The trading price of Bright Health Group Inc. (NYSE:BHG) closed lower on Tuesday, July 20, closing at $12.05, -3.98% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $11.64 and $12.77. In examining the 52-week price action we see that the stock hit a 52-week high of $17.93 and a 52-week low of $12.34.
Bright Health Group Inc., whose market valuation is $8.03 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Bright Health Group Inc. No upward and no downward comments were posted in the last 7 days.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned BHG a recommendation rating is 10. Out of them, 4 rate it a Hold, while 6 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Bright Health Group Inc. (BHG) as Underweight, while 0 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that BHG’s price is currently -25.40% off the SMA20 and -25.40% off the SMA50. The weekly volatility stands at 8.45%. Bright Health Group Inc. (NYSE:BHG)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.87. With analysts defining $16.00-$36.00 as the low and high price targets, we arrive at a consensus price target of $22.50 for the trailing 12-month period. The current price is about -32.78% off the estimated low and -198.76% off the forecast high, based on this estimate. Investors will be thrilled if BHG’s share price rises to $22.00, which is the median consensus price. At that level, BHG’s share price would be -82.57% below current price.
To see how Bright Health Group Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: BHG stock’s performance was -3.98% in the latest trading. Bright Health Group Inc. has a P/E ratio of 0. Also in last trading session, the S&P 500 Index has surged 1.52%, while the Dow Jones Industrial also saw a positive session, up 1.62% on the day.
An evaluation of the daily trading volume of Bright Health Group Inc. (NYSE:BHG) indicates that the 3-month average is 2.14 million.
Currently, records show that 666.39 million of the company’s shares remain outstanding. The insiders hold 1.20% of outstanding shares, whereas institutions hold 55.20%. However, since the stock’s price has seen -27.58% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.