While BrightSpring Health Services Inc has overperformed by 0.75%, investors are advised to look at stock chart patterns for technical insight.
On March 06, 2024, HSBC Securities started tracking BrightSpring Health Services Inc (NASDAQ: BTSG) recommending Buy. A report published by Deutsche Bank on February 27, 2024, Upgraded its rating to ‘Buy’ for BTSG. Wells Fargo also rated BTSG shares as ‘Overweight’, setting a target price of $15 on the company’s shares in an initiating report dated February 20, 2024. UBS Initiated an Buy rating on February 20, 2024, and assigned a price target of $15. Morgan Stanley initiated its ‘Overweight’ rating for BTSG, as published in its report on February 20, 2024. Leerink Partners’s report from February 20, 2024 suggests a price prediction of $15 for BTSG shares, giving the stock a ‘Outperform’ rating. Jefferies also rated the stock as ‘Buy’.
Analysis of BrightSpring Health Services Inc (BTSG)
Further, the quarter-over-quarter increase in sales is 36.77%, showing a positive trend in the upcoming months.
One of the most important indicators of BrightSpring Health Services Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. Taking into account the quick ratio of the company, currently set at 0.84, 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.
For any stock, average volume can also provide valuable insight into volatility, and BTSG is recording 2.64M average volume. On a monthly basis, the volatility of the stock is set at 4.13%, whereas on a weekly basis, it is put at 2.82%, with a gain of 4.97% over the past seven days. Furthermore, long-term investors anticipate a median target price of $15.68, showing growth from the present price of $10.78, which can serve as yet another indication of whether BTSG is worth investing in or should be passed over.
How Do You Analyze BrightSpring Health Services Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 69.18%. 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 0.11% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BTSG shares are owned by institutional investors to the tune of 0.11% at present.
