Computer Programs and Systems Inc. (NASDAQ: CPSI) Trading above Its 20 Day MA ($29.34), Why Showing An Interesting Price Pattern?

Computer Programs and Systems Inc. (NASDAQ:CPSI) does about 81.66K shares in volume on a normal day but saw 376897 shares change hands in Friday trading. The company now has a market cap of 449.66M USD. Its current market price is $31.27, marking an increase of 0.71% compared to the previous close of $31.05. The 52 week high reached by this stock is $35.50 whilst the lowest price level in 52 weeks is $25.33. The script in recent trading has seen the stock touch a high of $31.58 and a low of $30.74.

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Computer Programs and Systems Inc. (CPSI) has a 20-day trading average at $29.34 and the current price is -11.92% off the 52-week high compared with 23.44% distance from its 52-week low. The 50-day simple moving average of the closing price is $28.32 and its 200-day simple moving average is $30.00. If we look at the stock’s price movements over the week, volatility stands at 6.32%, which decreases to 3.37% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 69.62 to suggest the stock is neutral.

The consensus objective for the share price is $37.67, suggesting that the stock has a potential upside of 16.99% over the period. The median price target is 18.78% away from the current levels at $38.50.

Cantor Fitzgerald also upgraded the stock to “Overweight” from Neutral on May 08, 2020 at a price target of $27.

The current price level is 7.17%, 10.62%, and 4.24% away from its SMA20, SMA50, and SMA200 respectively, with the CPSI price moving above the 50-day SMA on February 17. Computer Programs and Systems Inc. (CPSI) stock is up 6.40% over the week and 11.48% over the past month. Its price is 14.88% year-to-date and 5.96% over the past year.

The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $0.57 below consensus estimates by -$0.08. The company’s next earnings report is expected on 05/04/2023, with forecasts estimating quarterly EPS at $0.58 and $2.56 for whole year. CPSI’s earnings per share are forecast to shrink by -4.80% this year and 10.50% over next year. Expected sales for next quarter are $85.75 million, which analysts say will come at $325.5 million for the current fiscal year and next year at $344.15 million. In addition, estimates put the company’s current quarterly revenue at an average of $82.1 million.

Its 12-month price target is $38.50. To reach the target analysts have set, the stock logically needs to grow 16.99 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $36.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $41.00.

Outstanding shares total 14.37M with insiders holding 4.22% of the shares and institutional holders owning 91.83% of the company’s common stock. The company has a return on investment of 6.20% and return on equity of 8.00%. The price to earnings ratio (P/E ratio) amounts to 24.54 while the forward price to earnings ratio is 11.03. The beta has a value of 0.74. Price to book ratio is 1.93 and price to sales ratio is 1.42.

According to a U.S. Securities and Exchange Commission filing, iShares Core S&P Small Cap ETF has added its position in Computer Programs and Systems Inc. (CPSI) to 1,059,451 shares, mirroring a recent increase by 0.08%. iShares Core S&P Small Cap ETF added 800.0 shares of Computer Programs and Systems Inc. common stock bringing its total worth to about $31.13 million at the end of recent close, SEC documents show.

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