Drilling Down Into PRA Health Sciences, Inc. (PRAH)

PRA Health Sciences, Inc. (NASDAQ:PRAH) is an interesting player in the Healthcare space, with a focus on Medical Laboratories & Research. The stock has been active on the tape, currently trading at $57.18, up from yesterday’s close by 0.92%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

It’s important to get a feel for how any stock is actually valued on the market based on its core numbers. PRA Health Sciences, Inc. (PRAH) currently trades with a market capitalization of $3.51B. That value represents a market adjusting for revenues that have been growing by 15.90% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For PRAH, the company currently has $130.34M of cash on the books, which is offset by $884.06M current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $169.45M over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of 0.64 on a per share basis this quarter. Perhaps, that suggests something about why 102.20% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, PRA Health Sciences, Inc. recorded a 52-week high of 60.96. It is now trading 4.3 off that level. The stock is trading 54.94 its 50-day moving average by -1.72. The stock carved out a 52-week low down at 35.60.

In recent action, PRA Health Sciences, Inc. (PRAH) has made a move of +3.21% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 12.37, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 38.69M with 4.54% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of PRAH.

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