Enhabit Inc (NYSE: EHAB) is 4.83% higher on its value in year-to-date trading and has touched a low of $7.12 and a high of $14.59 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EHAB stock was last observed hovering at around $10.84 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $10.85, the stock is 16.25% and 11.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.96 million and changing 0.09% at the moment leaves the stock 0.07% off its SMA200. EHAB registered -24.44% loss for a year compared to 6-month loss of -15.04%. The firm has a 50-day simple moving average (SMA 50) of $1.08 and a 200-day simple moving average (SMA200) of -$10.10.
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The stock witnessed a 22.46% gain in the last 1 month and extending the period to 3 months gives it a 0.74%, and is 13.02% 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 6.70% over the week and 5.93% over the month.
Enhabit Inc (EHAB) has around 11000 employees, a market worth around $543.59M and $1.05B in sales. Fwd P/E is 32.99. Profit margin for the company is -7.69%. Distance from 52-week low is 52.39% and -25.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.46%).
Enhabit Inc quarterly earnings per share for the current quarter are estimated at $0.04 with sales reaching $267.93M over the same period.The EPS is expected to grow by 16.10% this year, but quarterly earnings will post 3.70% year-over-year. Quarterly sales are estimated to shrink -1.30% in year-over-year returns.
255 institutions hold shares in Enhabit Inc (EHAB), with institutional investors hold 120.19% of the company’s shares. The shares outstanding are 50.10M, and float is at 43.97M with Short Float at 11.68%. Institutions hold 117.42% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 8.16 million shares valued at $93.85 million. The investor’s holdings represent 16.29% of the EHAB Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 5.77 million shares valued at $66.35 million to account for 11.51% of the shares outstanding. The other top investors are Deerfield Management Company, L.P. (Series C) which holds 4.81 million shares representing 9.60% and valued at over $55.31 million, while Jana Partners LLC holds 4.94% of the shares totaling 2.47 million with a market value of $28.46 million.
Enhabit Inc (EHAB) Insider Activity
The most recent transaction is an insider sale by Langham Ronald Leroy JR, the company’s EVP Clinical Excel. & Strategy. SEC filings show that Langham Ronald Leroy JR sold 634 shares of the company’s common stock on Mar 01 ’24 at a price of $8.81 per share for a total of $5586.0. Following the sale, the insider now owns 57164.0 shares.
Enhabit Inc disclosed in a document filed with the SEC on May 26 ’23 that Bolton Jeffrey (Director) bought a total of 2,000 shares of the company’s common stock. The trade occurred on May 26 ’23 and was made at $11.61 per share for $23220.0. Following the transaction, the insider now directly holds 19597.0 shares of the EHAB stock.
Still, SEC filings show that on May 22 ’23, SHAW L EDWARD JR (Director) acquired 10,000 shares at an average price of $11.98 for $0.12 million. The insider now directly holds 38,989 shares of Enhabit Inc (EHAB).
