In the last trading session, 2.25 million shares of the AMN Healthcare Services Inc (NYSE:AMN) were traded, and its beta was 0.09. Most recently the company’s share price was $26.50, and it changed around $2.8 or 11.81% from the last close, which brings the market valuation of the company to $1.00B. AMN currently trades at a discount to its 52-week high of $80.22, offering almost -202.72% off that amount. The share price’s 52-week low was $23.37, which indicates that the current value has risen by an impressive 11.81% since then. We note from AMN Healthcare Services Inc’s average daily trading volume that its 10-day average is 1.91 million shares, with the 3-month average coming to 964.31K.
AMN Healthcare Services Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.40. If we narrow it down even further, the data shows that 0 out of 14 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 5 recommended AMN as a Hold, whereas 5 deemed it a Buy, and 1 rated it as Underweight. AMN Healthcare Services Inc is expected to report earnings per share of 0.49 for the current quarter.
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AMN Healthcare Services Inc (NYSE:AMN) trade information
Instantly AMN has showed a green trend with a performance of 11.81% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 27.74 on recent trading dayincreased the stock’s daily price by 4.47%. The company’s shares are currently down -64.61% year-to-date, but still down -4.68% over the last five days. On the other hand, AMN Healthcare Services Inc (NYSE:AMN) is -35.38% down in the 30-day period. We can see from the shorts that 4.2 million shares have been sold at a short interest cover period of 5.0 day(s).
The consensus price target as assigned by Wall Street analysts is $57, which translates to bulls needing to increase their stock price by 53.51% from its current value. Analyst projections state that AMN is forecast to be at a low of $46 and a high of $175.
AMN Healthcare Services Inc (AMN) estimates and forecasts
AMN Healthcare Services Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -55.54 percent over the past six months and at a -62.36% annual growth rate that is well below the industry average of 5.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -63.03% in revenue this quarter, and will report a decrease of -67.35% in the next quarter. The year-over-year growth rate is expected to be -22.32%, down from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 694.36M in revenue for the current quarter. 7 analysts expect AMN Healthcare Services Inc to make 657.84M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 818.27M and 820.88M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -15.14%. Forecasts for the next quarter put sales growth at -19.86%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 12.95%.
AMN Dividends
AMN Healthcare Services Inc’s next quarterly earnings report is expected to be released in December.
AMN Healthcare Services Inc (NYSE:AMN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.75% of AMN Healthcare Services Inc shares, and 119.20% of them are in the hands of institutional investors. The stock currently has a share float of 120.11%. AMN Healthcare Services Inc stock is held by 456.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 16.3053% of the shares, which is about 6.21 million shares worth $318.37 million.
VANGUARD GROUP INC, with 11.3847% or 4.34 million shares worth $222.3 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
