NASDAQ:QIPT

Quipt Home Medical (QIPT) Stock Forecast, Price & News

$5.52

+0.62 (+12.65%)

(As of 06/1/2023 ET)

Compare

Today's Range: $5.17
▼
$5.65
50-Day Range: $4.89
▼
$7.22
52-Week Range: $3.89
▼
$7.26

Volume: 482,696 shs
Average Volume: 262,984 shs
Market Capitalization: $230.68 million

P/E Ratio: 138.03
Dividend Yield: N/A
Price Target: $11.75

Quipt Home Medical MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 112.9% Upside
$11.75 Price Target
Short Interest: Healthy
0.21% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 42.86%
From $0.07 to $0.10 Per Share

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 stars

Medical Sector

379th out of 1,980 stocks

Surgical & Medical Instruments Industry

35th out of 200 stocks

3.5

Analyst's Opinion

Consensus Rating
Quipt 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/Downside
According 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 Coverage
Quipt Home Medical has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.21% of the float of Quipt Home Medical has been sold short.
Short Interest Ratio / Days to Cover
Quipt 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 month
Short interest in Quipt Home Medical has recently decreased by 49.11%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Quipt Home Medical does not currently pay a dividend.
Dividend Growth
Quipt Home Medical does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for QIPT.

2.2

News and Social Media Coverage

News Sentiment
Quipt 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 Interest
Only 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.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Quipt Home Medical insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.20% of the stock of Quipt Home Medical is held by insiders.
Percentage Held by Institutions
Only 26.14% of the stock of Quipt Home Medical is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The 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. Sector
The 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 Ratio
Quipt 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.

See Top Rated MarketRank™ Stocks Here

About Quipt Home Medical (NASDAQ:QIPT) Stock

Quipt 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.

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.

QIPT Stock News Headlines

May 21, 2023 | americanbankingnews.com

Quipt Home Medical Corp. (NASDAQ:QIPT) to Post FY2023 Earnings of $0.15 Per Share, Leede Jones Gab Forecasts

May 21, 2023 | americanbankingnews.com

Quipt Home Medical Corp. (NASDAQ:QIPT) to Post Q3 2023 Earnings of ($0.02) Per Share, Echelon Wealth Partners Forecasts

June 2, 2023 | Edge On The Street (Ad)

How to Invest in AI's Fast-Growing Market

The 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.com

Echelon Wealth Partners Brokers Boost Earnings Estimates for Quipt Home Medical Corp. (NASDAQ:QIPT)

May 17, 2023 | markets.businessinsider.com

Quipt Home Medical (QIPT) Receives a Buy from M Partners

May 17, 2023 | markets.businessinsider.com

Quipt Home Medical (QIPT) Receives a Buy from Benchmark Co.

May 16, 2023 | finance.yahoo.com

Quipt 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.com

Quipt Home Medical (QIPT) Set to Announce Quarterly Earnings on Tuesday

June 2, 2023 | Edge On The Street (Ad)

How to Invest in AI's Fast-Growing Market

May 9, 2023 | theglobeandmail.com

Closing Bell: Quipt Home Medical Corp down on Monday (QIPT)

May 4, 2023 | theglobeandmail.com

Closing Bell: Quipt Home Medical Corp up on Wednesday (QIPT)

May 3, 2023 | theglobeandmail.com

Closing Bell: Quipt Home Medical Corp up on Tuesday (QIPT)

May 2, 2023 | finance.yahoo.com

Quipt Home Medical Receives Conditional Approval to Graduate to the Toronto Stock Exchange

May 2, 2023 | americanbankingnews.com

Q3 2023 EPS Estimates for Quipt Home Medical Corp. Increased by Echelon Wealth Partners (NASDAQ:QIPT)

April 28, 2023 | americanbankingnews.com

Reviewing Quipt Home Medical (NASDAQ:QIPT) and Cerus (NASDAQ:CERS)

