WELL Health Technologies (TSE:WELL) Reaches New 1-Year Low – Here’s Why

WELL Health Technologies Corp. (TSE:WELL)’s share price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as C$3.54 and last traded at C$3.67, with a volume of 311,060 shares changing hands. The stock had previously closed at C$3.59.

Wall Street Analysts Forecast Growth

Separately, TD set a C$8.50 price objective on shares of WELL Health Technologies and gave the stock a “buy” rating in a report on Monday, October 5th. Five analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$7.40.

WELL Health Technologies Stock Performance

The company has a debt-to-equity ratio of 100.05, a current ratio of 0.80 and a quick ratio of 1.02. The stock’s 50 day moving average is C$4.23 and its 200-day moving average is C$4.19. The company has a market capitalization of C$918.85 million, a P/E ratio of 179.50, a P/E/G ratio of -1.93 and a beta of 0.51.

WELL Health Technologies (TSE:WELL) last announced its earnings results on Monday, November 9th. The company reported C$0.11 earnings per share (EPS) for the quarter. WELL Health Technologies had a return on equity of 0.44% and a net margin of 0.25%. The firm had revenue of C$407.40 million during the quarter. As a group, equities research analysts anticipate that WELL Health Technologies Corp. will post 0.30 earnings per share for the current 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.