Finance

Which Stock will give you a Nice Return? Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX)

Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX), ended its previous trading session at $11.27 showing a gain of 0.16 or 1.44 percent with respect to the price of $11.11 when stock market opened. The company traded 2.32 Million shares over the course of the trading day. Giving the average volume of 1.68 Million over the course of 3 consecutive months. Which signifies a pretty good change over the time with its shares outstanding of 166.52 Million.

Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) is currently trading lower than its price target which is set to $12 by the analyst. The stock is -9.11% Below its 1-Year High which is $12.40. MDRX has a difference of 31.97% from its 1 year low which stands at $8.54. The company is currently rated by analyst who are keeping a close eye on the stock as 2.4. Where 1 means Buy, 2.5 meaning Hold and 5 as Sell.

Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) Performance Snapshot

Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) Price Insight

The stock needs to grow about $0.73 to reach its price target. In order to seek the stock’s directional movements, 20-Days, 50 Days and 200-Days moving averages are 2.7%, 7.38% and 7.53 percent respectively. The stock trades about 13.16 percent of its Float giving its total shares Outstanding are 166.52 Million. MDRX gained about 9.63 percent in 6 months showing its Average True Range of 0.36. The company currently has a RSI and Beta of 56.97 and 1.39.

While talking about Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) valuation ratios, the stock trades with a P/S and P/B of 1.07 and 1.43 which is significantly better and attractive as compared to its peers.