While AMN Healthcare Services Inc. has underperformed by -2.71%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AMN fell by -46.85%, with highs and lows ranging from $80.22 to $36.50, whereas the simple moving average fell by -29.54% in the last 200 days.
On October 07, 2024, BofA Securities Downgraded AMN Healthcare Services Inc. (NYSE: AMN) to Underperform. A report published by JMP Securities on December 06, 2023, Initiated its previous ‘Mkt Outperform’ rating for AMN. Jefferies November 03, 2023d the rating to Hold on November 03, 2023, and set its price target from $115 to $70. BofA Securities August 04, 2023d its ‘Buy’ rating to ‘Neutral’ for AMN, as published in its report on August 04, 2023. BofA Securities’s report from October 08, 2020 suggests a price prediction of $70 for AMN shares, giving the stock a ‘Buy’ rating. SunTrust also rated the stock as ‘Buy’.
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Analysis of AMN Healthcare Services Inc. (AMN)
Further, the quarter-over-quarter decrease in sales is -25.28%, showing a negative trend in the upcoming months.
AMN Healthcare Services Inc.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 12.08% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.23, 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.
The average volume for any stock is also a very valuable indicator of volatility, and AMN has an average volume of 834.11K. On a monthly basis, the volatility of the stock is set at 3.61%, whereas on a weekly basis, it is put at 2.91%, with a loss of -0.58% over the past seven days. Furthermore, long-term investors anticipate a median target price of $50.43, showing growth from the present price of $39.42, which can serve as yet another indication of whether AMN is worth investing in or should be passed over.
How Do You Analyze AMN Healthcare Services Inc. Shares?
Medical Care Facilities giant AMN Healthcare Services Inc. (AMN) is based in the USA and is one of the largest companies in the market. When comparing AMN Healthcare Services Inc. shares with other companies under Healthcare, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 15.20, there is a growth in quarterly earnings of -72.57%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 0.73%. 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 114.76% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AMN shares are owned by institutional investors to the tune of 114.76% at present.