athenahealth Inc (NASDAQ:ATHN) near 52-week low, short interest ramping up

athenahealth Inc (NASDAQ:ATHN) (TREND ANALYSIS) shares were traded with a volume more than two times higher than the usual volume. The stock closed last trading session at $116.6, down by -5.23%, with a volume of 1,819,615 shares against an average volume for the last 3 months of 532,800.

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athenahealth Inc (NASDAQ:ATHN) is currently trading 23.92% below its 52-week-high, 8.08% above its 52-week-low. The 1-year range for the stock is $107.88 – $153.25. athenahealth Inc (ATHN) has a price to book ratio of 10.21 versus Technology sector average of 2.82. ATHN stock price has underperformed the Nasdaq by 26.6%. The Medical Information Systems company is currently valued at $4.5 billion and its share price closed the last trading session at $116.6. The stock has a 50-day moving average of $121.11 and a 200-day moving average of $128.3.

athenahealth Inc (ATHN) current short interest stands at 11.27 million shares. It has increased by 5% from the same period of last month. Around 30% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.53 million shares, the number of days required to cover the short positions stand at 21.2 days.

The company is expected to announce next quarter earnings on July 16, at consensus estimate of $0. athenahealth Inc (ATHN) reported last quarter earnings on April 30. The Medical Information Systems company announced earnings per share of $-0.01 against a consensus Street estimate of $-0.1, beating the average estimate by $0.09. This corresponds to a decrease of $0.02 compared to the same quarter of the previous fiscal year.

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There are currently twenty-three analysts that cover ATHN stock. Of those twenty-three, twelve have a Buy rating, ten have a Hold rating and one has a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $148.72.

A recent analyst activity consisted of RW Baird who initiated their coverage on the stock with Outperform rating on March 19. RW Baird fixed their price target at $165. This corresponds to a 41.51% upside from the last closing price. On the date of report, the stock closed at $126.81.

Compass Point upgraded their Market Perform rating to Outperform on February 4, and increased their price target on ATHN stock from $134 to $172. This corresponds to a 47.51% upside from the last closing price. On the date of report, the stock closed at $142.1.

Company profile

athenahealth Inc. provides Internet-based business services for physician practices. The Company’s services include a revenue cycle management service that automates and manages billing-related functions for physician practices and includes a practice management platform.

athenahealth Inc (NASDAQ:ATHN) near 52-week low, short interest ramping up was last modified: May 31st, 2015 by Donna Crepeau