Skylight Health Group Inc. (NASDAQ: SLHG) Jumps 19.61% In Recent Trade, What Does The Future Hold?

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Skylight Health Group Inc. (NASDAQ:SLHG) price is hovering higher on Monday, May 02, jumping 19.61% above its previous close.

A look at today’s price movement shows that the recent level at last check reads $0.94, with intraday deals fluctuating between $0.755 and $0.9809. The company’s 5Y monthly beta was ticking 2.24. Taking into account the 52-week price action we note that the stock hit a 52-week high of $6.95 and 52-week low of $0.72. The stock subtracted -16.81% on its value in the past month.

Skylight Health Group Inc., which has a market valuation of $37.80 million, is expected to release its quarterly earnings report May 30, 2022 – Jun 03, 2022.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give SLHG a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 5 analysts have assigned SLHG a recommendation rating as follows: 1 rate it as a Hold; 4 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Skylight Health Group Inc. (SLHG) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that SLHG’s price is at present 16.54% off the SMA20 and 14.98% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 59.83, with weekly volatility standing at 13.31%. The indicator jumps to 10.22% when calculated based on the past 30 days. Skylight Health Group Inc. (NASDAQ:SLHG)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.10. Considering analysts have assigned the stock a price target range of $2.00-$9.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $3.90. Based on this estimate, we see that today’s price at last check is roughly -78.57% off the estimated low and -703.57% off the forecast high. Investors will no doubt be excited to see the share price fall to $3.00, which is the median consensus price, and at that level SLHG would be -167.86% from recent price.

An analysis of the Skylight Health Group Inc. (NASDAQ:SLHG) stock in terms of its daily trading volume indicates that the 3-month average is 81.33K.

Current records show that the company has 37.45M in outstanding shares. The insiders’ percentage holdings are 3.69% of outstanding shares while the percentage share held by institutions stands at 14.75%. But the -29.06% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.