Healthcare Services Group, Inc [HCSG] stock prices are up 5.60% to $11.31 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The HCSG shares have gain 3.38% over the last week, with a monthly amount drifted -3.17%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Jefferies upgraded its rating to Hold on March 24, 2023, and elevated its price target to $14. On February 17, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $17 on the stock. The Benchmark Company upgraded its rating to a Buy but stick to its price target of $18 on October 20, 2022. Jefferies downgraded its rating to a Underperform and reduced its price target to $13.50 on February 10, 2022. William Blair downgraded its rating to Mkt Perform for this stock on October 20, 2021.
The stock price of Healthcare Services Group, Inc [HCSG] has been fluctuating between $9.34 and $13.00 over the past year. 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 $11.31 at the most recent close of the market. An investor can expect a potential return of 53.23% based on the average HCSG price forecast.
Analyzing the HCSG fundamentals
The Healthcare Services Group, Inc [NASDAQ:HCSG] reported sales of 1.72B for trailing twelve months, representing a surge of 3.30%. 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 10.95 points at the first support level, and at 10.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.51, and for the 2nd resistance point, it is at 11.72.
Ratios To Look Out For
It’s worth pointing out that Healthcare Services Group, Inc [NASDAQ:HCSG]’s Current Ratio is 2.89. On the other hand, the Quick Ratio is 2.85, and the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.48, the price to book ratio is 1.70 and price to earnings (TTM) ratio is 21.20.
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.
