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Allscripts Healthcare Solutions Inc. Shares Are Down 5.19% Since The Beginning Of The Year

Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX) has a beta value of 1.02 and has seen 1.49 million shares traded in the recent trading session. The company, currently valued at $1.96B, closed the recent trade at $17.88 per share which meant it lost -$0.15 on the day or -0.83% during that session. The MDRX stock price is -30.03% off its 52-week high price of $23.25 and 23.99% above the 52-week low of $13.59. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.33 million shares traded. The 3-month trading volume is 1.32 million shares.

The consensus among analysts is that Allscripts Healthcare Solutions Inc. (MDRX) is an Overweight stock at the moment, with a recommendation rating of 2.20. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 11 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.19.

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Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX) trade information

Sporting -0.83% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the MDRX stock price touched $17.88 or saw a rise of 4.94%. Year-to-date, Allscripts Healthcare Solutions Inc. shares have moved 2.21%, while the 5-day performance has seen it change -5.40%. Over the past 30 days, the shares of Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX) have changed -0.11%. Short interest in the company has seen 9.13 million shares shorted with days to cover at 6.32.

Wall Street analysts have a consensus price target for the stock at $21.25, which means that the shares’ value could jump 15.86% from the levels at last check today. The projected low price target is $17.00 while the price target rests at a high of $26.00. In that case, then, we find that the latest price level in today’s session is -45.41% off the targeted high while a plunge would see the stock lose 4.92% from the levels at last check today.

Allscripts Healthcare Solutions Inc. (MDRX) estimates and forecasts

Figures show that Allscripts Healthcare Solutions Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 19.48% over the past 6 months, with this year growth rate of -41.26%, compared to 13.70% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -29.60% and -59.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be -59.00%.

8 analysts offering their estimates for the company have set an average revenue estimate of $152.8 million for the current quarter. 8 have an estimated revenue figure of $168.42 million for the next quarter concluding in Dec 2022. Year-ago sales stood $369.2 million and $391.7 million respectively for this quarter and the next, and analysts expect sales will shrink by -58.60% for the current quarter and -57.00% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 42.10% over the past 5 years. Earnings growth for 2023 is a modest 216.00% while over the next 5 years, the company’s earnings are expected to increase by 8.00%.

MDRX Dividends

Allscripts Healthcare Solutions Inc. is expected to release its next earnings report between February 22 and February 27 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX)’s Major holders

Insiders own 2.42% of the company shares, while shares held by institutions stand at 108.65% with a share float percentage of 111.35%. Investors are also buoyed by the number of investors in a company, with Allscripts Healthcare Solutions Inc. having a total of 357 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 21.09 million shares worth more than $312.81 million. As of Jun 29, 2022, Blackrock Inc. held 19.04% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 14.13 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $209.62 million and represent 12.76% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of Sep 29, 2022, the former fund manager holds about 7.30% shares in the company for having 8.09 million shares of worth $123.21 million while later fund manager owns 3.25 million shares of worth $48.14 million as of Jun 29, 2022, which makes it owner of about 2.93% of company’s outstanding stock.

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