Goosehead Insurance Inc (NASDAQ:GSHD) concluded the trading at $106.19 on current market day with a fall of -1.39% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $107.69 and 5Y monthly beta was reading 1.324 with its price kept floating in the range of $105.5 and $110.081 on the day. Company’s P/E ratio for the trailing 12 months is 146.01. Considering stock’s 52-week price range provides that GSHD hit a high price of $130.39 and saw its price falling to a low level of $50.47 during that period. Over a period of past 1-month, stock came subtracting -11.82% in its value.
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In contrast, when we review GSHD stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 100% Buy for it.
According to ratings assigned by 6 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 0 of them are recommending Goosehead Insurance Inc (GSHD) as a Hold, while 6 are in view that stock is a Buy. Recommendation by 0 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 0, whereas 0 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the GSHD stock which is currently positioned at 4.73. It further provides that stock’s current price level is -11.31% away from its 20-day simple moving average and is -5.87% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 29.24 while volatility remained at 4.43% over the past week which changes to 3.60% when measuring it over the past month. Beta is valued at 1.42, while measure of average true range or ATR is currently at 4.21. In predicting price targets of as low as $109 and as high as $132, analysts are in agreement on assigning the stock over the next 12 months average price target of $120.5. Stock’s current price level is -2.65% above from estimated low price target while it is -24.31% below the estimated high; and even if the GSHD’s share succeeded to reach the median price of $120.5, then the outlook of -13.48% could come to the excitement of the investors.
Having a second look at Goosehead Insurance Inc (NASDAQ:GSHD) provides that stock’s average daily trading volume for 3 months was 252.05K, while it jumped to 207280 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 24.37 million.
The percentage of outstanding shares held by the insiders is 3.47% while it is 108.83% for the institutional holders. The figures also indicate that as of 2024-11-29, number of stock’s short shares was 3.27 million which implies a short ratio of 13.89. This shows down a 1876.00 of Short Interest in company’s outstanding shares on the day. In November the standing of shares short improved as it was 3.7 million in the previous month. Addition of 40.09% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
