Aveanna Healthcare Holdings Inc. Q3 2024 Earnings Call Transcript
| AVAH Stock | USD 5.35 0.14 2.55% |
Under 62% of Aveanna Healthcare's investor base is looking to short. The analysis of the overall prospects from investing in Aveanna Healthcare Holdings suggests that many traders are, at the present time, alarmed. Aveanna Healthcare's investing sentiment shows overall attitude of investors towards Aveanna Healthcare Holdings.
Operator Good morning, and welcome to the Aveanna Healthcare Holdings Third Quarter 2024 Earnings Conference Call.
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Aveanna Healthcare Fundamental Analysis
We analyze Aveanna Healthcare's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aveanna Healthcare using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aveanna Healthcare based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Earnings To Growth
Price To Earnings To Growth Comparative Analysis
Aveanna Healthcare is currently under evaluation in price to earnings to growth category among its peers. PEG Ratio indicates the potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate. Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates the future growth of a firm. The low PEG ratio usually implies that an equity instrument is undervalued; whereas PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.
Aveanna Healthcare Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Aveanna Healthcare stock to make a market-neutral strategy. Peer analysis of Aveanna Healthcare could also be used in its relative valuation, which is a method of valuing Aveanna Healthcare by comparing valuation metrics with similar companies.
Peers
Aveanna Healthcare Related Equities
| ADUS | Addus HomeCare | 1.25 | ||||
| MFCSF | Medical Facilities | 0.36 | ||||
| SGRY | Surgery Partners | 0.31 | ||||
| FSNUY | Fresenius | 0.40 | ||||
| ENSG | Ensign | 0.97 | ||||
| EHC | Encompass Health | 1.03 | ||||
| EHAB | Enhabit | 1.63 | ||||
| AMS | American Shared | 1.67 | ||||
| SEM | Select Medical | 1.76 | ||||
| UHS | Universal Health | 1.84 | ||||
| INNV | InnovAge Holding | 1.95 | ||||
| PNTG | Pennant | 1.99 | ||||
| OPCH | Option Care | 2.08 | ||||
| ACHC | Acadia Healthcare | 2.34 | ||||
| BKD | Brookdale Senior | 2.53 | ||||
| RMYHY | Ramsay Health | 7.22 |
Complementary Tools for Aveanna Stock analysis
When running Aveanna Healthcare's price analysis, check to measure Aveanna Healthcare'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 Aveanna Healthcare is operating at the current time. Most of Aveanna Healthcare's value examination focuses on studying past and present price action to predict the probability of Aveanna Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aveanna Healthcare's price. Additionally, you may evaluate how the addition of Aveanna Healthcare to your portfolios can decrease your overall portfolio volatility.
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