Why athenahealth, Inc. (NASDAQ:ATHN) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $154.65 on athenahealth, Inc. (NASDAQ:ATHN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.80 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of athenahealth, Inc. (NASDAQ:ATHN) stands at 249.75. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For athenahealth, Inc., the PEG ratio for coming 3-5 years is 3.35. Technical Analysis The technical analysis highlights that athenahealth, Inc. current price is trading $7.23 points away +5.55% from $130.13, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $136.34 and, for now, the stock price is trading $1.02 or +0.75% away from that point. The 52-week high of athenahealth, Inc. (NASDAQ:ATHN) was $170.42 while lowest point recorded in 52-week was $111.57. It implies if stock price makes a movement of over $-33.06, it will record a new 52-week high. In the case of $+23.12% points drop, it will touch a new 52-week low.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

Click Here to See This Now.

(Visited 10 times, 1 visits today)