WELL Health Technologies (TSE:WELL) Trading Up 1.5% – Should You Buy?

WELL Health Technologies Corp. (TSE:WELL)’s share price rose 1.5% during mid-day trading on Wednesday . The stock traded as high as C$4.25 and last traded at C$4.19. 809,287 shares traded hands 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.

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of analyst reports. Stifel Nicolaus increased their target price on WELL Health Technologies from C$8.00 to C$8.25 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Canadian Imperial Bank of Commerce boosted their price target on 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. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$6.92.

WELL Health Technologies Trading Up 0.7%

The firm has a market capitalization of C$1.05 billion, a PE ratio of 37.55, a P/E/G ratio of -1.93 and a beta of 0.87. 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 business’s fifty day moving average price is C$4.30 and its 200 day moving average price is C$4.12.

WELL Health Technologies (TSE:WELL) last announced its quarterly earnings data 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 for the quarter. As a group, analysts expect 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.