Published on 23 Feb 2024 on Zacks via Yahoo Finance
Apollo Medical Holdings, Inc. (AMEH) Soars 7.6%: Is Further Upside Left in the Stock?
Apollo Medical Holdings, Inc. (AMEH) shares rallied 7.6% in the last trading session to close at $41.70. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 5.6% gain over the past four weeks.
Apollo Medical Holdings, Inc. scored a strong price increase, on investors’ optimism driven by the company’s announcement of officially changing its name to Astrana Health, Inc. The unifying brand reflects the company’s growing national footprint and deep commitment to provide high-quality care to local communities across the country. Alongside the planned corporate name change, the company will begin trading under the new symbol "ASTH", both effective Feb 26, 2024.
This company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of +750%. Revenues are expected to be $346.37 million, up 17.7% from the year-ago quarter.