Published on 6 Aug 2022 on Simply Wall St. via Yahoo Finance
AlerisLife (NASDAQ:ALR) adds US$18m to market cap in the past 7 days, though investors from five...
AlerisLife Inc. (NASDAQ:ALR) shareholders will doubtless be very grateful to see the share price up 55% in the last month. But will that heal all the wounds inflicted over 5 years of declines? Unlikely. In fact, the share price has tumbled down a mountain to land 89% lower after that period. While the recent increase might be a green shoot, we're certainly hesitant to rejoice. The fundamental business performance will ultimately determine if the turnaround can be sustained. We really hope anyone holding through that price crash has a diversified portfolio. Even when you lose money, you don't have to lose the lesson.
On a more encouraging note the company has added US$18m to its market cap in just the last 7 days, so let's see if we can determine what's driven the five-year loss for shareholders.
Check out our latest analysis for AlerisLife