Last Updated: 12 Nov 2024
Executive Summary
American Oncology Network Inc. (AONC) is a provider of oncology services in the United States. The company has a market capitalization of $44.3 million and trades on the NASDAQ exchange. AONC reported a net loss of $31.4 million for the fiscal year ended December 2023. The company's revenue grew by 0.38% year-over-year to $1.46 billion. AONC's stock price is currently trading at $3.05, which is below its 52-week high of $9.24.
Company Overview
AONC is headquartered in Fort Myers, Florida. The company provides a range of oncology services, including medical oncology, radiation oncology, and surgical oncology. AONC has a network of over 100 cancer care centers in 30 states. The company's target market is patients with cancer who are seeking high-quality, affordable care.
Fundamental Analysis
AONC's financial performance has been mixed in recent years. The company has reported net losses in each of the past three fiscal years. However, AONC's revenue has grown steadily over the same period. The company's gross profit margin has also improved in recent quarters.
AONC's balance sheet is relatively weak. The company has a high level of debt and its equity is negative. AONC's cash flow from operations has also been negative in recent years.
Technical Analysis
AONC's stock price has been in a downtrend since early 2023. The stock price is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is also below 50, which indicates that the stock is oversold.
Short Term Outlook
AONC's stock price is likely to continue to trade in a downtrend in the short term. The company's financial performance is weak and its balance sheet is relatively weak. The technical indicators also suggest that the stock is oversold.
Long Term Outlook
AONC's long-term outlook is uncertain. The company's financial performance has been mixed in recent years and its balance sheet is relatively weak. However, AONC has a strong market position and its target market is large and growing. If AONC can improve its financial performance, the stock price could rebound in the long term.
Analyst Recommendations
Analysts have a mixed view on AONC. Some analysts believe that the stock is undervalued and has potential for growth. Other analysts believe that the stock is overvalued and is a risky investment.
