The stock of PACS Group Inc (NYSE:PACS) last traded at $9.82, up 0.20% from the previous session.
PACS stock price is now -4.57% away from the 50-day moving average and -54.17% away from the 200-day moving average. The market capitalization of the company currently stands at $1.52B.
With the price target maintained at $18, JP Morgan recently Downgraded its rating from Overweight to Neutral for PACS Group Inc (NYSE: PACS). , while ‘UBS’ 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 $443.14 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 $443.14 million. A total of 74.79% of the company’s stock is owned by insiders.
During the past 12 months, PACS Group Inc has had a low of $8.28 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 $10.2904 and a two-hundred day moving average price translates $21.4254 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. For the current quarter, analysts expect PACS to generate $987.4M in revenue.
