Would It Be A Good Move Today To Sell AMN Healthcare Services Inc. (AMN) Stock?


As of Wednesday close, AMN Healthcare Services Inc.’s (NYSE:AMN) stock was down -$2.65, moving down -2.13 percent to $121.87. The average number of shares traded per day over the past five days has been 375,660 shares. 5 times new highs have been achieved over the past 5 days, with a $4.55 gain in that time frame. In the last twenty days, the average volume was 701,125, while in the previous 50 days, it was 617,948.

Since last month, AMN stock rose 1.52%. Shares of the company fell to $109.39 on 11/11/22, the lowest level in the past month. A 52-week high of $129.12 was reached on 11/01/22 after having rallying from a 52-week low of $82.75. Since the beginning of this year, AMN’s stock price has dropped by -0.38% or -$0.46, and marked a new high 6 times. However, the stock has declined by -5.61% since its 52-week high.

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AMN stock investors should be aware that AMN Healthcare Services Inc. (AMN) stock had its last reported insider trading activity 17 days ago on Nov 07. WHEAT DOUGLAS D, the Director of the company, disposed of 4,900 shares for $118.00 on Nov 07. It resulted in a $578,200 divestment by the insider. Jackson Denise L sold 6,330 shares at an average price of $107.09 on Aug 26. The insider now owns 18,267 shares following the transaction. On Jun 03, Chief Information and Digital Hagan Mark Christopher sold 1,400 shares at $97.53 apiece. The transaction was valued at $136,536.

Valuation Metrics

Right now, AMN Healthcare Services Inc. (AMN) has a P/E ratio of about 11.75. The stock’s beta is 0.30. Besides these, the trailing price-to-sales (P/S) ratio of 0.94, the price-to-book (PB) ratio of 4.71, and the price-to-cash flow ratio of 9.36 may also be considered.

Financial Health

In the three months ended September 29, AMN Healthcare Services Inc.’s quick ratio stood at 1.40, while its current ratio was 1.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.74. On the profitability front, the trailing twelve-month gross margin is 32.40% percent. In the year ended September 29, operating margins totaled 12.70%. Based on annual data, AMN earned $1.31 billion in gross profit and brought in $3.98 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 18.00%. Return on equity (ROE) for the past 12 months was 43.40%.

In AMN Healthcare Services Inc.’s quarter-end financial report for September 29, it reported total debt of $843.21 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AMN’s revenue rose 22.9% to $1.43 billion during the quarter, while net income inched up to $1.14 billion. While analysts expected AMN Healthcare Services Inc. to report $2.37 quarterly earnings, the actual figure was $2.57 per share, beating the consensus estimate by 8.40%. During the quarter, the company generated $171.35 million in EBITDA. The liabilities of AMN Healthcare Services Inc. were 1.89 billion at the end of its most recent quarter ended September 29, and its total debt was $862.22 million. The value of shareholders’ equity is $43.34 million.

Technical Picture

This quick technical analysis looks at AMN Healthcare Services Inc.’s (AMN) price momentum. With a historical volatility rate of 50.59%, the RSI 9-day stood at 54.36% on 23 November.

With respect to its five-day moving average, the current AMN Healthcare Services Inc. price is up by +3.88% percent or $4.55. At present, AMN shares trade +1.54% above its 20-day simple moving average and +10.20% percent above its 100-day simple moving average. However, the stock is currently trading approximately +14.28% above its SMA50 and +19.18% above its SMA200.

Stochastic coefficient K was 70.36% and Stochastic coefficient D was 64.19%, while ATR was 5.13. Given the Stochastic reading of 67.42% for the 14-day period, the RSI (14) reading has been calculated as 54.34%. As of today, the MACD Oscillator reading stands at 2.86, while the 14-day reading stands at 3.15.


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