Pediatrix Medical Group Inc (NYSE: MD) is 0.54% higher on its value in year-to-date trading and has touched a low of $7.70 and a high of $15.20 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 MD stock was last observed hovering at around $9.61 in the last trading session, with the day’s loss setting it -0.26%.
Currently trading at $9.35, the stock is 3.18% and 1.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.84 million and changing -2.71% at the moment leaves the stock -18.37% off its SMA200. MD registered -35.61% loss for a year compared to 6-month loss of -25.68%. The firm has a 50-day simple moving average (SMA 50) of $0.66 and a 200-day simple moving average (SMA200) of $43.85.
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The stock witnessed a 7.97% gain in the last 1 month and extending the period to 3 months gives it a 2.97%, and is 2.97% 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 4.25% over the week and 3.76% over the month.
Pediatrix Medical Group Inc (MD) has around 7850 employees, a market worth around $786.52M and $1.99B in sales. Fwd P/E is 7.27. Profit margin for the company is -3.03%. Distance from 52-week low is 21.43% and -38.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.90%).
Pediatrix Medical Group Inc quarterly earnings per share for the current quarter are estimated at $0.19 with sales reaching $499.08M over the same period.The EPS is expected to shrink by -1.27% this year, but quarterly earnings will post 2.20% year-over-year. Quarterly sales are estimated to grow 1.70% in year-over-year returns.
317 institutions hold shares in Pediatrix Medical Group Inc (MD), with institutional investors hold 105.30% of the company’s shares. The shares outstanding are 84.12M, and float is at 83.13M with Short Float at 3.87%. Institutions hold 102.91% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 13.4 million shares valued at $190.36 million. The investor’s holdings represent 15.96% of the MD Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 10.35 million shares valued at $147.03 million to account for 12.33% of the shares outstanding. The other top investors are Alliancebernstein L.P. which holds 8.49 million shares representing 10.12% and valued at over $120.68 million, while Lazard Asset Management LLC holds 9.75% of the shares totaling 8.19 million with a market value of $116.35 million.
Pediatrix Medical Group Inc (MD) Insider Activity
The most recent transaction is an insider sale by Swift James D, the company’s Chief Executive Officer. SEC filings show that Swift James D sold 5,764 shares of the company’s common stock on Dec 14 ’23 at a price of $9.58 per share for a total of $55219.0. Following the sale, the insider now owns 90874.0 shares.
Pediatrix Medical Group Inc disclosed in a document filed with the SEC on Dec 14 ’23 that Moore Mary Ann E (EVP, General Counsel & Sec) sold a total of 1,150 shares of the company’s common stock. The trade occurred on Dec 14 ’23 and was made at $9.62 per share for $11063.0. Following the transaction, the insider now directly holds 15730.0 shares of the MD stock.
Still, SEC filings show that on Dec 14 ’23, Moore Mary Ann E (EVP, General Counsel & Sec) disposed off 970 shares at an average price of $9.62 for $9331.0. The insider now directly holds 81,385 shares of Pediatrix Medical Group Inc (MD).
