While Surgery Partners Inc has underperformed by -13.75%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SGRY fell by -4.48%, with highs and lows ranging from $36.92 to $22.25, whereas the simple moving average fell by -11.37% in the last 200 days.
On October 14, 2024, UBS started tracking Surgery Partners Inc (NASDAQ: SGRY) recommending Buy. A report published by KeyBanc Capital Markets on October 11, 2024, Initiated its previous ‘Sector Weight’ rating for SGRY. Macquarie also rated SGRY shares as ‘Outperform’, setting a target price of $31 on the company’s shares in an initiating report dated June 28, 2024. Barclays Initiated an Equal Weight rating on March 06, 2024, and assigned a price target of $35. TD Cowen November 14, 2023d its ‘Market Perform’ rating to ‘Outperform’ for SGRY, as published in its report on November 14, 2023. BofA Securities’s report from June 02, 2023 suggests a price prediction of $45 for SGRY shares, giving the stock a ‘Buy’ rating. Mizuho also rated the stock as ‘Buy’.
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Analysis of Surgery Partners Inc (SGRY)
Further, the quarter-over-quarter increase in sales is 14.29%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Surgery Partners Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -3.11% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.66, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and SGRY is recording an average volume of 816.55K. On a monthly basis, the volatility of the stock is set at 4.57%, whereas on a weekly basis, it is put at 8.35%, with a loss of -13.01% over the past seven days. Furthermore, long-term investors anticipate a median target price of $38.30, showing growth from the present price of $25.50, which can serve as yet another indication of whether SGRY is worth investing in or should be passed over.
How Do You Analyze Surgery Partners Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 44.10%. 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 70.35% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SGRY shares are owned by institutional investors to the tune of 70.35% at present.
