PACS Group Inc (NYSE: PACS) is -10.91% lower on its value in year-to-date trading and has touched a low of $16.74 and a high of $43.92 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 PACS stock was last observed hovering at around $20.53 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $20.49, the stock is -40.29% and -45.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing -0.19% at the moment leaves the stock -37.89% off its SMA200. PACS registered a gain of -27.72% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $37.7932 and a 200-day simple moving average (SMA200) of $33.074932.
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The stock witnessed a -49.94% loss in the last 1 month and extending the period to 3 months gives it a -48.67%, and is 13.27% 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 8.21% over the week and 9.69% over the month.
Fwd P/E is 11.43. Distance from 52-week low is 22.40% and -53.35% from its 52-week high.
The EPS is expected to grow by 70.57% this year
172.0 institutions hold shares in PACS Group Inc (PACS), with institutional investors hold 134.71% of the company’s shares. The shares outstanding are 155.18M, and float is at 37.97M with Short Float at 8.44%. Institutions hold 23.22% of the Float.
PACS Group Inc (PACS) Insider Activity
The most recent transaction is an insider sale by Hancock Mark, the company’s Co-Founder & Exec. Vice Chair. SEC filings show that Hancock Mark sold 8,128,352 shares of the company’s common stock on Sep 09 ’24 at a price of $36.25 per share for a total of $294.65 million. Following the sale, the insider now owns 45.13 million shares.
PACS Group Inc disclosed in a document filed with the SEC on Sep 09 ’24 that Murray Jason Hulse (Co-Founder, CEO & Chairman) sold a total of 8,128,352 shares of the company’s common stock. The trade occurred on Sep 09 ’24 and was made at $36.25 per share for $294.65 million. Following the transaction, the insider now directly holds 45.13 million shares of the PACS stock.
Still, SEC filings show that on Apr 11 ’24, Millard Jacqueline (Director) acquired 433 shares at an average price of $23.08 for $9993.0. The insider now directly holds 433 shares of PACS Group Inc (PACS).
