Allscripts Healthcare Solutions Inc. [NASDAQ: MDRX] traded at a high on 07/31/20, posting a 18.58 gain after which it closed the day’ session at $9.00. The company report on July 30, 2020 that Strata Decision Technology to Acquire EPSi From Allscripts.
Strata Decision Technology (Strata), a pioneer and leader in the development of cloud-based financial planning, analytics and performance tools for healthcare, today announced that it has reached a definitive agreement to acquire EPSi from Allscripts (NASDAQ: MDRX) for $365 million. EPSi is a leading provider of financial decision support and planning tools for hospitals and health systems.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200730006054/en/.
The results of the trading session contributed to over 7257003 shares changing hands. Over the past one week, the price volatility of Allscripts Healthcare Solutions Inc. stands at 8.29% while the volatility over the past one month is 5.51%.
The market cap for MDRX stock reached $1.23 billion, with 162.46 million shares outstanding and 159.77 million shares in the current float. Compared to the average trading volume of 2.18M shares, MDRX reached a trading volume of 7257003 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Allscripts Healthcare Solutions Inc. [MDRX]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MDRX shares is $8.11 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MDRX stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Allscripts Healthcare Solutions Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on July 21, 2020. While these analysts kept the previous recommendation, Jefferies raised their target price from $10.50 to $7. The new note on the price target was released on April 22, 2020, representing the official price target for Allscripts Healthcare Solutions Inc. stock. Previously, the target price had yet another raise to $8, while RBC Capital Mkts analysts kept a Outperform rating on MDRX stock.
The Average True Range (ATR) for Allscripts Healthcare Solutions Inc. is set at 0.53, with the Price to Sales ratio for MDRX stock in the period of the last 12 months amounting to 0.72. The Price to Book ratio for the last quarter was 1.18, with the Price to Cash per share for the same quarter was set at 1.49. Price to Free Cash Flow for MDRX in the course of the last twelve months was 41.54 with Quick ratio for the last quarter at 0.80.
How has MDRX stock performed recently?
Allscripts Healthcare Solutions Inc. [MDRX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 28.02. With this latest performance, MDRX shares gained by 36.47% in over the last four-week period, additionally plugging by 4.90% over the last 6 months – not to mention a drop of -12.37% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MDRX stock in for the last two-week period is set at 75.71, with the RSI for the last a single of trading hit 84.08, and the three-weeks RSI is set at 70.40 for Allscripts Healthcare Solutions Inc. [MDRX]. The present Moving Average for the last 50 days of trading for this stock 6.84, while it was recorded at 7.68 for the last single week of trading, and 8.12 for the last 200 days.
Allscripts Healthcare Solutions Inc. [MDRX]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Allscripts Healthcare Solutions Inc. [MDRX] shares currently have an operating margin of +0.48 and a Gross Margin at +38.73. Allscripts Healthcare Solutions Inc.’s Net Margin is presently recorded at -10.28.
Return on Total Capital for MDRX is now 0.37, given the latest momentum, and Return on Invested Capital for the company is -8.82. Return on Equity for this stock declined to -12.85, with Return on Assets sitting at -5.70. When it comes to the capital structure of this company, Allscripts Healthcare Solutions Inc. [MDRX] has a Total Debt to Total Equity ratio set at 80.45. Additionally, MDRX Total Debt to Total Capital is recorded at 44.58, with Total Debt to Total Assets ending up at 32.25. Long-Term Debt to Equity for the company is recorded at 50.28, with the Long-Term Debt to Total Capital now at 27.86.
Reflecting on the efficiency of the workforce at the company, Allscripts Healthcare Solutions Inc. [MDRX] managed to generate an average of -$18,977 per employee. Receivables Turnover for the company is 3.26 with a Total Asset Turnover recorded at a value of 0.55.Allscripts Healthcare Solutions Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.
Earnings analysis for Allscripts Healthcare Solutions Inc. [MDRX]
With the latest financial reports released by the company, Allscripts Healthcare Solutions Inc. posted 0.17/share EPS, while the average EPS was predicted by analysts to be reported at 0.17/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MDRX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Allscripts Healthcare Solutions Inc. go to 7.73%.
Insider trade positions for Allscripts Healthcare Solutions Inc. [MDRX]
There are presently around $1,552 million, in the hands of institutional investors. The top three institutional holders of MDRX stocks are: WELLINGTON MANAGEMENT GROUP LLP with ownership of 21,790,256, which is approximately -0.333% of the company’s market cap and around 2.60% of the total institutional ownership; BLACKROCK INC., holding 20,871,494 shares of the stock with an approximate value of $187.84 million in MDRX stocks shares; and VANGUARD GROUP INC, currently with $152.65 million in MDRX stock with ownership of nearly 8.194% of the company’s market capitalization.
Positions in Allscripts Healthcare Solutions Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 99 institutional holders increased their position in Allscripts Healthcare Solutions Inc. [NASDAQ:MDRX] by around 9,759,998 shares. Additionally, 122 investors decreased positions by around 20,103,620 shares, while 38 investors held positions by with 142,596,901 shares. The mentioned changes placed institutional holdings at 172,460,519 shares, according to the latest SEC report filing. MDRX stock had 22 new institutional investments in for a total of 980,462 shares, while 52 institutional investors sold positions of 6,996,470 shares during the same period.