GoodRx Holdings Inc (NASDAQ:GDRX) price closed higher on current market day and jumping 10.46% above its previous close.
A look at the daily price movement shows that the last close reads $4.11. The company’s P/E ratio in the trailing 12-month period read 61.10. Taking into account the 52-week price action we note that the stock hit a 52-week high of $9.26 and 52-week low of $3.67. The stock added 5.09% on its value in the past month.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 16 analysts have assigned GDRX a recommendation rating as follows: 7 rate it as a Hold; 9 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the GoodRx Holdings Inc (GDRX) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 4.17. The overview shows that GDRX’s price is at present 13.67% off the SMA20 and 6.60% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 62.63, with weekly volatility standing at 5.73%. The indicator jumps to 3.56% when calculated based on the past 30 days. GoodRx Holdings Inc (NASDAQ:GDRX)’s beta value is holding at 1.17, while the average true range (ATR) indicator is currently reading 0.22. Considering analysts have assigned the stock a price target range of $3-$45 as the low and high respectively, we find the trailing 12-month average consensus price target to be $10. Based on this estimate, we see that current price is roughly 33.92% off the estimated low and -891.19% off the forecast high. Investors will no doubt be excited to see the share price fall to $10, which is the median consensus price, and at that level GDRX would be -120.26% from current price.
Current records show that the company has 103.94M in outstanding shares. The insiders’ percentage holdings are 76.71% of outstanding shares while the percentage share held by institutions stands at 16.03%. But the -2.37% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
