In last trading session, AdaptHealth Corp (NASDAQ:AHCO) saw 1.21 million shares changing hands with its beta currently measuring 1.01. Company’s recent per share price level of $11.08 trading at $0.16 or 1.47% at ring of the bell on the day assigns it a market valuation of $1.47B. That closing price of AHCO’s stock is at a discount of -38.72% from its 52-week high price of $15.37 and is indicating a premium of 42.51% from its 52-week low price of $6.37. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.07 million shares which gives us an average trading volume of 1.20 million if we extend that period to 3-months.
AdaptHealth Corp (NASDAQ:AHCO) trade information
Upright in the green during last session for gaining 1.47%, in the last five days AHCO remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $11.08 price level, adding 1.25% to its value on the day. AdaptHealth Corp’s shares saw a change of 51.99% in year-to-date performance and have moved 9.16% in past 5-day. AdaptHealth Corp (NASDAQ:AHCO) showed a performance of 56.06% in past 30-days. Number of shares sold short was 9.03 million shares which calculate 6.01 days to cover the short interests.
AdaptHealth Corp (AHCO) estimates and forecasts
Statistics highlight that AdaptHealth Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company added 23.94% of value to its shares in past 6 months, showing an annual growth rate of -13.73% while that of industry is 17.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -54.50% in the current quarter and calculating 122.20% increase in the next quarter. This year revenue growth is estimated to rise 3.60% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $769.87 million for the same. And 10 analysts are in estimates of company making revenue of $821.07 million in the next quarter that will end on Jun 2024. Company posted $744.63 million and $793.29 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 3.40% while estimating it to be 3.50% for the next quarter.
In 2024, company’s earnings growth rate is likely to be around -33.77% while estimates for its earnings growth in next 5 years are of 14.00%.
AHCO Dividends
AdaptHealth Corp is more likely to be releasing its next quarterly report between May 07 and May 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
AdaptHealth Corp (NASDAQ:AHCO)’s Major holders
Insiders are in possession of 17.34% of company’s total shares while institution are holding 86.95 percent of that, with stock having share float percentage of 105.18%. Investors also watch the number of corporate investors in a company very closely, which is 86.95% institutions for AdaptHealth Corp that are currently holding shares of the company. OEP Capital Advisors, LP is the top institutional holder at AHCO for having 13.82 million shares of worth $168.17 million. And as of Jun 29, 2023, it was holding 10.15% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 11.6 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 8.52% of outstanding shares, having a total worth of $141.17 million.
On the other hand, iShares Core S&P Smallcap ETF and Fidelity Value Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 5.52 million shares of worth $50.21 million or 4.05% of the total outstanding shares. The later fund manager was in possession of 2.51 million shares on Aug 30, 2023, making its stake of worth around $29.9 million in the company or a holder of 1.84% of company’s stock.
