PACS Group Inc (NYSE: PACS) Surprises The Bears, Looks Good Going Forward

In the last trading session, 1.47 million shares of the PACS Group Inc (NYSE:PACS) were traded. Most recently the company’s share price was $15.51, and it changed around $0.89 or 6.09% from the last close, which brings the market valuation of the company to $2.55B. PACS currently trades at a discount to its 52-week high of $43.92, offering almost -183.17% off that amount. The share price’s 52-week low was $14.43, which indicates that the current value has risen by an impressive 6.96% since then. We note from PACS Group Inc’s average daily trading volume that its 10-day average is 1.27 million shares, with the 3-month average coming to 1.59 million.

PACS Group Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended PACS as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. PACS Group Inc is expected to report earnings per share of 0.34 for the current quarter.

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PACS Group Inc (NYSE:PACS) trade information

Instantly PACS has showed a green trend with a performance of 6.09% 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 16.11 on recent trading dayincreased the stock’s daily price by 3.72%. The company’s shares are currently down -32.57% year-to-date, but still down -1.90% over the last five days. On the other hand, PACS Group Inc (NYSE:PACS) is -14.26% down in the 30-day period. We can see from the shorts that 3.07 million shares have been sold at a short interest cover period of 4.6 day(s).

The consensus price target as assigned by Wall Street analysts is $40, which translates to bulls needing to increase their stock price by 61.23% from its current value. Analyst projections state that PACS is forecast to be at a low of $35 and a high of $44.

Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 981.5M in revenue for the current quarter. 7 analysts expect PACS Group Inc to make 1.05B in revenue for the current ending quarter.

PACS Group Inc earnings are expected to increase by 70.57% in 2024, but the outlook is positive 15.00% per year for the next five years.

PACS Dividends

PACS Group Inc’s next quarterly earnings report is expected to be released in January.

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

Upon looking at major shareholders, it appears that insiders hold 72.29% of PACS Group Inc shares, and 34.69% of them are in the hands of institutional investors. The stock currently has a share float of 125.17%.