During the last session, AMN Healthcare Services Inc (NYSE:AMN)’s traded shares were 0.6 million, with the beta value of the company hitting 0.07. At the end of the trading day, the stock’s price was $25.84, reflecting an intraday gain of 0.54% or $0.14. The 52-week high for the AMN share is $80.22, that puts it down -210.45 from that peak though still a striking 9.56% gain since the share price plummeted to a 52-week low of $23.37. The company’s market capitalization is $983.82M, and the average intraday trading volume over the past 10 days was 2.12 million shares, and the average trade volume was 1.00 million shares over the past three months.
AMN Healthcare Services Inc (AMN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.44. AMN has a Sell rating from 1 analyst(s) out of 7 analysts who have looked at this stock. 1 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 0.49.
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AMN Healthcare Services Inc (NYSE:AMN) trade information
AMN Healthcare Services Inc (AMN) registered a 0.54% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.54% in intraday trading to $25.84, hitting a weekly high. The stock’s 5-day price performance is 9.03%, and it has moved by -34.43% in 30 days. Based on these gigs, the overall price performance for the year is -61.89%. The short interest in AMN Healthcare Services Inc (NYSE:AMN) is 4.2 million shares and it means that shorts have 5.0 day(s) to cover.
The consensus price target of analysts on Wall Street is $57, which implies an increase of 54.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $46 and $175 respectively. As a result, AMN is trading at a discount of -577.24% off the target high and -78.02% off the low.
AMN Healthcare Services Inc (AMN) estimates and forecasts
Statistics show that AMN Healthcare Services Inc has underperformed its competitors in share price, compared to the industry in which it operates. AMN Healthcare Services Inc (AMN) shares have gone down -54.05% during the last six months, with a year-to-date growth rate less than the industry average at -62.36% against 4.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -63.03% this quarter and then drop -67.35% in the quarter after that. In the rating firms’ projections, revenue will decrease -22.32% 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 694.36M as predicted by 8 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 657.84M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 818.27M and 820.88M respectively. In this case, analysts expect current quarter sales to shrink by -15.14% and then drop by -19.86% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 12.95%. While earnings are projected to return -62.93% in 2024.
AMN Dividends
AMN Healthcare Services 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.
AMN Healthcare Services Inc (NYSE:AMN)’s Major holders
AMN Healthcare Services Inc insiders own 0.75% of total outstanding shares while institutional holders control 119.47%, with the float percentage being 120.37%. BLACKROCK INC. is the largest shareholder of the company, while 454.0 institutions own stock in it. As of 2024-06-30, the company held over 6.21 million shares (or 16.3053% of all shares), a total value of $318.37 million in shares.
The next largest institutional holding, with 4.34 million shares, is of VANGUARD GROUP INC’s that is approximately 11.3847% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $222.3 million.
Also, the Mutual Funds coming in first place with the largest holdings of AMN Healthcare Services Inc (AMN) shares are iShares Core S&P Smallcap ETF and Pacer Small Cap U.S. Cash Cows 100 ETF . Data provided on Sep 30, 2024 indicates that iShares Core S&P Smallcap ETF owns about 2.42 shares. This amounts to just over 6.36 percent of the company’s overall shares, with a $62.6 million market value. The same data shows that the other fund manager holds slightly less at 1.92, or about 5.05% of the stock, which is worth about $49.69 million.
