WELL Health Technologies (TSE:WELL) Stock Price Down 0.5% – Should You Sell?

WELL Health Technologies Corp. (TSE:WELL)’s share price dropped 0.5% during trading on Thursday . The stock traded as low as C$3.95 and last traded at C$4.00. Approximately 828,035 shares traded hands during trading, a decline of 41% from the average daily volume of 1,404,990 shares. The stock had previously closed at C$4.02.

Analysts Set New Price Targets

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

WELL Health Technologies Price Performance

The firm has a fifty day moving average price of C$4.31 and a two-hundred day moving average price of C$4.15. The company has a quick ratio of 1.02, a current ratio of 0.83 and a debt-to-equity ratio of 91.15. The stock has a market capitalization of C$1.03 billion, a P/E ratio of 36.73, a P/E/G ratio of -1.93 and a beta of 0.90.

WELL Health Technologies (TSE:WELL) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.06 earnings per share (EPS) for the quarter. The company 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, analysts expect 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.