WELL Health Technologies (TSE:WELL) Stock Price Up 1.5% – Still a Buy?

WELL Health Technologies Corp. (TSE:WELL)’s share price shot up 1.5% on Wednesday . The company traded as high as C$4.25 and last traded at C$4.19. Approximately 809,287 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 1,478,907 shares. The stock had previously closed at C$4.13.

Analyst Ratings Changes

Several research analysts have recently issued reports on WELL shares. Stifel Nicolaus boosted their price objective on shares of WELL Health Technologies from C$8.00 to C$8.25 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Canadian Imperial Bank of Commerce increased their target price on shares of 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. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$6.92.

WELL Health Technologies Stock Up 1.5%

The firm has a market capitalization of C$1.07 billion, a price-to-earnings ratio of 38.09, a price-to-earnings-growth ratio of -1.93 and a beta of 0.87. The business has a 50 day moving average of C$4.30 and a 200 day moving average of C$4.12. The company has a debt-to-equity ratio of 91.15, a current ratio of 0.83 and a quick ratio of 1.02.

WELL Health Technologies (TSE:WELL) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.06 earnings per share for the quarter. The firm had revenue of C$368.26 million for the quarter. WELL Health Technologies had a net margin of 1.82% and a return on equity of 3.15%. On average, equities analysts anticipate that WELL Health Technologies Corp. will post 0.3000698 EPS for the current year.

About WELL Health Technologies

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.