Allscripts Healthcare Solutions (MDRX) stock is expected to deviate a maximum of $1.68 from the average target price of $15.42 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $18 and the most muted being $12.
Allscripts Healthcare Solutions (MDRX) has seen a shortfall of 554,829 shares or 2.6% in the short interest. The remaining shorts are 11.4% of the total floated shares. The net short interest, as on June 30,2016, stood at 20,961,497 shares and the stocks days to cover will be 7 by factoring in the average per day volume of 2,835,666 shares. On June 15,2016, 21,516,326 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Brokerage firm Citigroup maintains its rating on Allscripts Healthcare Solutions (NASDAQ:MDRX). As per the latest information, the brokerage house raises the price target to $14 per share from a prior target of $13. The shares have been rated Neutral. The rating by the firm was issued on May 13, 2016.
Allscripts Healthcare Solutions (NASDAQ:MDRX): stock turned positive on Thursday. Though the stock opened at $14.11, the bulls momentum made the stock top out at $14.34 level for the day. The stock recorded a low of $14.02 and closed the trading day at $14.12, in the green by 0.64%. The total traded volume for the day was 3,936,551. The stock had closed at $14.03 in the previous days trading.
Allscripts Healthcare Solutions, Inc. is engaged in engaged in delivering Information Technology (IT) and services. The Company sells its solutions to physicians, hospitals, governments, health systems, health plans, retail clinics, retail pharmacies, pharmacy benefit managers and post-acute organizations, such as home health and hospice agencies. The Company operates through three segments: Clinical and Financial Solutions, Population Health, and Managed Services. The Companys solutions enable healthcare professionals with the data, insights, and connectivity. The Company offers Ambulatory Solutions, Acute Care Solutions, Population Health Management Solutions and services. Ambulatory solutions include Allscripts TouchWorks HER and Allscripts Professional HER, among others. The Companys acute care offers clinical, access, financial, and departmental solutions. The Company designs its population health management solutions for hospitals, health systems, among others.