It’s Not Over Yet For AdaptHealth Corp (NASDAQ: AHCO)

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. Most recently, Yahoo Finance reported about the stock as it publicized that AdaptHealth Corp. Announces Fourth Quarter and Full-Year 2023 Results and Provides Initial 2024 Outlook.

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Stocks Info

AdaptHealth Corp is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Medical Devices industry. At the end of the last regular session, the stock closed at $10.27 and fluctuated between $10.60 as its day high and $9.89 as its day low. The current market capitalization of AdaptHealth Corp is $1.40B. A total of 3.51 million shares were traded on the day, compared to an average of 1.23M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, AHCO has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 20 BUYs and 19 SELLs from insiders. Insiders purchased 1,209,307 shares during that period but sold 10,201,268.

In the most recent transaction, Williams David Solomon III sold 2,255 shares of AHCO for 9.30 per share on Dec 04. After the transaction, the Director now owns 29,779 company shares. In a previous transaction on Aug 11, SkyKnight Aero Holdings, LLC sold 137,787 shares at 14.02 per share. AHCO shares that Director owns now total 2,815,117.

Among the insiders who sold shares, SkyKnight Aero Holdings, LLC disposed of 59,052 shares on Aug 11 at a per-share price of $14.02. This resulted in the Director holding 5,565,126 shares of AHCO after the transaction. In another insider transaction, Clemens Jason A bought 720 shares at $14.10 per share on Aug 10. Company shares held by the Chief Financial Officer now total 194,120.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for AHCO in the last 3 months, the mean price target is $11.70 with high estimates of $16.00 and low estimates of $7.00. In terms of 52-week highs and lows, AHCO has a high of $17.85 and a low of $6.37.

As of this writing, AHCO has an earnings estimate of $0.05 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.07 per share and a lower estimate of $0.03. The company reported an EPS of -$3.43 in the last quarter, which was -1,905.30% lower than expectations of $0.19.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. AHCO’s latest balance sheet shows that the firm has $149.63M in Cash & Short Term Investments as of fiscal 2021. There were $2.37B in debt and $499.81M in liabilities at the time. Its Book Value Per Share was $11.00, while its Total Shareholder’s Equity was $2.07B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.00.

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