Veradigm Inc (MDRX) down -40.48% since start of the year

Veradigm Inc (NASDAQ: MDRX) is -40.48% lower on its value in year-to-date trading and has touched a low of $9.34 and a high of $19.77 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MDRX stock was last observed hovering at around $10.24 in the last trading session, with the day’s gains setting it 0.26%.

Currently trading at $10.50, the stock is -4.64% and -14.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing 2.54% at the moment leaves the stock -16.83% off its SMA200. MDRX registered -41.83% loss for a year compared to 6-month gain of -9.64%. The firm has a 50-day simple moving average (SMA 50) of $0.57 and a 200-day simple moving average (SMA200) of $2.91.

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The stock witnessed a -14.22% loss in the last 1 month and extending the period to 3 months gives it a -16.53%, and is 8.92% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.39% over the week and 4.95% over the month.

Current P/E ratio is 27.58 and Fwd P/E is 13.89. Profit margin for the company is 6.30%. Distance from 52-week low is 12.42% and -46.89% from its 52-week high. The company has generated returns on investments over the last 12 months (3.79%).

Veradigm Inc is expected to release its quarterly report on 02/22/2024.The EPS is expected to shrink by -9.50% this year.

Veradigm Inc (MDRX) Top Institutional Holders

The shares outstanding are 109.26M, and float is at 106.21M with Short Float at 9.62%.

Veradigm Inc (MDRX) Insider Activity

A total of 3 insider transactions have happened at Veradigm Inc (MDRX) in the last six months, with sales accounting for 2 and purchases happening 1 times. The most recent transaction is an insider sale by Poulton Richard J.,the company’sCEO. SEC filings show that Poulton Richard J. sold 10,000 shares of the company’s common stock on Feb 16 at a price of $17.33 per share for a total of $0.17 million. Following the sale, the insider now owns 0.67 million shares.

Veradigm Inc disclosed in a document filed with the SEC on Feb 15 that Poulton Richard J. (CEO) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Feb 15 and was made at $17.38 per share for $0.17 million. Following the transaction, the insider now directly holds 0.68 million shares of the MDRX stock.

Veradigm Inc (MDRX): Who are the competitors?

The company’s main competitors (and peers) include Streamline Health Solutions Inc. (STRM) that is trading -74.05% down over the past 12 months. McKesson Corp. (MCK) that is 18.38% higher over the same period.