Enhabit Inc. (NYSE: EHAB) stock jumped 2.30% on Tuesday to $12.45 against a previous-day closing price of $12.17. With 0.52 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.57 million shares. During the session, the Medical Care Facilities company that operates in wider Healthcare sector, reached to the highest price of $12.81 whereas the lowest price it dropped to was $12.18. The 52-week range on EHAB shows that it touched its highest point at $25.25 and its lowest point at $11.50 during that stretch. It currently has a 1-year price target of $14.79.
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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 EHAB was up-trending over the past week, with a rise of 4.80%, but this was down by -0.95% over a month. Three-month performance dropped to -20.75% while six-month performance fell -3.04%. A look at the trailing 12-month EPS for EHAB yields -0.80 with Next year EPS estimates of 0.77. For the next quarter, that number is 0.15. This implies an EPS growth rate of -135.40% for this year and 16.34% for next year.
Float and Shares Shorts:
At present, 49.80 million EHAB shares are outstanding with a float of 48.98 million shares on hand for trading. On Apr 27, 2023, short shares totaled 3.27 million, which was 6.52% higher than short shares on Mar 30, 2023. In addition to Ms. Barbara Ann Jacobsmeyer B.S., M.A., P.T. as the firm’s Pres, CEO & Director, Ms. Crissy Buchanan Carlisle serves as its Exec. VP & CFO.
Through their ownership of 104.56% of EHAB’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 57.05% of EHAB, in contrast to 46.94% held by mutual funds. Shares owned by individuals account for 1.62%. As the largest shareholder in EHAB with 12.66% of the stake, BlackRock Fund Advisors holds 6,341,453 shares worth 6,341,453. A second-largest stockholder of EHAB, The Vanguard Group, Inc., holds 5,435,458 shares, controlling over 10.85% of the firm’s shares. Deerfield Management Co. LP is the third largest shareholder in EHAB, holding 2,996,000 shares or 5.98% stake. With a 7.17% stake in EHAB, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 3,590,953 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.08% of EHAB stock, is the second-largest Mutual Fund holder. It holds 1,542,041 shares valued at 18.89 million. Vanguard Small Cap Index Fund holds 2.59% of the stake in EHAB, owning 1,294,785 shares worth 15.86 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, EHAB reported revenue of $268.00M and operating income of $27.30M. The EBITDA in the recently reported quarter was $35.50M and diluted EPS was $0.41.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EHAB since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With EHAB analysts setting a high price target of $20.00 and a low target of $9.50, the average target price over the next 12 months is $14.79. Based on these targets, EHAB could surge 60.64% to reach the target high and fall by -23.69% to reach the target low. Reaching the average price target will result in a growth of 18.8% 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.
Summary of Insider Activity:
Insiders traded EHAB stock several times over the past three months with 19 Buys and 8 Sells. In these transactions, 132,601 shares were bought while 7,962 shares were sold. The number of buy transactions has increased to 86 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 1,308,022 while 3,870,268 shares were sold.