While Addus HomeCare Corporation has overperformed by 0.41%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ADUS rose by 49.24%, with highs and lows ranging from $136.12 to $85.94, whereas the simple moving average jumped by 11.03% in the last 200 days.
On December 16, 2024, JMP Securities started tracking Addus HomeCare Corporation (NASDAQ: ADUS) recommending Mkt Outperform. A report published by KeyBanc Capital Markets on October 11, 2024, Initiated its previous ‘Overweight’ rating for ADUS. Macquarie also rated ADUS shares as ‘Outperform’, setting a target price of $136 on the company’s shares in an initiating report dated June 28, 2024. Barclays initiated its ‘Equal Weight’ rating for ADUS, as published in its report on March 06, 2024. TD Cowen also rated the stock as ‘Outperform’.
Analysis of Addus HomeCare Corporation (ADUS)
Further, the quarter-over-quarter increase in sales is 7.04%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Addus HomeCare Corporation’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 9.03% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.11, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and ADUS is recording an average volume of 137.29K. On a monthly basis, the volatility of the stock is set at 2.18%, whereas on a weekly basis, it is put at 1.97%, with a gain of 6.81% over the past seven days. Furthermore, long-term investors anticipate a median target price of $140.36, showing growth from the present price of $133.87, which can serve as yet another indication of whether ADUS is worth investing in or should be passed over.
How Do You Analyze Addus HomeCare Corporation Shares?
Addus HomeCare Corporation (ADUS) is based in the USA and is one of the most prominent companies operating in the Medical Care Facilities market. When comparing Addus HomeCare Corporation 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 30.65, there is a growth in quarterly earnings of 16.72%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 1.76%. 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 97.69% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ADUS shares are owned by institutional investors to the tune of 97.69% at present.
