PNTG Stock Summary and Trading Ideas (Pennant Group | NASDAQ:PNTG)

Pennant Group Inc is engaged in providing healthcare services to patients of all ages, including the growing senior population, in the United States. It operates in multiple lines of business including home health, hospice, and senior living which includes the company's assisted living, independent living, and memory care communities across Arizona, California, Colorado, Idaho, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin, and Wyoming. The company generates majority of its revenue from home health and hospice services segment, which includes its home health, hospice and home care businesses.

Pennant Group trades on the NASDAQ stock market under the symbol PNTG.

As of April 25, 2024, PNTG stock price declined to $20.63 with 104,500 million shares trading.

PNTG has a beta of 0.98, meaning it tends to be less sensitive to market movements. PNTG has a correlation of 0.11 to the broad based SPY ETF.

PNTG has a market cap of $626.97 million. This is considered a Small Cap stock.

Last quarter Pennant Group reported $146 million in Revenue and $.22 earnings per share. This beat revenue expectation by $10 million and met earnings estimates .

In the last 3 years, PNTG stock traded as high as $44.23 and as low as $8.68.

The top ETF exchange traded funds that PNTG belongs to (by Net Assets): VTI, IWM, VXF, IWO, SCHA.

PNTG has outperformed the market in the last year with a price return of +52.7% while the SPY ETF gained +23.2%. PNTG has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +32.9% and +2.1%, respectively, while the SPY returned +3.6% and -2.5%, respectively.

PNTG support price is $20.27 and resistance is $21.15 (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 PNTG stock will trade within this expected range on the day.