Apollo Medical Holdings Inc. (NASDAQ: AMEH) stock jumped 3.16% on Wednesday to $29.02 against a previous-day closing price of $28.13. With 0.2 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.27 million shares. During the session, the Medical Care Facilities company that operates in wider Healthcare sector, reached to the highest price of $29.46 whereas the lowest price it dropped to was $28.16. The 52-week range on AMEH shows that it touched its highest point at $108.00 and its lowest point at $27.55 during that stretch. It currently has a 1-year price target of $38.00. Beta for the stock currently stands at 0.71.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AMEH was down-trending over the past week, with a drop of -5.16%, but this was down by -13.81% over a month. Three-month performance dropped to -37.54% while six-month performance fell -16.99%. The stock lost -70.48% in the past year, while it has lost -60.51% so far this year. A look at the trailing 12-month EPS for AMEH yields 1.42 with Next year EPS estimates of 0.99. For the next quarter, that number is 0.05. This implies an EPS growth rate of 60.90% for this year and -14.66% for next year. EPS is expected to grow by 10.70% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 25.30%.
Float and Shares Shorts:
At present, 44.95 million AMEH shares are outstanding with a float of 39.43 million shares on hand for trading. On Oct 13, 2022, short shares totaled 4.47 million, which was 9.88% higher than short shares on Sep 14, 2022. In addition to Dr. Kenneth T. Sim M.D. as the firm’s Exec. Chairman, Dr. Thomas S. Lam M.D., M.P.H. serves as its Pres, Co-CEO & Director.
Through their ownership of 33.10% of AMEH’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 32.86% of AMEH, in contrast to 23.18% held by mutual funds. Shares owned by individuals account for 12.25%. As the largest shareholder in AMEH with 10.10% of the stake, BlackRock Fund Advisors holds 5,701,260 shares worth 5,701,260. A second-largest stockholder of AMEH, The Vanguard Group, Inc., holds 4,169,635 shares, controlling over 7.39% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in AMEH, holding 1,311,975 shares or 2.32% stake. With a 5.15% stake in AMEH, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 2,907,593 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.11% of AMEH stock, is the second-largest Mutual Fund holder. It holds 1,188,388 shares valued at 42.14 million. Vanguard Small Cap Index Fund holds 1.81% of the stake in AMEH, owning 1,020,756 shares worth 36.2 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMEH since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AMEH analysts setting a high price target of $57.00 and a low target of $57.00, the average target price over the next 12 months is $57.00. Based on these targets, AMEH could surge 96.42% to reach the target high and rise by 96.42% to reach the target low. Reaching the average price target will result in a growth of 96.42% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. AMEH will report FY 2022 earnings on 02/24/2023. Analysts have provided yearly estimates in a range of $1.20 being high and $1.20 being low. For AMEH, this leads to a yearly average estimate of $1.20. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Apollo Medical Holdings Inc. surprised analysts by $0.24 when it reported $0.56 EPS against a consensus estimate of $0.32. The surprise factor in the prior quarter was $0.05. Based on analyst estimates, the high estimate for the next quarter is $0.09 and the low estimate is $0.09. The average estimate for the next quarter is thus $0.09.
Summary of Insider Activity:
Insiders traded AMEH stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 3 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 557,071 while 253,271 shares were sold.