WELL Health Technologies (TSE:WELL) Stock Price Up 1.5% – Time to Buy?

WELL Health Technologies Corp. (TSE:WELL) shares rose 1.5% during trading on Wednesday . The company traded as high as C$4.25 and last traded at C$4.19. 809,287 shares were traded during trading, a decline of 45% from the average session volume of 1,478,907 shares. The stock had previously closed at C$4.13.

Analyst Ratings Changes

Several research firms have recently weighed in on WELL. Canadian Imperial Bank of Commerce upped their price objective on WELL Health Technologies from C$5.50 to C$6.00 and gave the company an “outperformer” rating in a research note on Wednesday, June 3rd. Stifel Nicolaus raised their target price on WELL Health Technologies from C$8.00 to C$8.25 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$6.92.

WELL Health Technologies Trading Up 1.5%

The company’s fifty day moving average price is C$4.30 and its two-hundred day moving average price is C$4.12. The company has a current ratio of 0.83, a quick ratio of 1.02 and a debt-to-equity ratio of 91.15. The firm has a market cap of C$1.07 billion, a P/E ratio of 38.09, a price-to-earnings-growth ratio of -1.93 and a beta of 0.87.

WELL Health Technologies (TSE:WELL) last announced its earnings results on Thursday, May 7th. The company reported C$0.06 earnings per share (EPS) for the quarter. WELL Health Technologies had a net margin of 1.82% and a return on equity of 3.15%. The business had revenue of C$368.26 million during the quarter. As a group, sell-side analysts predict that WELL Health Technologies Corp. will post 0.3000698 EPS for the current fiscal 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.