Bright Health Group Inc. (NYSE:BHG) price closed higher on Monday, September 13, jumping 2.38% above its previous close.
A look at the daily price movement shows that the last close reads $9.65, with intraday deals fluctuated between $9.75 and $10.26. Taking into account the 52-week price action we note that the stock hit a 52-week high of $17.93 and 52-week low of $7.98. The stock added 9.66% on its value in the past month.
Bright Health Group Inc., which has a market valuation of $6.24 billion, is expected to release its quarterly earnings report Aug 03, 2021. Analysts tracking BHG have forecast the quarterly EPS to shrink by -0.15 per share this quarter, while the same analysts predict the annual EPS to hit -$0.71 for the year 2021 and up to -$0.52 for 2022.
On average, analysts have forecast the company’s revenue for the quarter will hit $1.08 billion, with the likely lows of $1.04 billion and highs of $1.14 billion. Staying with the analyst view, there is a consensus estimate of $4.12 billion for the company’s annual revenue in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 1 upward and no downward reviews.
The overview shows that BHG’s price is at present 1.35% off the SMA20 and -14.13% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 46.54, with weekly volatility standing at 5.00%. The indicator jumps to 5.77% when calculated based on the past 30 days. Bright Health Group Inc. (NYSE:BHG)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.60.
An analysis of the Bright Health Group Inc. (NYSE:BHG) stock in terms of its daily trading volume indicates that the 3-month average is 1.81 million.
Current records show that the company has 625.69M in outstanding shares. The insiders’ percentage holdings are 1.20% of outstanding shares while the percentage share held by institutions stands at 69.20%. But the -40.62% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.