Why AdaptHealth (AHCO) Stock Is Trading Up Today
What Happened?
Shares of healthcare services provider AdaptHealth Corp. (NASDAQ:AHCO) jumped 28% in the morning session after the company reported strong fourth-quarter 2024 results with revenue surpassing forecasts and driving EPS well above Wall Street estimates. While full-year revenue guidance came in slightly below expectations, full-year EBITDA guidance exceeded projections. Overall, this quarter had some key positives.
The shares closed the day at $10.64, up 24.4% from previous close.
Is now the time to buy AdaptHealth?
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What The Market Is Telling Us
AdaptHealth’s shares are very volatile and have had 23 moves greater than 5% over the last year. But moves this big are rare even for AdaptHealth and indicate this news significantly impacted the market’s perception of the business.
AdaptHealth is up 9.6% since the beginning of the year, and at $10.63 per share, it is trading close to its 52-week high of $11.60 from June 2024. Investors who bought $1,000 worth of AdaptHealth’s shares 5 years ago would now be looking at an investment worth $667.57.
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