April 25, 2023 | finanznachrichten.de

Quipt Home Medical Corp.: Quipt Home Medical Announces Closing of Public Offering and Private Placement for Aggregate Gross Proceeds of $42.5 Million

April 25, 2023 | finance.yahoo.com

Quipt Home Medical Announces Closing of Public Offering and Private Placement for Aggregate Gross Proceeds of $42.5 Million

April 21, 2023 | theglobeandmail.com

Closing Bell: Quipt Home Medical Corp down on Friday (QIPT)

April 19, 2023 | bizjournals.com

Quipt Home Medical inks $26M stock deal with Beacon Securities, Canaccord Genuity Corp., others

April 19, 2023 | finance.yahoo.com

What You Can Learn From Quipt Home Medical Corp.'s (CVE:QIPT) P/E

April 18, 2023 | msn.com

Why Quipt Home Medical Stock Got Rocked Today

April 14, 2023 | theglobeandmail.com

Closing Bell: Quipt Home Medical Corp up on Friday (QIPT)

April 11, 2023 | americanbankingnews.com

Vivos (OTCMKTS:RDGL) versus Quipt Home Medical (NASDAQ:QIPT) Financial Review

April 10, 2023 | theglobeandmail.com

Closing Bell: Quipt Home Medical Corp up on Monday (QIPT)

April 9, 2023 | americanbankingnews.com

Quipt Home Medical Corp. to Post Q2 2023 Earnings of $0.07 Per Share, Echelon Wealth Partners Forecasts (NASDAQ:QIPT)

April 6, 2023 | seekingalpha.com

Quipt Home Medical announces new national insurance contract

April 6, 2023 | theglobeandmail.com

Closing Bell: Quipt Home Medical Corp down on Wednesday (QIPT)

See More Headlines

QIPT Price History

30 days | 90 days | 365 days | Advanced Chart

QIPT Company Calendar

Last Earnings: 8/22/2021
Today: 6/01/2023
Next Earnings (Estimated): 8/21/2023
Fiscal Year End: 9/30/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Surgical & medical instruments
Sub-Industry: N/A
Sector: Medical
Current Symbol: NASDAQ:QIPT
CUSIP: N/A
CIK: 1540013
Web: www.protechhomemedical.com
Phone: 859-878-2220
Fax: N/A
Employees: N/A
Year Founded: N/A

Price 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 Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.04
Trailing P/E Ratio: 138.03
Forward P/E Ratio: 78.86
P/E Growth: N/A
Net Income: $4.84 million
Net Margins: 0.86%
Pretax Margin: -0.21%
Return on Equity: 1.95%
Return on Assets: 0.97%

Debt

Debt-to-Equity Ratio: 0.92
Current Ratio: 0.73
Quick Ratio: 0.43

Sales & Book Value

Annual Sales: $139.86 million
Price / Sales: 1.65
Cash Flow: $0.88 per share
Price / Cash Flow: 6.25
Book Value: $1.96 per share
Price / Book: 2.82

Miscellaneous

Outstanding Shares: 41,790,000
Free Float: 40,037,000
Market Cap: $230.68 million
Optionable: Not Optionable
Beta: 0.61

Key Executives

Mr. Gregory J. Crawford
Chairman, Pres & CEO

Mr. Hardik Mehta
Chief Financial Officer

Mr. Jerry Kirn
VP of Operations

Mr. David Bachelder
Exec. VP of Operations

Mr. William Todd Zehnder (Age 48)
Chief Strategy Officer & Investor Relations

Cole Stevens
VP of Corp. Devel. & VP of Investor Relations

Leslie Becker
Exec. VP of Bus. Devel.

Dr. William Dana Frazier M.D. (Age 65)
Chief Medical Officer

Mr. Mark Miles
VP of Information Technology

Mr. Thomas W. Roehrig (Age 57)
Exec. VP of Fin.

Key Competitors

View All Competitors

Institutional Ownership

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

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial