In the last trading session, 1.7 million AMN Healthcare Services Inc. (NYSE:AMN) shares changed hands as the company’s beta touched 0.12. With the company’s per share price at $41.26 changed hands at -$1.13 or -2.67% during last session, the market valuation stood at $1.57B. AMN’s last price was a discount, traded about -112.97% off its 52-week high of $87.87. The share price had its 52-week low at $40.73, which suggests the last value was 1.28% up since then. When we look at AMN Healthcare Services Inc.’s average trading volume, we note the 10-day average is 1.15 million shares, with the 3-month average coming to 764.18K.
Analysts gave the AMN Healthcare Services Inc. (AMN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.10. If we narrow down to specifics, the data shows that 1 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended AMN as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. AMN Healthcare Services Inc.’s EPS for the current quarter is expected to be 0.61.
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AMN Healthcare Services Inc. (NYSE:AMN) trade information
Instantly AMN was in red as seen at the end of in last trading. With action -1.86%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -44.90%, with the 5-day performance at -1.86% in the red. However, in the 30-day time frame, AMN Healthcare Services Inc. (NYSE:AMN) is -22.19% down. Looking at the short shares, we see there were 5.82 million shares sold at short interest cover period of 9.21 days.
The consensus price target for the stock as assigned by Wall Street analysts is 121, meaning bulls need an upside of 65.9% from its current market value. According to analyst projections, AMN’s forecast low is 71 with 175 as the target high. To hit the forecast high, the stock’s price needs a -324.14% plunge from its current level, while the stock would need to soar -72.08% for it to hit the projected low.
AMN Healthcare Services Inc. (AMN) estimates and forecasts
Data shows that the AMN Healthcare Services Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -29.11% over the past 6 months, a -60.29% in annual growth rate that is considerably lower than the industry average of 7.40%. Year-over-year growth is forecast to reach -23.20% down from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 671.41M. 8 analysts are of the opinion that AMN Healthcare Services Inc.’s revenue for the current quarter will be 673.33M. The company’s revenue for the corresponding quarters a year ago was 851.2M and 818.27M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -21.10%. The estimates for the next quarter sales put growth at -17.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 12.95%. The 2024 estimates are for AMN Healthcare Services Inc. earnings to decrease by -61.32%, but the outlook for the next 5-year period is at 19.35% per year.
AMN Dividends
AMN Healthcare Services Inc. is expected to release its next quarterly earnings report in November.
AMN Healthcare Services Inc. (NYSE:AMN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.73% of AMN Healthcare Services Inc. shares while 117.21% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 118.07%. There are 117.21% institutions holding the AMN Healthcare Services Inc. stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 16.3053% of the shares, roughly 6.21 million AMN shares worth $318.37 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 11.3847% or 4.34 million shares worth $222.3 million as of 2024-06-30.
