Healthcare Services Group, Inc.’s recently made public that its Principal Accounting Officer Brophy Andrew M unloaded Company’s shares for reported $14152.0 on Feb 28 ’24. In the deal valued at $12.58 per share,1,125 shares were sold. As a result of this transaction, Brophy Andrew M now holds 7,741 shares worth roughly $94904.66.
Then, Simmons Kurt JR bought 1,005 shares, generating $15,005 in total proceeds. Upon buying the shares at $14.93, the Director now owns 8,542 shares.
Jefferies upgraded its Healthcare Services Group, Inc. [HCSG] rating to a Hold from a an Underperform in a research note published on March 24, 2023; the price target was increased to $14 from $8.50. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in mid February from “a Sector perform” to “an Outperform”. The Benchmark Company also remained covering HCSG and has increased its forecast on October 20, 2022 with a “Buy” recommendation from previously “Hold” rating. Jefferies revised its rating on February 10, 2022. It rated HCSG as “an Underperform” which previously was an “a Hold”.
Price Performance Review of HCSG
On Tuesday, Healthcare Services Group, Inc. [NASDAQ:HCSG] saw its stock jump 0.49% to $12.26. Over the last five days, the stock has lost -0.33%. Healthcare Services Group, Inc. shares have risen nearly 18.23% since the year began. Nevertheless, the stocks have fallen -12.68% over the past one year. While a 52-week high of $15.97 was reached on 03/07/24, a 52-week low of $8.75 was recorded on 02/05/24. SMA at 50 days reached $11.67, while 200 days put it at $11.31. A total of 0.39 million shares were traded, compared to the trading of 0.29 million shares in the previous session.
Levels Of Support And Resistance For HCSG Stock
The 24-hour chart illustrates a support level at 12.14, which if violated will result in even more drops to 12.02. On the upside, there is a resistance level at 12.34. A further resistance level may holdings at 12.42. The Relative Strength Index (RSI) on the 14-day chart is 52.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.38%. Stochastics %K at 33.68% indicates the stock is a holding.
How much short interest is there in Healthcare Services Group, Inc.?
A steep rise in short interest was recorded in Healthcare Services Group, Inc. stocks on Mar 15, 2024, growing by 0.35 million shares to a total of 3.21 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.86 million shares. There was a rise of 10.9%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.13% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.2.
