Approximately 1,000 Shares Of AMN Healthcare Services Inc. (AMN) Were Sold By This Insider.

AMN Healthcare Services Inc. (NYSE:AMN) finished Friday with a subtraction of -$1.78 to close at $96.50, a downside of -1.81 percent. An average of 589,020 shares of common stock have been traded in the last five days. There was a gain of $1.96 in the past week, and it reached a new high 53 times over the past 12 months. The last 20 days have seen an average of 554,235 shares traded, while the 50-day average volume stands at 407,708.

AMN stock has decreased by -16.44% in the last month. The company shares reached their 1-month lowest point of $93.34 on 10/15/21. With the stock rallying to its 52-week high on 10/13/21, shares of the company touched a low of $58.48 and a high of $123.72 in 52 weeks. It has reached a new high 49 times so far this year and achieved 41.39% or $28.25 in price. In spite of this, the price is down -22.00% from the 52-week high.

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Insider Transactions

31 days have passed since AMN Healthcare Services Inc. (AMN) last reported insider trading activity. Jackson Denise L, who is Chief Legal Officer, most recently acquired $1,000 shares at $113.45 per share on Sep 22. In this transaction, the insider spent $113,450. Chief Legal Officer, Jackson Denise L, disposed of 2,000 shares at a price of $111.68 on Sep 16. The insider now owns more than $223,368 worth of shares. Prior to that, Director HARRIS R JEFFREY went on to Sale 15,000 shares at $105.05 each on Aug 09. An amount of $1,575,766 was transacted.

Valuation Metrics

AMN Healthcare Services Inc. (AMN) has a trailing price-to-earnings (P/E) ratio of 26.80, which compares with the 23.70 for the broader industry and 33.43 for the sector. In the last five years, AMN Healthcare Services Inc.’s PE ratio has ranged between 53.34 and 13.32. The stock’s beta is 0.36. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.68, the price-to-book (PB) ratio at 4.76, and the price-to-cash flow ratio at 16.46.

The quick ratio of AMN Healthcare Services Inc. for the three months ended June 29 was 1.40, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.87 and a total debt to equity ratio of 0.87 for the quarter ending June 29. Its gross profit as reported stood at $791.78 million compared to revenue of $2.39 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, AMN Healthcare Services Inc.’s return on assets was 6.90%. For the broader industry, ROE averaged 9.65 over the past year.

Earnings Surprise

For the three-month period that ended June 29, AMN Healthcare Services Inc. had $841.73 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $66.77 million in the quarter, while revenues were grew 66.56%. The analyst consensus anticipated AMN Healthcare Services Inc.’s latest quarter earnings to come in at $1.43 per share, but it turned out to be $1.64, a 14.70% surprise. For the quarter, EBITDA amounted to $124.53 million. Shareholders own equity worth $47.26 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at AMN Healthcare Services Inc. (AMN) price momentum. RSI 9-day as of the close on 22 October was 30.59%, suggesting the stock is Neutral, with historical volatility in this time frame at 78.72%.

As of today, AMN’s price is $96.29 +2.07% or $1.96 from its 5-day moving average. AMN is currently trading -16.27% lower than its 20-day SMA and +4.62% higher than its 100-day SMA. However, the stock’s current price level is -8.50% below the SMA50 and +35.17% above the SMA200.

The stochastic %K and %D were 10.14% and 9.01%, respectively, and the average true range (ATR) was 4.39. With the 14-day stochastic at 10.40% and the average true range at 4.13, the RSI (14) stands at 33.41%. The stock has reached -5.39 on the 9-day MACD Oscillator while the 14-day reading was at -11.60.

Analyst Ratings

BofA Securities launched coverage on AMN Healthcare Services Inc. (NYSE: AMN) in its analyst report released on October 08, 2020. The firm assigned the stock a a Buy rating. The consensus rating for AMN Healthcare Services Inc. (AMN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AMN, while 1 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 9 others rate it as a “buy”.

What is AMN’s price target for the next 12 months?

Analysts predict a range of price targets between $105.00 and $141.00, with a median target of $127.00. Taking a look at these predictions, the average price target given by analysts for AMN Healthcare Services Inc. (AMN) stock is $123.00.


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