How have the shares performed?
Apollo Medical Holdings Inc. (AMEH) saw downtrend of -6.16% in the recent trading with $40.21 being its most recent. The current price level -6.81% lower than the highest price of $43.15 marked by the stock while trading over the past 52-weeks, whereas it is 175.32% higher than the lowest price of $14.60 the company dropped to over past 52-weeks. The latest news story on AMEH appeared in PR Newswire under the title “Callaway Golf Set to Join S&P MidCap 400; Apollo Medical to Join S&P SmallCap 600” on Jun-10-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -6.99% below one month high and is +31.97% above of the lowest during that time. Looking into the simple moving average, Apollo Medical Holdings Inc. (AMEH)’s stock stands at a SMA-50 of $31.44 while that of 5-day is reading $40.17.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and AMEH’s SMA-200 as of now is $23.13.
Apollo Medical Holdings Inc. Earnings – What Happened With AMEH
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Apollo Medical Holdings Inc. (AMEH) last released financial results for the quarter that ended 3/30/2021, posting a surprise factor of 36.40% for net revenue. During the reported three-month period, company’s sales were $176.06 billion while analysts on average were estimating the same to be $170.9 million.
AMEH – Apollo Medical Holdings Inc. Stock Earnings Estimates
The perspective of Apollo Medical Holdings Inc. (NASDAQ:AMEH)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.22 for stock’s EPS in the current quarter. 1 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was 0.3.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 42.34 million. AMEH does have institutional investors; and they hold 11.90% of the stock.
Apollo Medical Holdings Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 5 new insider purchases involving 269,316 shares. On the other hand, AMEH declared 13,250,427 shares have been sold in 7 insider transactions over the past three months.
As on Mar 30, 2021, Blackrock Inc. was the top most holder in Apollo Medical Holdings Inc. (NASDAQ:AMEH) with an ownership of 1.49 million shares of the company or 4.17% of the stake worth $40.44 million. The filing also reveals Vanguard Group, Inc. (The) as the second largest holder in the company with a control over 3.56% of the outstanding shares. Its stake is worth $34.48 million for having 1.27 million shares in hand.
Ophir Asset Management Pty Ltd also came holding a key position in the company during the recent quarter and it now holds 1.17% of the outstanding shares. With this there are now 127 institutions which have possession in AMEH’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Apollo Medical Holdings Inc. was 2.94 while posting a debt to equity ratio of 0.69. The count was 74.48 for long-term debt to equity ratio.
Apollo Medical Holdings Inc.’s return on equity, or ROE, is 16.80%, compared to the industry average of 4.43% for Healthcare – Medical Care Facilities. Although this indicates that AMEH uses its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Apollo Medical Holdings Inc. (NASDAQ:AMEH) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Apollo Medical Holdings Inc. (AMEH), we notice that the stock’s 20-day average volume is at 195,900 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 125,536 shares. And to end, AMEH’s 100-day average volume is 96,525 shares with 100% of the long-term indicators pointing towards Buy for the stock.