Concord Medical Services Stock Today
| CCM Stock | USD 0.50 0.05 9.09% |
Performance0 of 100
| Odds Of DistressOver 59
|
Concord Medical is selling at 0.5 as of the 23rd of April 2024; that is -9.09 percent down since the beginning of the trading day. The stock's lowest day price was 0.5. Concord Medical has over 59 % chance of experiencing financial distress in the next 2 years of operation and has generated negative returns for investors over the last 90 days. Equity ratings for Concord Medical Services are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of July 2022 and ending today, the 23rd of April 2024. Click here to learn more.
Concord Medical Services Holdings Limited, together its subsidiaries, operates a network of radiotherapy and diagnostic imaging centers in the Peoples Republic of China. Concord Medical Services Holdings Limited was founded in 1997 and is headquartered in Beijing, the Peoples Republic of China. The company has 43.42 M outstanding shares of which 14.54 K shares are currently shorted by investors with about 0.64 days to cover. More on Concord Medical Services
Moving against Concord Stock
| 0.75 | RCM | R1 RCM Inc Sell-off Trend | PairCorr |
| 0.64 | EVH | Evolent Health Financial Report 1st of May 2024 | PairCorr |
| 0.63 | WGS | GeneDx Holdings Corp Earnings Call This Week | PairCorr |
| 0.6 | FORA | Forian Inc Financial Report 10th of May 2024 | PairCorr |
| 0.47 | VMD | Viemed Healthcare | PairCorr |
| 0.43 | HQY | HealthEquity Financial Report 3rd of June 2024 | PairCorr |
Follow Valuation Odds of Bankruptcy
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Concord Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Concord Medical's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Concord Medical or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Jianyu Yang |
| Thematic Idea | Healthcare (View all Themes) |
| Old Names | [Crescent Cotton Mills Limited, Can Tho Mineral and Cement JSC] |
| Business Concentration | Health Care Providers & Services, Health Care Equipment & Services, Health Care, NYSE Composite, Karachi All Share, Healthcare, Health Care, Health Care Providers & Services, Medical Care Facilities, Healthcare (View all Sectors) |
| Financial Strength Based on the analysis of Concord Medical's profitability, liquidity, and operating efficiency, Concord Medical Services is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Concord Medical Services is based on its profitability, leverage, liquidity, source of funds, and operating efficiency. | |
Concord Medical Services (CCM) is traded on New York Stock Exchange in USA. It is located in Tower A, Global Trade Center, Beijing, China, 100013 and employs 23 people. Concord Medical is listed under Health Care Providers & Services category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a total capitalization of 23.88 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Concord Medical's market, we take the total number of its shares issued and multiply it by Concord Medical's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Concord Medical Services runs under Health Care Providers & Services sector within Health Care industry. The entity has 43.42 M outstanding shares of which 14.54 K shares are currently shorted by investors with about 0.64 days to cover.
Concord Medical Services has about 157.39 M in cash with (216.69 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.72, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Concord Medical Probability Of Bankruptcy
Ownership AllocationConcord Medical Services retains a total of 43.42 Million outstanding shares. Concord Medical Services shows 17.99 percent of its outstanding shares held by insiders and 0.1 percent owned by other corporate entities. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Concord Ownership Details
Concord Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Concord Medical jumping above the current price in 90 days from now is about 76.83%. The Concord Medical Services probability density function shows the probability of Concord Medical stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Concord Medical Services has a beta of -2.0383 suggesting as returns on its benchmark rise, returns on holding Concord Medical Services are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Concord Medical is expected to outperform its benchmark. Additionally, concord Medical Services has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Concord Medical to move above the current price in 90 days from now is about 76.83 (This Concord Medical Services probability density function shows the probability of Concord Stock to fall within a particular range of prices over 90 days) .
Concord Medical Services Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Concord Medical market risk premium is the additional return an investor will receive from holding Concord Medical long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Concord Medical. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Concord Medical's alpha and beta are two of the key measurements used to evaluate Concord Medical's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (1.81) | |||
| Treynor Ratio | 0.2954 |
Concord Stock Against Markets
Picking the right benchmark for Concord Medical stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Concord Medical stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Concord Medical is critical whether you are bullish or bearish towards Concord Medical Services at a given time. Please also check how Concord Medical's historical prices are related to one of the top price index indicators.
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Concord Medical Corporate Directors
Concord Medical corporate directors refer to members of a Concord Medical board of directors. The board of directors generally takes responsibility for the Concord Medical's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Concord Medical's board members must vote for the resolution. The Concord Medical board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Shangyan Chuang | Director | Profile | |
| Zhang Liping | Independent Director | Profile | |
| Weibo Yin | Independent Director and Member of Audit Committee | Profile | |
| Sui Yan | Director | Profile |
How to buy Concord Stock?
Before investing in Concord Medical, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Concord Medical. To buy Concord Medical stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Concord Medical. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Concord Medical stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Concord Medical Services stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Concord Medical Services stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Concord Medical Services, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Concord Stock please use our How to Invest in Concord Medical guide.
Already Invested in Concord Medical Services?
The danger of trading Concord Medical Services is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Concord Medical is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Concord Medical. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Concord Medical Services is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Concord Medical Services is a strong investment it is important to analyze Concord Medical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Concord Medical's future performance. For an informed investment choice regarding Concord Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Concord Medical Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Concord Medical Services information on this page should be used as a complementary analysis to other Concord Medical's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Concord Stock analysis
When running Concord Medical's price analysis, check to measure Concord Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Concord Medical is operating at the current time. Most of Concord Medical's value examination focuses on studying past and present price action to predict the probability of Concord Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Concord Medical's price. Additionally, you may evaluate how the addition of Concord Medical to your portfolios can decrease your overall portfolio volatility.
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Is Concord Medical's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Concord Medical. If investors know Concord will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Concord Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Concord Medical Services is measured differently than its book value, which is the value of Concord that is recorded on the company's balance sheet. Investors also form their own opinion of Concord Medical's value that differs from its market value or its book value, called intrinsic value, which is Concord Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Concord Medical's market value can be influenced by many factors that don't directly affect Concord Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Concord Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Concord Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Concord Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.