As of Friday close, Enhabit Inc.’s (NYSE:EHAB) stock was down -$0.13, moving down -1.12 percent to $11.50. The average number of shares traded per day over the past five days has been 805,560 shares. 1 time new highs have been achieved over the past 5 days. In the last twenty days, the average volume was 694,960, while in the previous 50 days, it was 762,912.
Since last month, EHAB stock retreated -16.00%. Shares of the company fell to $11.22 on 08/16/23, the lowest level in the past month. A 52-week high of $16.99 was reached on 02/15/23 after having rallying from a 52-week low of $10.51. Since the beginning of this year, EHAB’s stock price has dropped by -12.61% or -$1.66, and marked a new high 9 times. However, the stock has declined by -32.29% since its 52-week high.
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Sponsored
EHAB stock investors should be aware that Enhabit Inc. (EHAB) stock had its last reported insider trading activity 85 days ago on May 26. Bolton Jeffrey, the Director of the company, purchased of 2,000 shares for $11.61 on May 26. It resulted in a $23,220 investment by the insider. SHAW L EDWARD JR added 10,000 shares at an average price of $11.98 on May 22. The insider now owns 38,989 shares following the transaction. On May 18, EVP Clinical Excel. & Strategy Langham Ronald Leroy JR bought 10,000 shares at $11.99 apiece. The transaction was valued at $119,900.
Valuation Metrics
The stock’s beta is 0.65. Besides these, the trailing price-to-sales (P/S) ratio of 0.56, the price-to-book (PB) ratio of 0.77, and the price-to-cash flow ratio of 16.12 may also be considered.
Financial Health
In the three months ended June 29, Enhabit Inc.’s quick ratio stood at 1.60, while its current ratio was 1.60, 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 June 29 was 0.74, and the total debt-to-equity ratio was 0.77. On the profitability front, the trailing twelve-month gross margin is 50.20% percent. In the year ended June 29, EBITDA margin amounted to 12.19%, whereas operating margins totaled -1.10%. Based on annual data, EHAB earned $545.5 million in gross profit and brought in $1.07 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 -1.80%. Return on equity (ROE) for the past 12 months was -5.10%.
In Enhabit Inc.’s quarter-end financial report for June 29, it reported total debt of $539.3 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. EHAB’s revenue fell -2.17% to $265.1 million during the quarter, while net income inched up to $262.3 million. While analysts expected Enhabit Inc. to report $0.14 quarterly earnings, the actual figure was $0.04 per share, beating the consensus estimate by -71.40%. During the quarter, the company generated $19.2 million in EBITDA. The liabilities of Enhabit Inc. were 724.1 million at the end of its most recent quarter ended June 29, and its total debt was $611.0 million. The value of shareholders’ equity is $50.1 million.
Technical Picture
This quick technical analysis looks at Enhabit Inc.’s (EHAB) price momentum. With a historical volatility rate of 80.73%, the RSI 9-day stood at 33.07% on 18 August.
At present, EHAB shares trade -19.92% below its 20-day simple moving average and -16.55% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.18% below its SMA50 and -7.41% below its SMA200.
Stochastic coefficient K was 10.44% and Stochastic coefficient D was 9.54%, while ATR was 0.61. Given the Stochastic reading of 9.33% for the 14-day period, the RSI (14) reading has been calculated as 37.08%. As of today, the MACD Oscillator reading stands at -0.54, while the 14-day reading stands at -1.06.
Analyst Ratings
SVB Securities launched its rating on Enhabit Inc. (NYSE: EHAB) to an Underperform in a note to investors on June 20, 2023. Enhabit Inc. (EHAB) has been rated Hold by analysts. According to 2 brokerage firms, EHAB is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Enhabit Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $12.00, the current consensus forecast for the stock is $8.00 – $16.00. Based on these forecasts, analysts predict Enhabit Inc. (EHAB) will achieve an average price target of $11.44.
