During the recent session, Aveanna Healthcare Holdings Inc (NASDAQ:AVAH)’s traded shares were 0.5 million, with the beta value of the company hitting 2.01. At the last check today, the stock’s price was $4.89, reflecting an intraday gain of 7.94% or $0.36. The 52-week high for the AVAH share is $4.92, that puts it down -0.61 from that peak though still a striking 82.62% gain since the share price plummeted to a 52-week low of $0.85. The company’s market capitalization is $941.70M, and the average intraday trading volume over the past 10 days was 0.29 million shares, and the average trade volume was 190.13K shares over the past three months.
Aveanna Healthcare Holdings Inc (AVAH) received a consensus recommendation of Strong Buy from analysts. That translates to a mean rating of 3.25. AVAH has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.01.
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Aveanna Healthcare Holdings Inc (NASDAQ:AVAH) trade information
Aveanna Healthcare Holdings Inc (AVAH) registered a 7.94% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 7.94% in intraday trading to $4.89, hitting a weekly high. The stock’s 5-day price performance is 25.19%, and it has moved by 68.21% in 30 days. Based on these gigs, the overall price performance for the year is 178.12%. The short interest in Aveanna Healthcare Holdings Inc (NASDAQ:AVAH) is 0.95 million shares and it means that shorts have 4.59 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.75, which implies a decrease of -30.4% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $6 respectively. As a result, AVAH is trading at a discount of -22.7% off the target high and 59.1% off the low.
Aveanna Healthcare Holdings Inc (AVAH) estimates and forecasts
Statistics show that Aveanna Healthcare Holdings Inc has outperformed its competitors in share price, compared to the industry in which it operates. Aveanna Healthcare Holdings Inc (AVAH) shares have gone up 98.98% during the last six months, with a year-to-date growth rate more than the industry average at 36.36% against 15.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 66.70% this quarter and then jump 100.00% in the quarter after that. In the rating firms’ projections, revenue will increase 4.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 497.14M as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 498.83M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 478.01M and 478.84M respectively. In this case, analysts expect current quarter sales to grow by 4.00% and then jump by 4.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -22.80%. While earnings are projected to return 58.04% in 2024, the next five years will return 6.23% per annum.
AVAH Dividends
Aveanna Healthcare Holdings Inc is due to release its next quarterly earnings 2024-Nov-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Aveanna Healthcare Holdings Inc (NASDAQ:AVAH)’s Major holders
Aveanna Healthcare Holdings Inc insiders own 5.83% of total outstanding shares while institutional holders control 88.17%, with the float percentage being 93.63%. BAIN CAPITAL INVESTORS LLC is the largest shareholder of the company, while 94.0 institutions own stock in it. As of 2024-03-31, the company held over 81.6 million shares (or 42.9578% of all shares), a total value of $203.19 million in shares.
The next largest institutional holding, with 48.66 million shares, is of J.H. WHITNEY EQUITY PARTNERS VII, LLC’s that is approximately 25.6143% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $121.15 million.
Also, the Mutual Funds coming in first place with the largest holdings of Aveanna Healthcare Holdings Inc (AVAH) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Mar 31, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.39 shares. This amounts to just over 0.72 percent of the company’s overall shares, with a $6.82 million market value. The same data shows that the other fund manager holds slightly less at 1.16, or about 0.60% of the stock, which is worth about $5.65 million.
