10 Battered Stocks on Friday

3. Acadia Healthcare Company Inc. (NASDAQ:ACHC)

Acadia fell for a third consecutive day on Friday to hit an all-time low of $29.79 before gaining momentum towards the trading session to end the day just down 25.53 percent at $29.98 apiece.

Investors continued to sell off following the release of its fourth quarter earnings performance, where net income fell 44 percent to $33.5 million from $59.7 million in the same period a year earlier, while revenues increased by 4.2 percent to $774 million from $742.8 million year-on-year.

ACHC, however, swung to a net income of $264 million last year from a net loss of $15.66 million in 2023, while revenues grew 8.6 percent to $1.69 billion from $1.57 billion.

For this year, ACHC expects revenues to settle between $3.3 billion and $3.4 billion, with adjusted earnings per share ranging from $2.5 to $2.8.