NASDAQ:QIPT Quipt Home Medical (QIPT) Stock Forecast, Price & News $5.52 +0.62 (+12.65%) (As of 06/1/2023 ET) Add Compare Share Share Today's Range$5.17▼$5.6550-Day Range$4.89▼$7.2252-Week Range$3.89▼$7.26Volume482,696 shsAverage Volume262,984 shsMarket Capitalization$230.68 millionP/E Ratio138.03Dividend YieldN/APrice Target$11.75 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Quipt Home Medical MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside112.9% Upside$11.75 Price TargetShort InterestHealthy0.21% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth42.86%From $0.07 to $0.10 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.39 out of 5 starsMedical Sector379th out of 1,980 stocksSurgical & Medical Instruments Industry35th out of 200 stocks 3.5 Analyst's Opinion Consensus RatingQuipt Home Medical has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $11.75, Quipt Home Medical has a forecasted upside of 112.9% from its current price of $5.52.Amount of Analyst CoverageQuipt Home Medical has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.21% of the float of Quipt Home Medical has been sold short.Short Interest Ratio / Days to CoverQuipt Home Medical has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Quipt Home Medical has recently decreased by 49.11%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldQuipt Home Medical does not currently pay a dividend.Dividend GrowthQuipt Home Medical does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for QIPT. Previous Next 2.2 News and Social Media Coverage News SentimentQuipt Home Medical has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Medical companies.Search InterestOnly 1 people have searched for QIPT on MarketBeat in the last 30 days. This is a decrease of -89% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Quipt Home Medical insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 4.20% of the stock of Quipt Home Medical is held by insiders.Percentage Held by InstitutionsOnly 26.14% of the stock of Quipt Home Medical is held by institutions. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Quipt Home Medical are expected to grow by 42.86% in the coming year, from $0.07 to $0.10 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Quipt Home Medical is 138.03, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 126.54.Price to Earnings Ratio vs. SectorThe P/E ratio of Quipt Home Medical is 138.03, which means that it is trading at a more expensive P/E ratio than the Medical sector average P/E ratio of about 85.37.Price to Book Value per Share RatioQuipt Home Medical has a P/B Ratio of 2.82. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Quipt Home Medical (NASDAQ:QIPT) StockQuipt Home Medical Corp. provides in-home medical equipment and supplies, and respiratory and durable medical equipment in the United States. It offers management of various chronic disease states focusing on patients with heart and pulmonary disease, sleep apnea, reduced mobility, and other chronic health conditions. The company also provides bariatric equipment, bathroom safety products, bilevel positive airway pressure, canes/crutches, continuous positive airway pressure, CPAP masks and accessories, hospital beds, humidifiers, nebulizers and compressors, oxygen concentrators, patient lifts, walkers, wheelchairs, and products for wound care. In addition, it offers ventilators; home-based sleep apnea and chronic obstructive pulmonary disease treatments; home-based healthcare logistics and services; medical supplies, medical equipment, mobility equipment, and respiratory equipment; and CPAP and BiPAP units, ventilation equipment and aids, daily and ambulatory aides, and equipment solutions, as well as home and hospital delivery, and oxygen therapy services. The company was formerly known as Protech Home Medical Corp. and changed its name to Quipt Home Medical Corp. in May 2021. Quipt Home Medical Corp. was incorporated in 1993 and is headquartered in Wilder, Kentucky.Read More Receive QIPT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Quipt Home Medical and its competitors with MarketBeat's FREE daily newsletter. Email Address QIPT Stock News HeadlinesMay 21, 2023 | americanbankingnews.comQuipt Home Medical Corp. (NASDAQ:QIPT) to Post FY2023 Earnings of $0.15 Per Share, Leede Jones Gab ForecastsMay 21, 2023 | americanbankingnews.comQuipt Home Medical Corp. (NASDAQ:QIPT) to Post Q3 2023 