WELL Health Technologies (TSE:WELL) Trading Down 7.4% - Here's Why

Key Points

• Shares fell 7.4% intraday to C$3.88 (low C$3.83) on lower-than-average volume (~1.27M shares), trading below both its 50‑day (C$4.11) and 200‑day (C$4.38) moving averages.
• Analysts maintain a consensus "Buy" rating with a consensus target of C$7.35; CIBC upgraded to "outperform" while Scotiabank trimmed its target to C$6.50 but kept an "outperform" call.
• WELL has a market cap of ~C$983M and reported C$384.77M in quarterly revenue with C$0.20 EPS, but shows negative profitability metrics (net margin -3.58%, ROE -5.13%).

WELL Health Technologies Corp. (TSE:WELL - Get Free Report)'s share price was down 7.4% during mid-day trading on Friday . The company traded as low as C$3.83 and last traded at C$3.88. Approximately 1,266,680 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 1,400,748 shares. The stock had previously closed at C$4.19.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce upgraded shares of WELL Health Technologies from a "neutral" rating to an "outperform" rating in a report on Wednesday, December 3rd. Scotiabank lowered their price target on WELL Health Technologies from C$7.00 to C$6.50 and set an "outperform" rating for the company in a research report on Wednesday, February 4th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, WELL Health Technologies has a consensus rating of "Buy" and a consensus target price of C$7.35.

WELL Health Technologies Price Performance

The company has a market cap of C$982.52 million, a PE ratio of -43.00, a PEG ratio of -1.93 and a beta of 0.85. The firm's 50-day moving average is C$4.11 and its 200-day moving average is C$4.38. The company has a quick ratio of 1.02, a current ratio of 0.92 and a debt-to-equity ratio of 73.92.

WELL Health Technologies (TSE:WELL - Get Free Report) last posted its earnings results on Thursday, March 19th. The company reported C$0.20 earnings per share for the quarter. WELL Health Technologies had a negative return on equity of 5.13% and a negative net margin of 3.58%.The firm had revenue of C$384.77 million for the quarter. On average, equities analysts anticipate that WELL Health Technologies Corp. will post 0.3000698 EPS for the current year.

WELL Health Technologies Company Profile

WELL Health Technologies Corp is the owner and operator of a portfolio of Primary Hclinics delivering healthcare-related services It operates through below segments: clinical operations and allied health, Electronic medical record (EMR), Billing and revenue cycle management solutions, Digital apps, Cybersecurity, CRH, MyHealth, and corporate/shared services. Its segments are grouped in three divisions; Omni-channel Patient Services - Primary includes clinical operations and allied health. Omni-channel Patient Services - Specialized comprises CRH and MyHealth under two segments.

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