PACS Group Inc (NYSE: PACS) Is Down -60.60% In A Month. Could There Be Any Hope That It Will Rise Soon?

During the last session, PACS Group Inc (NYSE:PACS)’s traded shares were 1.29 million. At the end of the trading day, the stock’s price was $16.55, reflecting an intraday loss of -4.06% or -$0.7. The 52-week high for the PACS share is $43.92, that puts it down -165.38 from that peak though still a striking -0.18% loss since the share price plummeted to a 52-week low of $16.58. The company’s market capitalization is $2.57B, and the average intraday trading volume over the past 10 days was 2.31 million shares, and the average trade volume was 1.44 million shares over the past three months.

PACS Group Inc (PACS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. PACS has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 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 0.34.

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PACS Group Inc (NYSE:PACS) trade information

PACS Group Inc (PACS) registered a -4.06% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.06% in intraday trading to $16.55, hitting a weekly high. The stock’s 5-day price performance is -10.20%, and it has moved by -60.60% in 30 days. The short interest in PACS Group Inc (NYSE:PACS) is 2.9 million shares and it means that shorts have 4.6 day(s) to cover.

The consensus price target of analysts on Wall Street is $37.5, which implies an increase of 55.87% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $30 and $44 respectively. As a result, PACS is trading at a discount of -165.86% off the target high and -81.27% off the low.

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 981.5M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 1.05B by the end of current fiscal year.

While earnings are projected to return 70.57% in 2024, the next five years will return 15.00% per annum.

PACS Dividends

PACS Group Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

PACS Group Inc (NYSE:PACS)’s Major holders

PACS Group Inc insiders own 82.76% of total outstanding shares while institutional holders control 34.65%, with the float percentage being 201.02%.