Earnings of ($0.02) Per Share, Echelon Wealth Partners ForecastsJune 2, 2023 | Edge On The Street (Ad)How to Invest in AI's Fast-Growing MarketThe AI market stands at $160 billion in 2023. Estimates are the AI market will grow 20-fold to $1.8 TRILLION by 2030. One little-known company is looking to win big with a new network technology no one else has. AI could explode... and soon.May 20, 2023 | americanbankingnews.comEchelon Wealth Partners Brokers Boost Earnings Estimates for Quipt Home Medical Corp. (NASDAQ:QIPT)May 17, 2023 | markets.businessinsider.comQuipt Home Medical (QIPT) Receives a Buy from M PartnersMay 17, 2023 | markets.businessinsider.comQuipt Home Medical (QIPT) Receives a Buy from Benchmark Co.May 16, 2023 | finance.yahoo.comQuipt Home Medical Reports Record Second Quarter Fiscal 2023 Financial Results Posting Revenue Growth of 73% and Adjusted EBITDA Growth of 86%May 15, 2023 | americanbankingnews.comQuipt Home Medical (QIPT) Set to Announce Quarterly Earnings on TuesdayJune 2, 2023 | Edge On The Street (Ad)How to Invest in AI's Fast-Growing MarketThe AI market stands at $160 billion in 2023. Estimates are the AI market will grow 20-fold to $1.8 TRILLION by 2030. One little-known company is looking to win big with a new network technology no one else has. AI could explode... and soon.May 9, 2023 | theglobeandmail.comClosing Bell: Quipt Home Medical Corp down on Monday (QIPT)May 4, 2023 | theglobeandmail.comClosing Bell: Quipt Home Medical Corp up on Wednesday (QIPT)May 3, 2023 | theglobeandmail.comClosing Bell: Quipt Home Medical Corp up on Tuesday (QIPT)May 2, 2023 | finance.yahoo.comQuipt Home Medical Receives Conditional Approval to Graduate to the Toronto Stock ExchangeMay 2, 2023 | americanbankingnews.comQ3 2023 EPS Estimates for Quipt Home Medical Corp. Increased by Echelon Wealth Partners (NASDAQ:QIPT)April 28, 2023 | americanbankingnews.comReviewing Quipt Home Medical (NASDAQ:QIPT) and Cerus (NASDAQ:CERS)April 25, 2023 | finanznachrichten.deQuipt Home Medical Corp.: Quipt Home Medical Announces Closing of Public Offering and Private Placement for Aggregate Gross Proceeds of $42.5 MillionApril 25, 2023 | finance.yahoo.comQuipt Home Medical Announces Closing of Public Offering and Private Placement for Aggregate Gross Proceeds of $42.5 MillionApril 21, 2023 | theglobeandmail.comClosing Bell: Quipt Home Medical Corp down on Friday (QIPT)April 19, 2023 | bizjournals.comQuipt Home Medical inks $26M stock deal with Beacon Securities, Canaccord Genuity Corp., othersApril 19, 2023 | finance.yahoo.comWhat You Can Learn From Quipt Home Medical Corp.'s (CVE:QIPT) P/EApril 18, 2023 | msn.comWhy Quipt Home Medical Stock Got Rocked TodayApril 14, 2023 | theglobeandmail.comClosing Bell: Quipt Home Medical Corp up on Friday (QIPT)April 11, 2023 | americanbankingnews.comVivos (OTCMKTS:RDGL) versus Quipt Home Medical (NASDAQ:QIPT) Financial ReviewApril 10, 2023 | theglobeandmail.comClosing Bell: Quipt Home Medical Corp up on Monday (QIPT)April 9, 2023 | americanbankingnews.comQuipt Home Medical Corp. to Post Q2 2023 Earnings of $0.07 Per Share, Echelon Wealth Partners Forecasts (NASDAQ:QIPT)April 6, 2023 | seekingalpha.comQuipt Home Medical announces new national insurance contractApril 6, 2023 | theglobeandmail.comClosing Bell: Quipt Home Medical Corp down on Wednesday (QIPT)See More Headlines QIPT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart QIPT Company Calendar Last Earnings8/22/2021Today6/01/2023Next Earnings (Estimated)8/21/2023Fiscal Year End9/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Surgical & medical instruments Sub-IndustryN/A SectorMedical Current SymbolNASDAQ:QIPT CUSIPN/A CIK1540013 Webwww.protechhomemedical.com Phone859-878-2220FaxN/AEmployeesN/AYear FoundedN/APrice Target and Rating Average Stock Price Forecast$11.75 High Stock Price Forecast$14.00 Low Stock Price Forecast$10.00 Forecasted Upside/Downside+112.