PACS Group Inc (NYSE:PACS) has seen 1.64 million shares traded in the last trading session. The company, currently valued at $2.51B, closed the last trade at $16.22 per share which meant it lost -$0.28 on the day or -1.70% during that session. The PACS stock price is -170.78% off its 52-week high price of $43.92 and 0.68% above the 52-week low of $16.11. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.82 million shares traded. The 3-month trading volume is 1.50 million shares.
The consensus among analysts is that PACS Group Inc (PACS) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 5 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight.
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PACS Group Inc (NYSE:PACS) trade information
Sporting -1.70% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PACS stock price touched $16.22 or saw a rise of 8.36%. Year-to-date, PACS Group Inc shares have moved -29.48%, while the 5-day performance has seen it change -4.19%. Over the past 30 days, the shares of PACS Group Inc (NYSE:PACS) have changed -61.46%. Short interest in the company has seen 2.9 million shares shorted with days to cover at 4.6.
Wall Street analysts have a consensus price target for the stock at $37.5, which means that the shares’ value could jump 56.75% from current levels. The projected low price target is $30.0 while the price target rests at a high of $44.0. In that case, then, we find that the current price level is -171.27% off the targeted high while a plunge would see the stock gain -84.96% from current levels.
PACS Group Inc (PACS) estimates and forecasts
The company’s shares have lost -45.53% over the past 6 months, compared to 4.30% for the industry.
Earnings growth for 2024 is a modest 70.57% while over the next 5 years, the company’s earnings are expected to increase by 15.00%.
PACS Dividends
PACS Group Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
PACS Group Inc (NYSE:PACS)’s Major holders
Insiders own 82.76% of the company shares, while shares held by institutions stand at 34.65% with a share float percentage of 201.02%. Investors are also buoyed by the number of investors in a company, with PACS Group Inc having a total of 207.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are Cohen & Steers Real Estate Securities Fund and Smallcap World Fund . As of Jun 30, 2024 , the former fund manager holds about 14.19% shares in the company for having 3.5 shares of worth $56.73 million while later fund manager owns 2.61 shares of worth $42.26 million as of Jun 30, 2024 , which makes it owner of about 10.57% of company’s outstanding stock.
