Earnings from Streamline Health Solutions Inc. [STRM] are scheduled on April 21, 2021, after the market closes. It is expected that the company will report weak earnings for the quarter ending Jan 2021.
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STRM Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn -$0.06 per share on revenue of $2.9M. Taking a look at the future, the company is projected to report revenue of $3.26M at an earnings per share of -$0.06 for the Apr 2021 quarter. The estimates represent year-over-year improvements of 17.00% in revenue and -11.80% in earnings per share for the company.
STRM Stock Earnings Forecast For The Current Year
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For the full financial year, Streamline Health Solutions Inc. [NASDAQ:STRM] is forecasted to generate revenue of $11.27M. The figure is about $-9.47 million below what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be -$0.17 in 2021, which is -$0.1 lower than the figure in FY20. Based on current estimates, earnings are expected to grow -142.90% this year, -11.80% next year, and 15.00% annually over the next five years. With regard to sales, forecasts suggest a decline of -45.70% in current fiscal year and 17.00% over following year.
STRM Stock Price Performance
At recent check today, Streamline Health Solutions Inc. [NASDAQ:STRM] finished up 0.48% at $2.09. The stock’s day high price was $2.24, and its lowest was $2.07. Its price fall -5.45% in the last five days. Since the beginning of the year, Streamline Health Solutions Inc.’s shares are up nearly 33.33%. However, the share price is -45.85% below its one year high. The top price reached by the shares of the company was $3.86 on 03/16/21, while the 52-week low came on 01/15/21, when the shares were $1.56. In the past year, shares of the company have risen 166.22%. At 50 days, the moving average achieved is $2.04 while at 200 days, the moving average is $1.65. There were 0.33 million shares traded in the last session, up from 0.13 million in the previous session.
Streamline Health Solutions Inc. [NASDAQ:STRM] Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 6.72 PS value ratio is reported for the last one year of reported earnings. This is above the average return 2.58 for the industry, which means STRM offers an unattractive investment opportunity than its competitors do.
STRM Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 2.09 level, and the violation of this level will cause a further drop to 2.02 level. At the upper end, 2.36 remains a key resistance. As the stock increases, it may find resistance at 2.30. In the 14-day chart, the Relative Strength Index standing at 50.12 suggests a technical neutral stance while the MACD standing at -0.03 indicates price will decrease in the next trading period. Stochastic %K at 54.37% suggests holding the stock while Percent R indicator at 66.67% suggests low price movement.
How much is the short interest in Streamline Health Solutions Inc.?
There have been a drop in short interest in the Streamline Health Solutions Inc. Financial stock, with short interest up by 96190.0 shares to 18780.0 shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 0.11 million shares. This -512.19% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 0.37% of the overall float in the stock, while the stock’s days to cover moved to 0.03.
How do analysts view Streamline Health Solutions Inc.?
In regard to the share price forecast for Streamline Health Solutions Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $3.00 in the next twelve months, representing almost an 30.33% growth from its recent price of $2.09. Among Streamline Health Solutions Inc. stock projections, $3.00 is the highest analyst target for the stock, while $3.00 is the lowest. Despite this, 1 analysts who share their consensus rating for STRM in 2021 agree that the stock is a Buy. The latest rating change took place on 4/25/16, when Lake Street Ratings downgraded the stock from “Buy” to “Hold.”