As of Friday close, AMN Healthcare Services Inc.’s (NYSE:AMN) stock was down -$11.77, moving down -11.58 percent to $89.91. The average number of shares traded per day over the past five days has been 1,354,800 shares. 1 time new highs have been achieved over the past 5 days, with a -$16.56 fall in that time frame. In the last twenty days, the average volume was 821,160, while in the previous 50 days, it was 714,234.
Since last month, AMN stock retreated -17.32%. Shares of the company fell to $88.25 on 08/04/23, the lowest level in the past month. A 52-week high of $129.04 was reached on 01/11/23 after having rallying from a 52-week low of $81.15. Since the beginning of this year, AMN’s stock price has dropped by -12.56% or -$12.91, and marked a new high 6 times. However, the stock has declined by -30.32% since its 52-week high.
AMN stock investors should be aware that AMN Healthcare Services Inc. (AMN) stock had its last reported insider trading activity 52 days ago on Jun 14. Jones Daphne E, the Director of the company, disposed of 1,000 shares for $109.57 on Jun 14. It resulted in a $109,570 divestment by the insider. FOLETTA MARK G sold 1,458 shares at an average price of $88.78 on Apr 21. The insider now owns 8,073 shares following the transaction. On Apr 11, Director FOLETTA MARK G sold 6,042 shares at $84.35 apiece. The transaction was valued at $509,638.
Valuation Metrics
Right now, AMN Healthcare Services Inc. (AMN) has a P/E ratio of about 10.25. The stock’s beta is 0.39. Besides these, the trailing price-to-sales (P/S) ratio of 0.73, the price-to-book (PB) ratio of 3.89, and the price-to-cash flow ratio of 8.48 may also be considered.
Financial Health
In the three months ended March 30, AMN Healthcare Services Inc.’s quick ratio stood at 1.30, while its current ratio was 1.30, 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 March 30 was 1.03, and the total debt-to-equity ratio was 1.03. On the profitability front, the trailing twelve-month gross margin is 33.00% percent. In the year ended March 30, EBITDA margin amounted to 14.90%, whereas operating margins totaled 11.70%. Based on annual data, AMN earned $1.72 billion in gross profit and brought in $5.24 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 25.70%. Return on equity (ROE) for the past 12 months was 36.60%.
In AMN Healthcare Services Inc.’s quarter-end financial report for March 30, it reported total debt of $140.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AMN’s revenue fell -37.85% to $1.13 billion during the quarter, while net income inched up to $1.13 billion. While analysts expected AMN Healthcare Services Inc. to report $2.36 quarterly earnings, the actual figure was $2.49 per share, beating the consensus estimate by 5.50%. During the quarter, the company generated $164.5 million in EBITDA. The liabilities of AMN Healthcare Services Inc. were 1.93 billion at the end of its most recent quarter ended March 30, and its total debt was $1.03 billion. The value of shareholders’ equity is $39.65 million.
Technical Picture
This quick technical analysis looks at AMN Healthcare Services Inc.’s (AMN) price momentum. With a historical volatility rate of 63.08%, the RSI 9-day stood at 17.25% on 04 August.
With respect to its five-day moving average, the current AMN Healthcare Services Inc. price is down by -15.55% percent or -$16.56. At present, AMN shares trade -17.54% below its 20-day simple moving average and +4.68% percent above its 100-day simple moving average. However, the stock is currently trading approximately -4.91% below its SMA50 and -20.07% below its SMA200.
Stochastic coefficient K was 23.55% and Stochastic coefficient D was 34.28%, while ATR was 4.60. Given the Stochastic reading of 6.88% for the 14-day period, the RSI (14) reading has been calculated as 24.06%. As of today, the MACD Oscillator reading stands at -4.32, while the 14-day reading stands at -6.77.
Analyst Ratings
AMN Healthcare Services Inc. downgraded its rating on AMN Healthcare Services Inc. (NYSE: AMN) to a Neutral in a note to investors on August 04, 2023. The analysts firm previously had a Buy rating on the stock.AMN Healthcare Services Inc. (AMN) has been rated Overweight by analysts. According to 0 brokerage firms, AMN is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate AMN Healthcare Services Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $106.00, the current consensus forecast for the stock is $95.00 – $120.00. Based on these forecasts, analysts predict AMN Healthcare Services Inc. (AMN) will achieve an average price target of $107.86.
