GoodRx Holdings Inc (NASDAQ:GDRX) price on Wednesday, December 04, rose 3.05% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.07.
A look at the stock’s price movement, the close in the last trading session was $4.92, moving within a range at $4.83 and $5.09. The beta value (5-Year monthly) was 1.393. Turning to its 52-week performance, $9.26 and $4.09 were the 52-week high and 52-week low respectively. Overall, GDRX moved -13.63% over the past month.
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GoodRx Holdings Inc’s market cap currently stands at around $1.93 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 199.73M for the company’s revenue for the quarter, with a low and high estimate of 199.09M and 200.2M respectively. The average forecast suggests up to a 1.57% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 793.54M, representing a 4.38% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GDRX is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
16 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 7 analyst(s) rate the stock as a Hold, 9 recommend GDRX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GDRX’s current price about 6.40% and -14.17% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.98, while 7-day volatility ratio is 3.87% and 6.32% in the 30-day chart. Further, GoodRx Holdings Inc (GDRX) has a beta value of 1.29, and an average true range (ATR) of 0.26. Analysts have given the company’s stock an average 52-week price target of $9.5, forecast between a low of $9.5 and high of $9.5. Looking at the price targets, the low is -87.38% off current price level while to achieve the yearly target high, price needs to move -87.38%. Nonetheless, investors will most likely welcome a -87.38% jump to $9.5 which is the analysts’ median price.
If we refocus on GoodRx Holdings Inc (NASDAQ:GDRX), historical trading data shows that trading volumes averaged 1.41 over the past 10 days and 1.31 million over the past 3 months. The company’s latest data on shares outstanding shows there are 103.93 million shares.
The 77.49% of GoodRx Holdings Inc’s shares are in the hands of company insiders while institutional holders own 18.01% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.48 million on 2024-11-15, giving us a short ratio of 4.74. The data shows that as of 2024-11-15 short interest in GoodRx Holdings Inc (GDRX) stood at 801.0 of shares outstanding, with shares short falling to 8.96 million registered in 2024-10-15. Current price change has pushed the stock -24.33% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GDRX stock continues to rise going into the next quarter.
