BrightSpring Health Services Inc (NASDAQ: BTSG) is 72.00% higher on its value in year-to-date trading and has touched a low of $7.85 and a high of $18.40 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 BTSG stock was last observed hovering at around $18.35 in the last trading session, with the day’s gains setting it 0.57%.
Currently trading at $18.92, the stock is 17.04% and 26.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing 3.11% at the moment leaves the stock 58.73% off its SMA200. BTSG registered a gain of 64.38% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $14.8728 and a 200-day simple moving average (SMA200) of $11.884622.
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The stock witnessed a 24.15% loss in the last 1 month and extending the period to 3 months gives it a 63.95%, and is 26.39% 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 6.28% over the week and 4.08% over the month.
BrightSpring Health Services Inc (BTSG) has around 600 employees, a market worth around $3.29B and $10.59B in sales. Fwd P/E is 26.44. Profit margin for the company is -0.38%. Distance from 52-week low is 141.02% and 2.83% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.91%).
BrightSpring Health Services Inc quarterly earnings per share for the current quarter are estimated at 0.22 with sales reaching $2.94B over the same period.The EPS is expected to grow by 144.92% this year, but quarterly earnings will post 26.20% year-over-year. Quarterly sales are estimated to grow 23.80% in year-over-year returns.
The shares outstanding are 171.19M, and float is at 53.08M with Short Float at 13.33%.
BrightSpring Health Services Inc (BTSG) Insider Activity
The most recent transaction is an insider sale by Walgreens Boots Alliance, Inc., the company’s 10% Owner. SEC filings show that Walgreens Boots Alliance, Inc. sold 11,619,998 shares of the company’s common stock on Sep 11 ’24 at a price of $11.13 per share for a total of $129.33 million. Following the sale, the insider now owns 23.24 million shares.
BrightSpring Health Services Inc disclosed in a document filed with the SEC on Sep 11 ’24 that KKR Group Partnership L.P. (10% Owner) bought a total of 11,619,998 shares of the company’s common stock. The trade occurred on Sep 11 ’24 and was made at $11.13 per share for $129.33 million. Following the transaction, the insider now directly holds 92.96 million shares of the BTSG stock.
Still, SEC filings show that on Sep 11 ’24, KKR Phoenix Aggregator L.P. (10% Owner) acquired 11,619,998 shares at an average price of $11.13 for $129.33 million. The insider now directly holds 92,959,984 shares of BrightSpring Health Services Inc (BTSG).
