WELL Health Technologies (TSE:WELL) Stock Price Up 0.2% – Time to Buy?

WELL Health Technologies Corp. (TSE:WELL)’s stock price shot up 0.2% during mid-day trading on Monday . The company traded as high as C$4.32 and last traded at C$4.25. Approximately 506,620 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 1,394,371 shares. The stock had previously closed at C$4.24.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group raised their price objective on WELL Health Technologies from C$6.50 to C$7.75 and gave the company a “buy” rating in a research report on Thursday, July 9th. Stifel Nicolaus increased their price target on shares of WELL Health Technologies from C$8.00 to C$8.25 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of WELL Health Technologies from C$5.50 to C$6.00 and gave the company an “outperformer” rating in a report on Wednesday, June 3rd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, WELL Health Technologies has a consensus rating of “Buy” and an average price target of C$7.12.

WELL Health Technologies Trading Down 2.3%

The stock’s fifty day simple moving average is C$4.21 and its 200-day simple moving average is C$4.20. The company has a debt-to-equity ratio of 100.05, a current ratio of 0.80 and a quick ratio of 1.02. The firm has a market cap of C$1.10 billion, a PE ratio of 215.50, a PEG ratio of -1.93 and a beta of 0.95.

WELL Health Technologies (TSE:WELL) last issued its earnings results on Thursday, August 6th. The company reported C$0.04 earnings per share (EPS) for the quarter. The company had revenue of C$400.43 million during the quarter. WELL Health Technologies had a return on equity of 0.44% and a net margin of 0.25%. On average, sell-side analysts forecast that WELL Health Technologies Corp. will post 0.3000698 earnings per share for the current year.

WELL Health Technologies Company Profile

WELL Health Technologies Corp. (TSX: WELL) is Canada’s largest outpatient healthcare company and a leading provider of technology-enabled healthcare solutions. WELL is building the infrastructure for a healthier Canada, where every patient gets better care, every provider is empowered by AI, and every piece of health data is protected. WELL owns and operates more than 250 clinics in Canada, supporting more than 5 million annual patient visits. Through its subsidiary WELLSTAR, WELL provides electronic medical records, AI-powered clinical tools, patient engagement platforms and IT management services.