It’s Not A Fantasy To Think That BrightSpring Health Services Inc (BTSG) Has Big Future Potential

BrightSpring Health Services Inc (NASDAQ:BTSG) currently has a daily average trading volume of 1.64M but it saw 3934270 shares traded in last market. With a market cap of 4.01B USD, the company’s current market price of $23.04 came rising about 5.54 while comparing to the previous closing price of $21.83. In past 52 weeks, the stock remained buoying in the range of price level as high as $24.82 and as low as $10.15.

Taking a look at 20-day trading activity of BrightSpring Health Services Inc (BTSG) gives us an average price of $17.94, while its current price level is -7.17% below from 52-week high level whereas it is 127.00% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $17.92 while that of 200 days or SMA-200 reads an average of $16.96. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.38% during that period while stretching the period over a month that decreases to 5.72%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 79.46 which implies that the stock is in overbought territory.

BTIG Research also issued its recommendations for the stock as it initiated the price target for the stock is $15.

Over the week, BTSG’s stock price is moving 31.43% up while it is 33.33% when we observe its performance for the past one month. Year-to-date it is 35.29% up and over the past year, the stock is showing an upside performance of 100.35%.

Currently, BrightSpring Health Services Inc’s total number of outstanding shares is 175.18M with 16.66% of that held by the insiders while 100.42% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 1.33% and return on equity (ROE) at 2.30%. It has a price to earnings ratio (P/E ratio) of 81.88 while having a 24.16 of forward P/E ratio. Stock’s beta reads 2.05. Stock has a price to book (P/B) ratio of 2.39 while price to sale or P/S ratio amounts to 0.35. Its return on asset (ROA) is 0.65% on average.