Stock To Watch: Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX)


The leading market experts have placed a mean price target of $16.26 on Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.17 a share for the upcoming quarter and $0.59 for the current fiscal.

Technical View

The technical analysis of Allscripts Healthcare Solutions plainly substantiates that the 50-day moving average of Allscripts Healthcare Solutions is $13.63, and stock is trading $-0.47 points away or -3.46% from its 50-day moving average of $13.63. Further it is trading $-0.06 or -0.49% away its 200-day moving average of $13.22. Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) 52-week high is $15.78 and the 52-week low is $11.47.

This explains if the stock moves $-2.62, it will post a 52-week high. In event of +14.73% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Allscripts Healthcare Solutions, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) ratio came in at 822.50.

The stock last ended the trading session at $13.16 and registered a market cap of $2.46B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) PEG ratio is at 1.41.

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