Quick Win by the Algorithm: BIOS Benefits From Agreement with UnitedHealthcare

Quick Win by the Algorithm:

On May 26th, 2017, the I Know First algorithm issued a bullish forecast for BioScrip, Inc. (NASDAQ:BIOS). BIOS had a signal of 27.23 and a predictability of 0.32. As a result, in accordance with the forecast, the company’s stock had a return of 32.78% within 14 days, showing a quick win by the algorithm.

quick win

BioScrip is the largest independent national provider of infusion and home care management solutions. The company is lead Dan Greenleaf, who has over twenty years of relevant experience working as an executive in the healthcare industry. The company prides itself on providing comprehensive, cost-effective pharmaceutical and home care solutions. BioScrip has been able to accomplish this by working closely with patients, physicians, healthcare payers, government agencies, and pharmaceutical manufacturers.

quick win

BioScrip last released an earnings report on May 4th.  Since then, the stock has increased from $1.67 per share to $2.43 per share. BioScrip has a simplified business process that focuses on core Infusion services. The company offers anti-infective therapy, cardiac care, nutrition support, immunoglobulin therapy, hemophilia care, and respiratory care.

There are plenty of reasons to be excited about the future of the stock. During the first quarter: gross profit, gross margin, and adjusted operating income all increased. Just as importantly, adjusted operating expenses fell by 14.2 percent in the quarter.  Recently, the company announced that an agreement with UnitedHealthcare has been reach. As part of the agreement, BioScrip will continue to provide certain core product lines to UnitedHealthcare beyond September 30, 2017. The company will retain nearly $35 million of annualized profitable core revenue because of this agreement.

Current I Know First subscribers received this bullish forecast on BIOS on May 26, 2017. 

Before making any trading decisions, consult the latest forecast as the algorithm updates predictions daily. You can use the algorithm for intra-day trading. The predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.