Why American Oncology Network Inc’s (AONC) Stock Is Down 4.07%

By Jenna Brashear
March 25, 2024
Featured Tickers:
AONC

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate American Oncology Network Inc before investing.

In this article, we go over a few key elements for understanding American Oncology Network Inc’s stock price such as:

  • American Oncology Network Inc’s current stock price and volume
  • Why American Oncology Network Inc’s stock price changed recently
  • Upgrades and downgrades for AONC from analysts
  • AONC’s stock price momentum as measured by its relative strength

About American Oncology Network Inc (AONC)

Before we jump into American Oncology Network Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

American Oncology Network, Inc. is a network of community-based oncology practices. The Company is an alliance of physicians and seasoned healthcare leaders who provide comprehensive oncology services. The Company has 75 clinics serving over 450,000 patients nationwide. Its practices have access to fully integrated ancillary services, such as a specialty pharmacy, lab and pathology, radiation therapy, and imaging. The Company has a network of approximately109 physicians and 86 nurse practitioners and physician assistants practicing across 19 states. The Company also provides expertise in drug procurement and payor contracting, along with practice diversification through centralized laboratory and pathology services, as well as specialty pharmacy services.

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American Oncology Network Inc’s Stock Price as of Market Close

As of March 25, 2024, 4:00 PM, CST, American Oncology Network Inc’s stock price was $5.90.

American Oncology Network Inc is down 4.07% from its previous closing price of $6.15.

During the last market session, American Oncology Network Inc’s stock traded between $5.76 and $6.15. Currently, there are 9.53 million shares of American Oncology Network Inc stock available for purchase.

Unfortunately, American Oncology Network Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

American Oncology Network Inc Stock Price History

American Oncology Network Inc’s (AONC) price is currently down 1.17% so far this month.

During the month of March, American Oncology Network Inc’s stock price has reached a high of $6.30 and a low of $5.33.

Over the last year, American Oncology Network Inc has hit prices as high as $39.60 and as low as $4.78. Year to date, American Oncology Network Inc’s stock is down 41.26%.

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What Caused American Oncology Network Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 22, 2024, there were analysts who downgraded American Oncology Network Inc’s stock and analysts who upgraded over the last month.

Additionally, you'll want to evaluate American Oncology Network Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on American Oncology Network Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about American Oncology Network Inc (AONC) by visiting AAII Stock Evaluator.

Relative Price Strength of American Oncology Network Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 22, 2024, American Oncology Network Inc has a weighted four-quarter relative price strength of -3.33%, which translates to a Momentum Score of 60 and is considered to be Average.

Want to learn more about how American Oncology Network Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

American Oncology Network Inc Stock Price: Bottom Line

As of March 25, 2024, American Oncology Network Inc’s stock price is $5.90, which is down 4.07% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like American Oncology Network Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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