HCSG Stock Summary and Trading Ideas (Healthcare Services Group | NASDAQ:HCSG)

Healthcare Services Group Inc is a provider of housekeeping and facility management services to the healthcare industry. The company operates two business segments, both contributing roughly equally to the company's revenue: Housekeeping, laundry, linen, and other services; and Dietary department services. Housekeeping includes management of clients' housekeeping departments, cleaning, disinfecting and sanitizing, laundry, bed linen, and uniform services. Dietary consists of food purchasing, meal preparation, and providing dietitian consulting services. Its clients are nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States of America.

Healthcare Services Group trades on the NASDAQ stock market under the symbol HCSG.

As of December 13, 2024, HCSG stock price declined to $12.54 with 345,994 million shares trading.

HCSG has a beta of 0.51, meaning it tends to be less sensitive to market movements. HCSG has a correlation of 0.03 to the broad based SPY ETF.

HCSG has a market cap of $919.07 million. This is considered a Small Cap stock.

Last quarter Healthcare Services Group reported $428 million in Revenue and $.19 earnings per share. This fell short of revenue expectation by $-2 million and met earnings estimates .

In the last 3 years, HCSG traded as high as $20.54 and as low as $8.75.

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

HCSG has underperformed the market in the last year with a return of +26.7%, while SPY returned +31.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in HCSG shares. However, HCSG has outperformed the market in the last 3 month and 2 week periods, returning +18.2% and +1.3%, while SPY returned +8.4% and +0.9%, respectively. This indicates HCSG has been having a stronger performance recently.

HCSG support price is $12.61 and resistance is $13.17 (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 HCSG shares will trade within this expected range on the day.