securities started tracking the stock assigning a Buy rating and suggested a price target of $13 on March 06, 2024. Deutsche Bank upgraded its rating to a Buy but $11.50 remained the price target by the analyst firm on February 27, 2024. Wells Fargo started tracking with a Overweight rating for this stock on February 20, 2024, and assigned it a price target of $15. In a note dated February 20, 2024, UBS initiated an Buy rating and provided a target price of $15 on this stock.
The stock price of BrightSpring Health Services Inc [BTSG] has been fluctuating between $7.85 and $20.25 over the past year. BrightSpring Health Services Inc [NASDAQ: BTSG] shares were valued at $20.89 at the most recent close of the market.
Analyzing the BTSG fundamentals
The BrightSpring Health Services Inc [NASDAQ:BTSG] reported sales of 10.59B for trailing twelve months, representing a surge of 28.82%. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.03 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.83.
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 18.52 points at the first support level, and at 16.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.30, and for the 2nd resistance point, it is at 23.71.
Ratios To Look Out For
It’s worth pointing out that BrightSpring Health Services Inc [NASDAQ:BTSG]’s Current Ratio is 1.35. Further, the Quick Ratio stands at 0.97, while the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 0.34, the price to book ratio is 2.25.
Transactions by insiders
Recent insider trading involved Walgreens Boots Alliance, Inc., 10% Owner, that happened on Sep 11 ’24 when 11.62 million shares were sold. 10% Owner, KKR Group Partnership L.P. completed a deal on Sep 11 ’24 to buy 11.62 million shares. Meanwhile, 10% Owner KKR Phoenix Aggregator L.P. bought 11.62 million shares on Sep 11 ’24.
