With one Day To Next Earnings Report, Streamline Health Solutions Inc. (Nasdaq:STRM) Close At $1.76

STRM
STRM

Streamline Health Solutions Inc. (Nasdaq:STRM)

June 13th, 2019

Amidst rising markets Streamline Health Solutions Inc. rose $0.35 Thursday which equals a 24.82% increase, closing at $1.76. Streamline Health Solutions Inc. is expected to release a new earnings report tomorrow. Furthermore it hit a new 52 week high of $1.81. Streamline Health Solutions Inc. swung 35.07% between high and low. The stock continues to trade well at 208.77% of its 52 week low of $0.57. In addition to finishing higher, trading volumes were solid at 528.00% of normal which can indicate investors see opportunities. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be -1.90.

STRM outperformed the rest of the Healthcare sector which went down -0.11% today.

Expectations from 1 analyst indicates that Streamline Health Solutions Inc. might increase significantly (29.87%), while Finbox has calculated (with very high uncertainty) a fair value price of $1.50.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending up. Energy saw the biggest increase of the day (1.25%), while the Healthcare sector saw the biggest drop (-0.11%). Information Technology has seen the biggest year-to-date gain of 23.06%.

Utilities saw the biggest turn-around compared to its 5-day performance (-0.31%), as it went up by 0.15%. Healthcare saw a turn-around from its 5-day performance of 2.18% trading down -0.11%.

Sector Breakdown

  • Energy, up 1.25%.
  • Communication Services, up 1.14%.
  • Consumer Discretionary, up 0.90%.
  • Materials, up 0.58%.
  • Industrials, up 0.54%.
  • Financials, up 0.23%.
  • Information Technology, up 0.22%.
  • Utilities, up 0.15%.
  • Consumer Staples, up 0.11%.
  • Real Estate, up 0.09%.
  • Healthcare, down -0.11%.

Streamline Health Solutions Inc. Info

Streamline Health Solutions, Inc. provides health information technology solutions and services for hospitals and health systems in the United States and Canada. It provides software-based solutions and auditing services, which captures, aggregates, and translates structured and unstructured data to deliver predictive insights to its clients. The company offers health information management, coding, and clinical documentation improvement (CDI) solutions, which include cloud-based software solutions, such as content management, release of information, computer-assisted coding, CDI, abstracting, and physician query; and eValuator, a cloud-based software as a service coding analysis platform. It also provides financial management solutions, including accounts receivable management, denials management, claims processing, spend management, and audit management; patient care solutions that enable healthcare providers to enhance their patient care; and custom integration, training, electronic image conversion, audit, and database monitoring services. The company sells its solutions and services through direct sales force and reseller partnerships. Streamline Health Solutions, Inc. was founded in 1989 and is based in Atlanta, Georgia.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Streamline Health Solutions Inc.’s score is -1.90) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

STRM daily update
STRM daily update

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