Earnings QualityThe stock's weakness was driven by concerns over the quality of Q3:24 earnings, the year-over-year decline in free cash flow and net leverage levels.
Financial PerformanceDisappointment at FCF and EPS downgrade contributes to recent underperformance.
Regulatory ConcernsInvestors are discounting SGRY's multiple due to recent regulatory, political, and free cash flow generation concerns.