WELL Health Technologies (TSE:WELL) Trading Up 0.2% - Time to Buy?

Key Points

• WELL Health Technologies shares rose 0.2% to C$4.25 in mid-day trading, while volume fell 64% below the average session level.
• Analyst sentiment remains positive: four analysts rate the stock a Buy, with a consensus price target of C$7.12; recent targets range from C$6.00 to C$8.25.
• The company reported quarterly revenue of C$400.43 million and EPS of C$0.04, but profitability remained modest with a 0.25% net margin and a 212.5 price-to-earnings ratio.

WELL Health Technologies Corp. (TSE:WELL - Get Free Report)'s stock price shot up 0.2% during mid-day trading on Monday . The company traded as high as C$4.32 and last traded at C$4.25. 506,620 shares traded hands during trading, a decline of 64% from the average session volume of 1,394,371 shares. The stock had previously closed at C$4.24.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Canadian Imperial Bank of Commerce raised their price objective on shares of WELL Health Technologies from C$5.50 to C$6.00 and gave the company an "outperformer" rating in a research note on Wednesday, June 3rd. Canaccord Genuity Group upped their target price on shares of WELL Health Technologies from C$6.50 to C$7.75 and gave the stock a "buy" rating in a research note on Thursday, July 9th. Finally, Stifel Nicolaus increased their target price on shares of WELL Health Technologies from C$8.00 to C$8.25 and gave the stock a "buy" rating in a report on Wednesday, June 3rd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, WELL Health Technologies currently has an average rating of "Buy" and a consensus price target of C$7.12.

WELL Health Technologies Trading Up 0.2%

The company has a current ratio of 0.80, a quick ratio of 1.02 and a debt-to-equity ratio of 100.05. The company has a market cap of C$1.09 billion, a PE ratio of 212.50, a P/E/G ratio of -1.93 and a beta of 0.95. The company has a fifty day simple moving average of C$4.20 and a two-hundred day simple moving average of C$4.20.

WELL Health Technologies (TSE:WELL - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.04 EPS for the quarter. WELL Health Technologies had a return on equity of 0.44% and a net margin of 0.25%.The business had revenue of C$400.43 million during the quarter. Analysts anticipate that WELL Health Technologies Corp. will post 0.3000698 EPS for the current year.

About WELL Health Technologies

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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