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In a challenging market environment, AMN Healthcare Services Inc (NYSE:AMN). stock has touched a 52-week low, with shares falling to $22.46. According to InvestingPro data, the company’s market capitalization stands at $850 million, with an EBITDA of $294 million in the last twelve months. The healthcare staffing company, which has been navigating through a turbulent economic landscape, has seen a significant decline over the past year. Investors have been cautious as the stock’s value has plummeted, marking a stark 1-year change with a decrease of 61.75%. Despite current challenges, InvestingPro analysis suggests the stock is undervalued, with analysts expecting the company to return to profitability this year. This downturn reflects broader sectoral pressures and possibly company-specific headwinds, leading to a cautious outlook among shareholders as they monitor AMN’s performance for signs of a rebound. The company maintains a strong free cash flow yield, and InvestingPro subscribers can access additional insights through the comprehensive Pro Research Report, available for over 1,400 US stocks.
In other recent news, AMN Healthcare Services Inc. reported fourth-quarter revenues of $734.7 million, surpassing both JMP Securities’ projection of $691.0 million and the consensus estimate of $694.4 million, despite a 10% year-over-year decline. The company’s adjusted EBITDA for the quarter was $75.1 million, showing a 28% decrease from the previous year but still exceeding expectations. JMP Securities revised its price target for AMN Healthcare to $33 from $34 while maintaining a Market Outperform rating, reflecting confidence in the company’s future performance. UBS analysts maintained a Neutral rating with a $30 price target, emphasizing the company’s ongoing focus on debt reduction. AMN Healthcare has made significant progress in managing its leverage, ending 2024 with a ratio of 3.0x. Benchmark analysts reiterated a Hold rating, noting stabilizing trends in travel nurse utilization and bill rates as the company enters 2025. The firm highlighted AMN Healthcare’s positive fourth-quarter results, which were bolstered by higher-than-expected strike revenue. Analysts continue to monitor the company’s performance amid evolving industry conditions.
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