CA - WELL Health Technologies: Impressive Results But Market Multiples Elevated
2024-05-09 20:46:28 ET
Summary
- WELL Health Technology stock rose by 10.6% in response to Q1 2024 results, the biggest single-day rise in the past year. But it's doubtful if the rise can continue.
- The results were good with strong revenue growth and a reported net income for the second consecutive quarter. The outlook for both revenue and earnings is positive too.
- However, the stock's forward P/Es indicate that at the very least, there's limited upside and correction could be due too.
Canadian healthcare company WELL Health Technology ( WELL:CA ) ( OTCMKTS:WHTCF ) responded rather well to the release of its first quarter (Q1 2024) results yesterday. The stock rose by 10.6%, marking the biggest single-day rise in the past year....
WELL Health Technologies: Impressive Results But Market Multiples Elevated