Brightspring Health Services, Stock Price on November 5, 2024
| BTSGU Stock | 71.13 1.98 2.86% |
If you're considering investing in BrightSpring Stock, it is important to understand the factors that can impact its price. As of today, the current price of BrightSpring Health stands at 71.13, as last reported on the 1st of December, with the highest price reaching 71.26 and the lowest price hitting 69.71 during the day. BrightSpring Health appears to be very steady, given 3 months investment horizon. BrightSpring Health secures Sharpe Ratio (or Efficiency) of 0.27, which signifies that the company had a 0.27% return per unit of risk over the last 3 months. By analyzing BrightSpring Health's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please makes use of BrightSpring Health's Mean Deviation of 1.7, risk adjusted performance of 0.2049, and Downside Deviation of 1.63 to double-check if our risk estimates are consistent with your expectations.
At this time, BrightSpring Health's Total Stockholder Equity is comparatively stable compared to the past year. Stock Based Compensation is likely to gain to about 3.6 M in 2024, whereas Other Stockholder Equity is likely to drop slightly above 641.7 M in 2024. . At this time, BrightSpring Health's Price To Sales Ratio is comparatively stable compared to the past year. Price Book Value Ratio is likely to gain to 3.38 in 2024, despite the fact that Price Earnings Ratio is likely to grow to (11.57). BrightSpring Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
BrightSpring |
Sharpe Ratio = 0.2712
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Estimated Market Risk
| 2.35 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.64 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.27 actual daily | 21 79% of assets perform better |
Based on monthly moving average BrightSpring Health is performing at about 21% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of BrightSpring Health by adding it to a well-diversified portfolio.
Shares Float 37.4 M | Shares Short Prior Month 5.2 K | Shares Short 2.8 K | Revenue Per Share 71.459 |
BrightSpring Health Valuation on November 5, 2024
It is possible to determine the worth of BrightSpring Health on a given historical date. On November 5, 2024 BrightSpring was worth 64.25 at the beginning of the trading date compared to the closed value of 64.73. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of BrightSpring Health stock. Still, in general, we apply an absolute valuation method to find BrightSpring Health's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of BrightSpring Health where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against BrightSpring Health's related companies.
| Open | High | Low | Close | Volume | |
| 61.93 | 62.60 | 61.91 | 62.60 | 39,100 | |
11/05/2024 | 64.25 | 64.73 | 64.25 | 64.73 | 303,890 |
| 65.92 | 66.93 | 65.28 | 66.93 | 47,730 |
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BrightSpring Health Trading Date Momentum on November 5, 2024
| On November 06 2024 BrightSpring Health Services, was traded for 66.93 at the closing time. The highest daily price throughout the period was 66.93 and the lowest price was 65.28 . The daily volume was 47.7 K. The net trading volume on 11/06/2024 added to the next day price appreciation. The overall trading delta to closing price of the next trading day was 3.40% . The overall trading delta to current closing price is 9.18% . |
BrightSpring Health Fundamentals Correlations and Trends
By evaluating BrightSpring Health's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among BrightSpring Health's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. BrightSpring financial account trend analysis is a perfect complement when working with valuation or volatility modules.About BrightSpring Health Stock history
BrightSpring Health investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for BrightSpring is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in BrightSpring Health will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing BrightSpring Health stock prices may prove useful in developing a viable investing in BrightSpring Health
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 196.9 M | 143.3 M |
BrightSpring Health Quarterly Net Working Capital |
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BrightSpring Health Stock Technical Analysis
BrightSpring Health technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
BrightSpring Health Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
BrightSpring Health Services, cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
BrightSpring Health December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how BrightSpring Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BrightSpring Health shares will generate the highest return on investment. By undertsting and applying BrightSpring Health stock market strength indicators, traders can identify BrightSpring Health Services, entry and exit signals to maximize returns
BrightSpring Health Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for BrightSpring Health's price direction in advance. Along with the technical and fundamental analysis of BrightSpring Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of BrightSpring to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2049 | |||
| Jensen Alpha | 0.4556 | |||
| Total Risk Alpha | 0.2059 | |||
| Sortino Ratio | 0.288 | |||
| Treynor Ratio | 0.5412 |
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Additional Tools for BrightSpring Stock Analysis
When running BrightSpring Health's price analysis, check to measure BrightSpring Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BrightSpring Health is operating at the current time. Most of BrightSpring Health's value examination focuses on studying past and present price action to predict the probability of BrightSpring Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BrightSpring Health's price. Additionally, you may evaluate how the addition of BrightSpring Health to your portfolios can decrease your overall portfolio volatility.