11 Oversold NASDAQ Stocks to Buy Right Now

6. Acadia Healthcare Company, Inc. (NASDAQ:ACHC)

Perf YTD: -44.06%

Analyst Upside: 80.34%

Number of Hedge Fund Holders: 46

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) provides behavioral healthcare services across the US in various settings, including inpatient psychiatric hospitals, residential treatment centers, specialty treatment facilities, and outpatient clinics.

Guggenheim analyst Jason Cassorla initiated coverage of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) with a Buy rating and $36 price target on April 9, reasoning that investors are looking for value in the managed care, hospitals, and behavioral health sector, or stocks with compelling stories “outside the noise.”

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) has positive operations, as it reported a revenue of $774.2 million in fiscal Q4 2024, up 4.2% over fiscal Q4 2023. Same facility revenue also rose 4.7% compared to the same quarter last year, including a 1.4% growth in revenue per patient day and a 3.2% rise in patient days. The company also added 577 newly licensed beds in the quarter, which included 344 licensed beds from newly constructed facilities and 233 beds from existing facilities. Acadia Healthcare Company, Inc. (NASDAQ:ACHC) is continually expanding its operations, completing construction on around 1,100 beds in fiscal Q4 2024 and bringing the full-year count to around 1,300 newly constructed beds.