Estimating Price Trends For Amedisys Inc. (NASDAQ: AMED)

Amedisys Inc. (NASDAQ:AMED) does about 329.71K shares in volume on a normal day but saw 722401 shares change hands in the recent trading day. The company now has a market cap of 3.18B USD. Its current market price is $97.23, marking an increase of 0.02% compared to the previous close of $97.21. The 52 week high reached by this stock is $97.50 whilst the lowest price level in 52 weeks is $89.55. The script in recent trading has seen the stock touch a high of $190 and a low of $85.

Amedisys Inc. (AMED) has a 20-day trading average at $93.41 and the current price is -0.28% off the 52-week high compared with 8.58% distance from its 52-week low. The 50-day simple moving average of the closing price is $93.68 and its 200-day simple moving average is $93.42. If we look at the stock’s price movements over the week, volatility stands at 0.76%, which increases to 1.04% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 70.45 to suggest the stock is overbought.

The consensus objective for the share price is $101.00, suggesting that the stock has a potential upside of 3.73% over the period. The median price target is 40.17% away from the current levels at $162.5.

5 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Hold the stock.

Truist also downgraded the stock to “Hold” from Buy on June 07, 2023 at a price target of $97. Cantor Fitzgerald initiated its price target at $87.

Amedisys Inc. (AMED) stock is up 0.57% over the week and 6.32% over the past month. Its price is 2.28% year-to-date and 6.62% over the past year.

The stock last released its quarterly earnings report for quarter ended 3/31/2024, with the company’s earnings per share (EPS) of 1.37 above consensus estimates by 0.28. The company’s next earnings report forecasts estimating quarterly EPS at 1.18 and 4.6 for whole year. Expected sales for next quarter are $583.94M, which analysts say will come at $2.33B for the current fiscal year and next year at $2.46B. In addition, estimates put the company’s current quarterly revenue at an average of $578.82M.

Its 12-month price target is $162.5. To reach the target analysts have set, the stock logically needs to grow 3.73 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $85, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $190.

The company has a return on investment of -1.37% and return on equity of -1.90%. The forward price to earnings ratio is 19.44. The beta has a value of 0.79. Price to book ratio is 2.92 and price to sales ratio is 1.41.