In yesterday’s Wall Street session, Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) shares traded at $0.80, down -8.90% from the previous session.
As of this writing, 9 analysts cover Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $1.10, we find $2.75. Given the previous closing price of $0.88, this indicates a potential upside of 212.5 percent. AVAH stock price is now -46.00% away from the 50-day moving average and -71.57% away from the 200-day moving average. The market capitalization of the company currently stands at $143.79M.
There are 4 analysts who have given it a hold rating, whereas 4 have given it a buy rating. Brokers who have rated the stock have averaged $3.23 as their price target over the next twelve months.
With the price target maintained at $2.50, Jefferies recently Downgraded its rating from Buy to Hold for Aveanna Healthcare Holdings Inc. (NASDAQ: AVAH)., while ‘Stephens’ rates the stock as ‘Equal-Weight’.
In other news, Afshar David, Chief Financial Officer bought 10,000 shares of the company’s stock on Aug 24. The stock was bought for $20,140 at an average price of $2.01. Upon completion of the transaction, the Chief Financial Officer now directly owns 288,240 shares in the company, valued at $0.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 26, Chief Compliance Officer Cunningham Patrick A. bought 3,100 shares of the business’s stock. A total of $9,626 was incurred on buying the stock at an average price of $3.10. This leaves the insider owning 122,195 shares of the company worth $97756.0. A total of 3.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AVAH stock. A new stake in Aveanna Healthcare Holdings Inc. shares was purchased by ALPHACENTRIC ADVISORS LLC during the first quarter worth $481,000. ATRIA WEALTH SOLUTIONS, INC. invested $75,000 in shares of AVAH during the first quarter. In the first quarter, JANE STREET GROUP, LLC acquired a new stake in Aveanna Healthcare Holdings Inc. valued at approximately $69,000. SQUAREPOINT OPS LLC acquired a new stake in AVAH for approximately $59,000. WIPFLI FINANCIAL ADVISORS LLC, purchased a new stake in AVAH valued at around $46,000 in the second quarter.
During the past 12 months, Aveanna Healthcare Holdings Inc. has had a low of $0.86 and a high of $8.10. As of last week, the company has a debt-to-equity ratio of 6.91, a current ratio of 0.80, and a quick ratio of 0.80.
The net profit margin was -33.30% and return on equity was -101.10% for AVAH. The company reported revenue of $443.01 million for the quarter, compared to $411.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.72 percent.
Aveanna Healthcare Holdings Inc.(AVAH) Company Profile
Aveanna Healthcare Holdings Inc., a diversified home care platform company, provides private duty nursing (PDN), adult home health and hospice, home-based pediatric therapy, and enteral nutrition services in the United States. Its patient- centered care delivery platform allows patients to remain in their homes and minimizes the overutilization of high-cost care settings, such as hospitals. The company operates through three segments: Private Duty Services (PDS), Home Health & Hospice (HHH), and Medical Solutions (MS). The PDS segment offers PDN services, which include in-home skilled nursing services to medically fragile children; nursing services in school settings in which its caregivers accompany patients to school; services to patients in its pediatric day healthcare centers; and employer of record support and personal care services, as well as in-clinic and home-based pediatric therapy services, such as physical, occupational, and speech services. The HHH segment provides home health services, including in-home skilled nursing services; physical, occupational, and speech therapy services; and medical social and aide services, as well as hospice services for patients and their families when a life-limiting illness no longer responds to cure-oriented treatments. The MS segment offers enteral nutrition supplies and other products to adults and children delivered on a periodic or as-needed basis. The company was incorporated in 2016 and is headquartered in Atlanta, Georgia.