PACS Group Inc (NYSE:PACS) shares traded -38.76% lower at $18.09 on Wall Street last session.
PACS stock price is now -53.95% away from the 50-day moving average and -45.85% away from the 200-day moving average. The market capitalization of the company currently stands at $2.81B.
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On October 09, 2024, UBS recently initiated its ‘Buy’ rating on the stock quoting a target price of $50, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Hancock Mark, Co-Founder & Exec. Vice Chair. sold 8,128,352 shares of the company’s stock on Sep 09 ’24. The stock was sold for $294,652,760 at an average price of $36.25. Upon completion of the transaction, the Co-Founder & Exec. Vice Chair. now directly owns 45,126,199 shares in the company, valued at $816.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 09 ’24, Co-Founder, CEO & Chairman Murray Jason Hulse sold 8,128,352 shares of the business’s stock. A total of $294,652,760 was realized by selling the stock at an average price of $36.25. This leaves the insider owning 45,126,199 shares of the company worth $816.33 million. A total of 75.53% of the company’s stock is owned by insiders.
During the past 12 months, PACS Group Inc has had a low of $22.30 and a high of $43.92. As of last week, the company has a debt-to-equity ratio of 4.74, a current ratio of 1.71, and a quick ratio of 1.71. The fifty day moving average price for PACS is $39.7284 and a two-hundred day moving average price translates $33.513794 for the stock.
The latest earnings results from PACS Group Inc (NYSE: PACS) was released for 2024-06-30. The company reported revenue of $981.85 million for the quarter, compared to $708.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 38.59 percent.
