WELL Health Technologies (TSE:WELL) Shares Down 0.7% - What's Next?

Key Points

• WELL Health Technologies shares fell 0.7% to C$4.18 in mid-day trading, with volume down 51% from the average daily level.
• Analysts remain bullish: five research firms rate the stock “Buy,” with an average price target of C$7.40; TD set a C$8.50 target and Canaccord raised its target to C$7.75.
• The company reported quarterly revenue of C$400.43 million and EPS of C$0.04, but profitability remained limited, with a 0.25% net margin and 0.44% return on equity.

WELL Health Technologies Corp. (TSE:WELL - Get Free Report)'s share price traded down 0.7% during mid-day trading on Monday. The company traded as low as C$4.17 and last traded at C$4.18. Approximately 655,536 shares changed hands during trading, a decline of 51% from the average daily volume of 1,331,432 shares. The stock had previously closed at C$4.21.

Analyst Ratings Changes

Several brokerages have recently commented on WELL. TD set a C$8.50 target price on WELL Health Technologies and gave the company a "buy" rating in a report on Monday, October 5th. Canaccord Genuity Group increased their price target on WELL Health Technologies from C$6.50 to C$7.75 and gave the company a "buy" rating in a research report on Thursday, July 9th. Five research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, WELL Health Technologies has an average rating of "Buy" and an average price target of C$7.40.

WELL Health Technologies Stock Performance

The firm's 50-day moving average price is C$4.29 and its two-hundred day moving average price is C$4.19. The company has a quick ratio of 1.02, a current ratio of 0.80 and a debt-to-equity ratio of 100.05. The firm has a market capitalization of C$1.07 billion, a PE ratio of 209.00, a P/E/G ratio of -1.93 and a beta of 0.71.

WELL Health Technologies (TSE:WELL - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.04 EPS for the quarter. WELL Health Technologies had a net margin of 0.25% and a return on equity of 0.44%. The business had revenue of C$400.43 million during the quarter. As a group, research analysts predict that WELL Health Technologies Corp. will post 0.30 earnings per share for the current fiscal year.

WELL Health Technologies Company Profile

WELL Health Technologies Corp. TSX: WELL is Canada's largest outpatient healthcare company and a leading provider of technology-enabled healthcare solutions. WELL is building the infrastructure for a healthier Canada, where every patient gets better care, every provider is empowered by AI, and every piece of health data is protected. WELL owns and operates more than 250 clinics in Canada, supporting more than 5 million annual patient visits. Through its subsidiary WELLSTAR, WELL provides electronic medical records, AI-powered clinical tools, patient engagement platforms and IT management services.

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