Concord Medical Services Stock Price History

CCM Stock  USD 0.58  0.08  16.00%   
Below is the normalized historical share price chart for Concord Medical Services extending back to December 11, 2009. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Concord Medical stands at 0.58, as last reported on the 24th of April, with the highest price reaching 0.58 and the lowest price hitting 0.50 during the day.
IPO Date
11th of December 2009
200 Day MA
1.0203
50 Day MA
0.5686
Beta
(0.17)
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Concord Stock, it is important to understand the factors that can impact its price. Concord Medical Services secures Sharpe Ratio (or Efficiency) of -0.0094, which signifies that the company had a -0.0094% return per unit of risk over the last 3 months. Concord Medical Services exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Concord Medical's Risk Adjusted Performance of (0.04), mean deviation of 5.85, and Standard Deviation of 9.17 to double-check the risk estimate we provide.
  
At this time, Concord Medical's Common Stock Shares Outstanding is very stable compared to the past year. As of the 24th of April 2024, Stock Based Compensation is likely to grow to 0.00, though Total Stockholder Equity is likely to grow to (2 B). . As of the 24th of April 2024, Price Earnings To Growth Ratio is likely to grow to 0.02, while Price To Sales Ratio is likely to drop 0.60. Concord Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0094

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Estimated Market Risk

 9.4
  actual daily
83
83% of assets are less volatile

Expected Return

 -0.09
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Concord Medical is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Concord Medical by adding Concord Medical to a well-diversified portfolio.
Price Book
3.0038
Enterprise Value Ebitda
(0.67)
Price Sales
0.0447
Shares Float
42 M
Wall Street Target Price
1.2

Concord Medical Stock Price History Chart

There are several ways to analyze Concord Stock price data. The simplest method is using a basic Concord candlestick price chart, which shows Concord Medical price history and the buying and selling dynamics of a specified period. Many traders also use subjective judgment to their trading calls, avoiding the need to trade based on technical analysis.
Highest PriceFebruary 12, 20240.87
Lowest PriceMarch 14, 20240.4

Concord Medical April 24, 2024 Stock Price Synopsis

Various analyses of Concord Medical's daily price changes, such as its Balance Of Power or Price Action, are crucial when deciding whether to buy, hold, or sell Concord Stock. It can be used to describe the percentage change in the price of Concord Medical from one trading day to the next and could be a valuable metric for traders and investors to gauge the volatility and momentum of Concord Stock.
Concord Medical Price Action Indicator 0.08 
Concord Medical Accumulation Distribution 1,552 
Concord Medical Price Daily Balance Of Power 1.00 
Concord Medical Price Rate Of Daily Change 1.16 

Concord Medical April 24, 2024 Stock Price Analysis

When benchmark price declines in a down market, there may be an uptick in Concord Stock price where buyers come in believing the asset is cheap or selling overdone. The opposite is true when the market is bullish. You can use Concord Medical intraday prices and daily technical indicators to check the level of noise trading in Concord Stock and then apply it to test your longer-term investment strategies against Concord.

