AMN Stock Summary and Trading Ideas (Amn Healthcare Services | NYSE:AMN)

AMN Healthcare Services is one of the largest healthcare staffing company in the United States. In 2023, it offered more than 13,000 nurses and allied healthcare full-time workers with provider clients nationwide. About two thirds of its business is generated from its temporary nursing division; the other third is generated from its physician placement and technology-backed workplace solutions divisions.

Amn Healthcare Services trades on the NYSE stock market under the symbol AMN.

As of April 19, 2024, AMN stock price climbed to $57.09 with 184,811 million shares trading.

AMN has a beta of 0.50, meaning it tends to be less sensitive to market movements. AMN has a correlation of 0.02 to the broad based SPY ETF.

AMN has a market cap of $2.16 billion. This is considered a Mid Cap stock.

Last quarter Amn Healthcare Services reported $818 million in Revenue and $1.32 earnings per share. This beat revenue expectation by $15 million and exceeded earnings estimates by $.07.

In the last 3 years, AMN stock traded as high as $129.12 and as low as $53.77.

The top ETF exchange traded funds that AMN belongs to (by Net Assets): IJR, VTI, VB, IWM, VXF.

AMN has underperformed the market in the last year with a return of -32.9%, while the SPY ETF gained +21.0%. In the last 3 month period, AMN fell short of the market, returning -22.1%, while SPY returned +4.1%. However, in the most recent 2 weeks AMN has outperformed the stock market by returning -2.1%, while SPY returned -3.6%.

AMN support price is $54.86 and resistance is $57.74 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMN stock will trade within this expected range on the day.