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Tuesday, March 21, 2023

AdaptHealth Corp. (AHCO) Is Not Likely To Be The Same Tomorrow

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for AdaptHealth Corp. (AHCO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.18, or 1.13%, to $16.17. The AdaptHealth Corp. has recorded 19,528 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted AdaptHealth Corp. Announces Fourth Quarter and Full-Year 2022 Results and Updates 2023 Outlook.


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Stocks Info

The company is listed on the NASDAQ and operates within the Medical Devices industry segment. At the end of the last regular session, the stock closed at $15.99 and fluctuated between $17.83 as its day high and $15.61 as its day low. The current market capitalization of AdaptHealth Corp. is $2.21B. A total of 9.12 million shares were traded on the day, compared to an average of 726.12K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, AHCO has seen 1 BUY and 14 SELL insider trades, representing the acquisition of 223,628 and the disposition of 1,246,449 shares. Over the last 12 months, there were 30 BUYs and 41 SELLs from insiders. Insiders purchased 1,155,244 shares during that period but sold 4,495,183.

In the most recent transaction, Everest Hill Group Inc. sold 540,000 shares of AHCO for 20.75 per share on Feb 06. After the transaction, the 9% owner now owns 12,805,008 company shares. In a previous transaction on Feb 01, Everest Hill Group Inc. sold 44,789 shares at 21.00 per share. AHCO shares that 9.9% owner owns now total 13,345,008.

Among the insiders who sold shares, Everest Hill Group Inc. disposed of 55,211 shares on Jan 31 at a per-share price of $21.00. This resulted in the 9.9% owner holding 13,389,797 shares of AHCO after the transaction. In another insider transaction, Everest Hill Group Inc. sold 4,789 shares at $22.00 per share on Jan 18. Company shares held by the 10% Owner now total 13,445,008.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for AHCO in the last 3 months, the mean price target is $28.07 with high estimates of $31.00 and low estimates of $25.50. In terms of 52-week highs and lows, AHCO has a high of $27.48 and a low of $11.40.

As of this writing, AHCO has an earnings estimate of $0.28 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.34 per share and a lower estimate of $0.21. The company reported an EPS of $0.09 in the last quarter, which was -65.40% lower than expectations of $0.26.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AHCO is Overweight with a score of 4.86. A total of 6 analysts rated the stock as Buy while 1 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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