Concord Stock Price History Data

The price series of Concord Medical for the period between Thu, Jan 25, 2024 and Wed, Apr 24, 2024 has a statistical range of 0.69 with a coefficient of variation of 27.06. The prices are distributed with arithmetic mean of 0.63. The median price for the last 90 days is 0.63. The company had 11384:1000 stock split on 16th of January 2014. Concord Medical Services issued dividends on 2015-12-23.
OpenHighLowCloseVolume
04/23/2024 0.50  0.58  0.50  0.58  11,252 
04/22/2024 0.50  0.50  0.50  0.50  461.00 
04/19/2024 0.52  0.55  0.50  0.55  991.00 
04/18/2024 0.63  0.63  0.58  0.58  806.00 
04/17/2024 0.63  0.63  0.63  0.63  6.00 
04/16/2024 0.66  0.66  0.63  0.63  4,640 
04/15/2024 0.63  0.63  0.63  0.63  69.00 
04/12/2024 0.66  0.66  0.63  0.63  1,832 
04/11/2024 0.63  0.63  0.63  0.63  474.00 
04/10/2024 0.68  0.75  0.64  0.64  3,518 
04/09/2024 0.62  0.66  0.62  0.64  1,072 
04/08/2024 0.61  0.63  0.61  0.63  1,688 
04/05/2024 0.57  0.62  0.57  0.58  11,510 
04/04/2024 0.57  0.69  0.57  0.62  7,475 
04/03/2024 0.60  0.65  0.58  0.60  24,024 
04/02/2024 0.57  0.62  0.55  0.56  9,898 
04/01/2024 0.54  0.55  0.50  0.52  10,071 
03/28/2024 0.55  0.61  0.55  0.55  11,406 
03/27/2024 0.80  0.80  0.55  0.59  71,037 
03/26/2024 0.41  0.74  0.40  0.61  194,948 
03/25/2024 0.41  0.42  0.41  0.41  28,690 
03/22/2024 0.45  0.47  0.45  0.45  1,174 
03/21/2024 0.40  0.43  0.38  0.43  2,200 
03/20/2024 0.40  0.40  0.40  0.40  147.00 
03/19/2024 0.42  0.44  0.40  0.40  7,636 
03/18/2024 0.48  0.48  0.45  0.45  8,813 
03/15/2024 0.44  0.48  0.44  0.48  1,119 
03/14/2024 0.41  0.41  0.40  0.40  8,885 
03/13/2024 0.41  0.44  0.41  0.44  7,568 
03/12/2024 0.41  0.42  0.41  0.41  4,250 
03/11/2024 0.42  0.43  0.40  0.42  5,811 
03/08/2024 0.44  0.44  0.44  0.44  1,251 
03/07/2024 0.43  0.46  0.43  0.43  4,856 
03/06/2024 0.49  0.51  0.46  0.48  19,870 
03/05/2024 0.43  0.50  0.43  0.47  57,223 
03/04/2024 0.43  0.56  0.43  0.51  32,299 
03/01/2024 0.49  0.55  0.49  0.52  15,742 
02/29/2024 0.66  0.67  0.45  0.49  6,939 
02/28/2024 0.45  0.50  0.45  0.50  7,597 
02/27/2024 0.48  0.49  0.43  0.47  2,817 
02/26/2024 0.45  0.54  0.40  0.46  4,506 
02/23/2024 0.74  0.74  0.49  0.54  4,799 
02/22/2024 0.69  0.69  0.64  0.64  1,572 
02/21/2024 0.78  0.78  0.72  0.73  1,605 
02/20/2024 0.82  0.82  0.78  0.78  861.00 
02/16/2024 0.79  0.79  0.78  0.78  256.00 
02/15/2024 0.80  0.82  0.78  0.82  950.00 
02/14/2024 1.00  1.00  0.86  0.86  5,986 
02/13/2024 0.80  0.85  0.78  0.85  600.00 
02/12/2024 0.87  0.87  0.78  0.87  9,080 
02/09/2024 0.78  0.78  0.78  0.78  204.00 
02/08/2024 0.78  0.78  0.78  0.78  1.00 
02/07/2024 0.78  0.78  0.78  0.78  282.00 
02/06/2024 0.78  0.78  0.78  0.78  553.00 
02/05/2024 0.78  0.78  0.78  0.78  762.00 
02/02/2024 0.78  0.80  0.78  0.78  675.00 
02/01/2024 0.80  0.80  0.80  0.80  1,109 
01/31/2024 0.86  0.86  0.78  0.78  727.00 
01/30/2024 0.77  0.88  0.77  0.78  1,366 
01/29/2024 0.73  0.75  0.69  0.69  2,957 
01/26/2024 0.78  0.78  0.74  0.74  204.00 

About Concord Medical Stock history

Concord Medical investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Concord is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Concord Medical Services will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Concord Medical stock prices may prove useful in developing a viable investing in Concord Medical
Last ReportedProjected for Next Year
Common Stock Shares Outstanding130.3 M136.8 M
Net Loss-440.7 M-418.7 M

Concord Medical Stock Technical Analysis

Concord Medical technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Concord Medical technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Concord Medical trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

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Concord Medical Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Concord Medical's price direction in advance. Along with the technical and fundamental analysis of Concord Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Concord to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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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.
Earnings Share
(0.96)
Revenue Per Share
12.302
Quarterly Revenue Growth
(0.23)
Return On Assets
(0.05)
Return On Equity
(0.28)
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.