While PACS Group Inc. has overperformed by 0.24%, investors are advised to look at stock chart patterns for technical insight.
On June 28, 2024, Macquarie started tracking PACS Group Inc. (NYSE: PACS) recommending Outperform. A report published by Truist on May 06, 2024, Initiated its previous ‘Buy’ rating for PACS. Stephens also rated PACS shares as ‘Overweight’, setting a target price of $31 on the company’s shares in an initiating report dated May 06, 2024. RBC Capital Mkts Initiated an Outperform rating on May 06, 2024, and assigned a price target of $30. Oppenheimer initiated its ‘Outperform’ rating for PACS, as published in its report on May 06, 2024. JP Morgan’s report from May 06, 2024 suggests a price prediction of $27 for PACS shares, giving the stock a ‘Overweight’ rating. Citigroup also rated the stock as ‘Buy’.
Analysis of PACS Group Inc. (PACS)
One of the most important indicators of PACS Group Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. Taking into account the quick ratio of the company, currently set at 1.71, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and PACS is recording 577.75K average volume. On a monthly basis, the volatility of the stock is set at 4.27%, whereas on a weekly basis, it is put at 5.73%, with a loss of -3.01% over the past seven days. Furthermore, long-term investors anticipate a median target price of $40.20, showing growth from the present price of $38.34, which can serve as yet another indication of whether PACS is worth investing in or should be passed over.
How Do You Analyze PACS Group Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 87.57%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 21.63% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PACS shares are owned by institutional investors to the tune of 21.63% at present.
