VMD Stock Summary and Trading Ideas (Viemed Healthcare - Common Shares | NASDAQ:VMD)

Viemed Healthcare Inc is a provider of medical equipment and home therapy to patients with respiratory disease, oxygen problems, sleep apnea and PAP treatment. The company also provides services such as respiratory disease management, neuromuscular care, in-home sleep testing and sleep apnea treatment, oxygen therapy, respiratory equipment rentals, and healthcare staffing services. The company generates majority its revenue from medical equipment rental, sales and supply.

Viemed Healthcare - Common Shares trades on the NASDAQ stock market under the symbol VMD.

As of April 24, 2024, VMD stock price climbed to $8.09 with 137,674 million shares trading.

VMD has a beta of 1.70, meaning it tends to be more sensitive to market movements. VMD has a correlation of 0.19 to the broad based SPY ETF.

VMD has a market cap of $313.54 million. This is considered a Small Cap stock.

Last quarter Viemed Healthcare - Common Shares reported $51 million in Revenue and $.09 earnings per share. This beat revenue expectation by $739,000 and missed earnings estimates by -$.01.

In the last 3 years, VMD stock traded as high as $12.01 and as low as $3.56.

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

VMD has underperformed the market in the last year with a price return of -31.3% while the SPY ETF gained +24.2%. VMD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.2% and -3.5%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

VMD support price is $7.81 and resistance is $8.31 (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 VMD stock will trade within this expected range on the day.