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.04 Trailing P/E Ratio138.03 Forward P/E Ratio78.86 P/E GrowthN/ANet Income$4.84 million Net Margins0.86% Pretax Margin-0.21% Return on Equity1.95% Return on Assets0.97% Debt Debt-to-Equity Ratio0.92 Current Ratio0.73 Quick Ratio0.43 Sales & Book Value Annual Sales$139.86 million Price / Sales1.65 Cash Flow$0.88 per share Price / Cash Flow6.25 Book Value$1.96 per share Price / Book2.82Miscellaneous Outstanding Shares41,790,000Free Float40,037,000Market Cap$230.68 million OptionableNot Optionable Beta0.61 Key ExecutivesMr. Gregory J. CrawfordChairman, Pres & CEOMr. Hardik MehtaChief Financial OfficerMr. Jerry KirnVP of OperationsMr. David BachelderExec. VP of OperationsMr. William Todd Zehnder (Age 48)Chief Strategy Officer & Investor Relations Cole StevensVP of Corp. Devel. & VP of Investor RelationsLeslie BeckerExec. VP of Bus. Devel.Dr. William Dana Frazier M.D. (Age 65)Chief Medical Officer Mr. Mark MilesVP of Information TechnologyMr. Thomas W. Roehrig (Age 57)Exec. VP of Fin. More ExecutivesKey CompetitorsAlpha Healthcare Acquisition Corp. IIINASDAQ:ALPAApyx MedicalNASDAQ:APYXNyxoahNASDAQ:NYXHClearPoint NeuroNASDAQ:CLPTPulse BiosciencesNASDAQ:PLSEView All CompetitorsInstitutional OwnershipRoyce & Associates LPBought 470,835 shares on 5/23/2023Ownership: 1.127%Ameriprise Financial Inc.Bought 128,896 shares on 5/22/2023Ownership: 0.308%Balyasny Asset Management L.P.Bought 12,769 shares on 5/16/2023Ownership: 0.031%Squarepoint Ops LLCBought 12,156 shares on 5/16/2023Ownership: 0.029%Susquehanna International Group LLPBought 10,200 shares on 5/16/2023Ownership: 0.000%View All Institutional Transactions QIPT Stock - Frequently Asked Questions Should I buy or sell Quipt Home Medical stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Quipt Home Medical in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" QIPT shares. View QIPT analyst ratings or view top-rated stocks. What is Quipt Home Medical's stock price forecast for 2023? 3 brokerages have issued twelve-month price objectives for Quipt Home Medical's shares. Their QIPT share price forecasts range from $10.00 to $14.00. On average, they expect the company's stock price to reach $11.75 in the next twelve months. This suggests a possible upside of 112.9% from the stock's current price. View analysts price targets for QIPT or view top-rated stocks among Wall Street analysts. How have QIPT shares performed in 2023? Quipt Home Medical's stock was trading at $4.71 at the start of the year. Since then, QIPT stock has increased by 17.2% and is now trading at $5.52. View the best growth stocks for 2023 here. Are investors shorting Quipt Home Medical? Quipt Home Medical saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 71,600 shares, a decline of 49.1% from the April 30th total of 140,700 shares. Based on an average trading volume of 162,000 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company's stock are short sold. View Quipt Home Medical's Short Interest. When is Quipt Home Medical's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023. View our QIPT earnings forecast. How were Quipt Home Medical's earnings last quarter? Quipt Home Medical Corp. (NASDAQ:QIPT) released its earnings results on Sunday, August, 22nd. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.16. The firm earned $26.24 million during the quarter, compared to the consensus estimate of $26.80 million. Quipt Home Medical had a net margin of 0.86% and a trailing twelve-month return on equity of 1.95%. What is Quipt Home Medical's stock symbol? Quipt Home Medical trades on the NASDAQ under the ticker symbol "QIPT." Who are Quipt Home Medical's major shareholders? Quipt Home Medical's stock is owned by a variety of retail and institutional investors. Top institutional investors include CLARET ASSET MANAGEMENT Corp (11.12%), Boston Partners (2.00%), Fiera Capital Corp (1.45%), Royce & Associates LP (1.28%), Royce & Associates LP (1.13%) and Russell Investments Group Ltd. (1.10%). How do I buy shares of Quipt Home Medical? Shares of QIPT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Quipt Home Medical's stock price today? One share of QIPT stock can currently be purchased for approximately $5.52. How much money does Quipt Home Medical make? Quipt Home Medical (NASDAQ:QIPT) has a market capitalization of $230.68 million and generates $139.86 million in revenue each year. The company earns $4.84 million in net income (profit) each year or $0.04 on an earnings per share basis. How can I contact Quipt Home Medical? The official website for the company is www.protechhomemedical.com. The company can be reached via phone at 859-878-2220 or via email at investorinfo@myquipt.com. This page (NASDAQ:QIPT) was last updated on 6/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Quipt Home Medical Corp. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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