Let’s Discuss The BrightSpring Health Services Inc (NASDAQ: BTSG) Stock Forecast.

In the last trading session, 4.31 million shares of the BrightSpring Health Services Inc (NASDAQ:BTSG) were traded. Most recently the company’s share price was $10.87, and it changed around $0.71 or 6.99% from the last close, which brings the market valuation of the company to $1.86B. BTSG currently trades at a discount to its 52-week high of $12.14, offering almost -11.68% off that amount. The share price’s 52-week low was $7.85, which indicates that the current value has risen by an impressive 27.78% since then. We note from BrightSpring Health Services Inc’s average daily trading volume that its 10-day average is 2.07 million shares, with the 3-month average coming to 3.14 million.

BrightSpring Health Services Inc (NASDAQ:BTSG) trade information

Instantly BTSG has showed a green trend with a performance of 6.99% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -1.18% year-to-date, but still up 16.26% over the last five days. On the other hand, BrightSpring Health Services Inc (NASDAQ:BTSG) is 11.72% up in the 30-day period. We can see from the shorts that 11.51 million shares have been sold at a short interest cover period of 4.31 day(s).

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BrightSpring Health Services Inc (BTSG) estimates and forecasts

BrightSpring Health Services Inc share prices are performing particularly well compared to other companies within the same industry. The year-over-year growth rate is expected to be 7.00%, up from the previous year.

Consensus estimates provided by 9 financial analysts predict the company will bring in an average of $2.31 billion in revenue for the current quarter. 9 analysts expect BrightSpring Health Services Inc to make $2.3 billion in revenue for the quarter ending Jun 2024.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 12.91%.

BTSG Dividends

BrightSpring Health Services Inc’s next quarterly earnings report is expected to be released in May.

BrightSpring Health Services Inc (NASDAQ:BTSG)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 21.03% of BrightSpring Health Services Inc shares, and 58.32% of them are in the hands of institutional investors. The stock currently has a share float of 73.85%.