While PACS Group Inc has underperformed by -1.70%, investors are advised to look at stock chart patterns for technical insight.
On November 06, 2024, JP Morgan started tracking PACS Group Inc (NYSE: PACS) recommending Overweight. A report published by UBS on October 09, 2024, Initiated its previous ‘Buy’ rating for PACS. Citigroup also rated PACS shares as ‘Buy’, setting a target price of $45 on the company’s shares in an initiating report dated September 11, 2024. Macquarie Initiated an Outperform rating on June 28, 2024, and assigned a price target of $35. Truist initiated its ‘Buy’ rating for PACS, as published in its report on May 06, 2024. Stephens’s report from May 06, 2024 suggests a price prediction of $31 for PACS shares, giving the stock a ‘Overweight’ rating. RBC Capital Mkts also rated the stock as ‘Outperform’.
Analysis of PACS Group Inc (PACS)
To gain a thorough understanding of PACS Group Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and PACS is recording an average volume of 1.50M. On a monthly basis, the volatility of the stock is set at 10.84%, whereas on a weekly basis, it is put at 5.19%, with a loss of -4.19% over the past seven days. Furthermore, long-term investors anticipate a median target price of $38.50, showing growth from the present price of $16.22, 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?
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 75.53%. 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 32.17% 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 32.17% at present.
