The price of Ardent Health Inc (NYSE:ARDT) shares last traded on Wall Street rose 1.97% to $12.96.
ARDT stock price is now -4.54% away from the 50-day moving average and -16.84% away from the 200-day moving average. The market capitalization of the company currently stands at $1.85B.
On November 06, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $22 to quote $19, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’
In other news, Webb Robert Thomas, Director bought 20,000 shares of the company’s stock on Nov 08 ’24. The stock was bought for $339,600 at an average price of $16.98. Upon completion of the transaction, the Director now directly owns 40,275 shares in the company, valued at $0.52 million. A total of 84.12% of the company’s stock is owned by insiders.
During the past 12 months, Ardent Health Inc has had a low of $11.31 and a high of $20.72. As of last week, the company has a debt-to-equity ratio of 1.94, a current ratio of 2.12, and a quick ratio of 1.98.
The net profit margin was 3.73% and return on equity was 23.97% for ARDT. The company reported revenue of $1.5 billion for the quarter, compared to $1.44 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.04 percent.
