While Healthcare Services Group, Inc. has overperformed by 0.55%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HCSG fell by -3.84%, with highs and lows ranging from $15.97 to $8.75, whereas the simple moving average jumped by 10.18% in the last 200 days.
On March 24, 2023, Jefferies Upgraded Healthcare Services Group, Inc. (NASDAQ: HCSG) to Hold. A report published by RBC Capital Mkts on February 17, 2023, Upgraded its rating to ‘Outperform’ for HCSG. The Benchmark Company also Upgraded HCSG shares as ‘Buy’, setting a target price of $18 on the company’s shares in a report dated October 20, 2022. Jefferies February 10, 2022d the rating to Underperform on February 10, 2022, and set its price target from $19 to $13.50. William Blair October 20, 2021d its ‘Outperform’ rating to ‘Mkt Perform’ for HCSG, as published in its report on October 20, 2021. Stifel’s report from June 23, 2021 suggests a price prediction of $31 for HCSG shares, giving the stock a ‘Hold’ rating. Robert W. Baird also rated the stock as ‘Neutral’.
Analysis of Healthcare Services Group, Inc. (HCSG)
Further, the quarter-over-quarter decrease in sales is -0.04%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Healthcare Services Group, Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 8.70% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.55, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and HCSG is recording an average volume of 648.06K. On a monthly basis, the volatility of the stock is set at 3.58%, whereas on a weekly basis, it is put at 2.84%, with a gain of 4.59% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.50, showing growth from the present price of $12.76, which can serve as yet another indication of whether HCSG is worth investing in or should be passed over.
How Do You Analyze Healthcare Services Group, Inc. Shares?
Healthcare Services Group, Inc. (HCSG) is based in the USA and is one of the most prominent companies operating in the Medical Care Facilities market. When comparing Healthcare Services Group, Inc. shares with other companies under Healthcare, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 24.66, there is a growth in quarterly earnings of 40.77%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.73%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 101.31% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
HCSG shares are owned by institutional investors to the tune of 101.31% at present.
