Healthy Upside Potential: AdaptHealth Corp (AHCO)

With 1.03 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.98 million shares. During the session, the Medical Devices company that operates in wider Healthcare sector, reached to the highest price of $11.3272 whereas the lowest price it dropped to was $10.98. The 52-week range on AHCO shows that it touched its highest point at $15.37 and its lowest point at $6.37 during that stretch. It currently has a 1-year price target of $11.95. Beta for the stock currently stands at 1.10.

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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 AHCO was up-trending over the past week, with a rise of 18.14%, but this was up by 15.58% over a month. Three-month performance surged to 3.23% while six-month performance rose 32.23%. The stock gained 3.90% in the past year, while it has gained 53.64% so far this year. A look at the trailing 12-month EPS for AHCO yields -5.20 with Next year EPS estimates of 1.09. For the next quarter, that number is 0.19. This implies an EPS growth rate of -37.17% for this year and 31.28% for next year.

Float and Shares Shorts:

At present, 132.63 million AHCO shares are outstanding with a float of 79.41 million shares on hand for trading. On 2024-05-15, short shares totaled 8.5 million, which was 638.0 higher than short shares on 1713139200. In addition to Mr. Joshua Parnes as the firm’s President & Director, Mr. Jason A. Clemens C.F.A. serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.87894 of AHCO’s outstanding shares, institutional investors have minority control over the company.

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 2024-03-31, AHCO reported revenue of $594099000.0 and operating income of $57061000.0. The EBITDA in the recently reported quarter was $144832000.0 and diluted EPS was -$0.02.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AHCO 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.