The trading price of Health Catalyst Inc (NASDAQ:HCAT) closed lower on Monday, March 03, and closing at $4.60, -1.50% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $9.24 and a 52-week low of $3.76. Over the past month, the stock has lost -16.67% in value.
Health Catalyst Inc, whose market valuation is $322.97 million at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.0 per share this quarter, however they have predicted annual earnings per share of 0.27 for current year and 0.42 for next year.
Analysts have forecast the company to bring in revenue of 79.23M for the current quarter, with the likely lows of 78.68M and highs of 80.4M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 334.62M.
On the technical side, indicators suggest HCAT has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
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 HCAT a recommendation rating is 11. Out of them, 3 rate it a Hold, while 8 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Health Catalyst Inc (HCAT) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that HCAT’s price is currently -13.17% off the SMA20 and -23.50% off the SMA50. The RSI metric on the 14-day chart is currently showing 32.11, and weekly volatility stands at 12.98%. When measured over the past 30 days, the indicator reaches 6.74%. Health Catalyst Inc (NASDAQ:HCAT)’s beta value is currently sitting at 1.41, while the Average True Range indicator is currently displaying 0.38. With analysts defining $7-$7 as the low and high price targets, we arrive at a consensus price target of $7 for the trailing 12-month period. The current price is about -52.17% off the estimated low and -52.17% off the forecast high, based on this estimate. Investors will be thrilled if HCAT’s share price rises to $7, which is the median consensus price. At that level, HCAT’s share price would be -52.17% below current price.
To see how Health Catalyst Inc stock has been performing in comparison to its peers in the industry, here are the numbers: HCAT stock’s performance was -1.50% in the latest trading, and -43.63% in the past year, while Salesforce Inc. (CRM) has traded -1.61%% on the day and positioned -6.86% lower than it was a year ago. Another comparable company International Business Machines Corp. (IBM) saw its stock close -0.89%% lower in the most recent trading session but was up 29.59% in a year.
An evaluation of the daily trading volume of Health Catalyst Inc (NASDAQ:HCAT) indicates that the 3-month average is 746.31K.
Currently, records show that 64.04 million of the company’s shares remain outstanding. The insiders hold 5.54% of outstanding shares, whereas institutions hold 89.09%. However, since the stock’s price has seen -34.94% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
