Healthequity Inc (NASDAQ:HQY) shares, rose in value on Friday, March 07, with the stock price down by -0.68% to the previous day’s close as strong demand from buyers drove the stock to $100.58.
Actively observing the price movement in the last trading, the stock closed the session at $101.27. The PE ratio was 91.75 over 12-month period. Referring to stock’s 52-week performance, its high was $115.59, and the low was $65.01. On the whole, HQY has fluctuated by -10.17% over the past month.
With the market capitalization of Healthequity Inc currently standing at about $8.72 billion, 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 1.19B, with a low estimate of 300.12M and a high estimate of 312.04M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 305.82M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HQY’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.51, with the price of HQY currently trading nearly -7.61% and -4.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.34, while the 7-day volatility ratio is showing 4.10% which for the 30-day chart, stands at 3.20%. Furthermore, Healthequity Inc (HQY)’s beta value is 0.42, and its average true range (ATR) is 3.63.
A comparison of Healthequity Inc (HQY) with its peers suggests the former has fared considerably weaker in the market. HQY showed an intraday change of -0.68% in last session, and over the past year, it grew by 24.10%%.
Data on historical trading for Healthequity Inc (NASDAQ:HQY) indicates that the trading volumes over the past 3 months, they’ve averaged 783.33K. According to company’s latest data on outstanding shares, there are 86.82 million shares outstanding.
Nearly 2.45% of Healthequity Inc’s shares belong to company insiders and institutional investors own 104.95% of the company’s shares. The stock has risen by 4.83% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HQY stock heading into the next quarter.
