Health Catalyst Inc (NASDAQ:HCAT) shares, rose in value, with the stock price up by 2.86% to the previous day’s close as strong demand from buyers drove the stock to $4.68.
Actively observing the price movement in the recent trading, the stock is buoying the session at $4.55. Referring to stock’s 52-week performance, its high was $9.24, and the low was $3.76. On the whole, HCAT has fluctuated by -16.73% over the past month.
With the market capitalization of Health Catalyst Inc currently standing at about $328.59 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 334.63M, with a low estimate of 78.68M and a high estimate of 79.5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 79.14M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HCAT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of HCAT currently trading nearly -8.89% and -20.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.00, while the 7-day volatility ratio is showing 13.56% which for the 30-day chart, stands at 6.95%. Furthermore, Health Catalyst Inc (HCAT)’s beta value is 1.48, and its average true range (ATR) is 0.36.
A comparison of Health Catalyst Inc (HCAT) with its peers suggests the former has fared considerably weaker in the market. HCAT showed an intraday change of 2.86% in today’s session so far, and over the past year, it shrunk by -43.27%%.
Data on historical trading for Health Catalyst Inc (NASDAQ:HCAT) indicates that the trading volumes over the past 3 months, they’ve averaged 773.23K. According to company’s latest data on outstanding shares, there are 70.21 million shares outstanding.
Nearly 5.54% of Health Catalyst Inc’s shares belong to company insiders and institutional investors own 77.21% of the company’s shares. The stock has fallen by -33.80% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HCAT stock heading into the next quarter.
