The Guardant Health, Inc. (NASDAQ:GH) is going down by -5.84% in today’s trading session, a fall equivalent to -4.71% of the stock’s price from yesterday’s market close. A news came out on 08/06/19 stating that Guardant Health Reports Second Quarter 2019 Financial Results and Raises 2019 Revenue Guidance by WSJ. The lowest point that the shares touched during the trading session was $79.67, while the peak of the day was recorded at a share price of $81.87. GH finished the previous session at $80.71 according to the data provided by Barchart, while the trading volume was observed to be $1,148,419.
In the 100 days of trading, GH managed to top a 85.27% Moving average. Additionally, Guardant Health, Inc. shares have achieved a 52-week range between 27.04 and 112.21 alongside 100 days raw stochastic set at 28.42%.
The number of shares outstanding, according to the fundamentals of the company, is set at 94.22M, equal to the value of $7.60B in market capitalization. In the last 30 days, Guardant Health, Inc. shares went down by -27.93%, adding 105.84 to growth in value, on top of a +2.54% boost since 08/09/19.
Guardant Health, Inc. (NASDAQ:GH) Analyst’s Estimates
Guardant Health, Inc. (GH) could record at least -$0.38 per share in quarterly earnings in the upcoming report on 11/25/2019, a number that would actually represent a decrease of -7.30% YOY.
According to the average analyst rating, Guardant Health, Inc. would be rated as Buy. Out of 6 different analysts monitoring GH stock, 6 analysts rate the stock as a BUY, 0 suggest to give the rating of HOLD, 0 indicate that GH is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On Aug-07-19, the stock earned a Reiterated rating due to a new analyst call from Canaccord Genuity, while analysts from Canaccord Genuity believe that the stock is set at Buy, as concluded on Apr-16-19. BofA/Merrill, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on Apr-10-19.
Regardless of the rating, BofA/Merrill did increase their price from $42 to $60 as they are considering target share price analysis. William Blair, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Oct-29-18, giving the stock a Outperform rating.
GH Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +52.33% has been attained, while the operating margin has been recorded at -102.54%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -18.29%. Additionally, Guardant Health, Inc. is recording price volatility of 3.94% for the period of the last seven days and 5.09% in the last 30 days.
Guardant Health, Inc. (NASDAQ:GH) Technical Outlook
For the period of the last 50 days, Guardant Health, Inc. had its Raw Stochastic average set at 5.00% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 6.01%. Stochastic %K for Guardant Health, Inc., with the last 20 days included, was set at 4.49%, having Stochastic %D topping 4.53%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Guardant Health, Inc. stocks with recording 114.71% in metrics.
Guardant Health, Inc. Insider Watch:
As far as the position of shares issued by Guardant Health, Inc. (NASDAQ:GH) for the period concluded at the market close of 09/10/19, 169 institutional investors increased their positions in GH shares by 18,166,568, 46 decreased positions by 2,348,950 and 19 institutional investors decided to hold positions at 55,673,924. These numbers put the complete list of institutional holdings set at 76,189,442 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 88 institutional investments with 5,488,163 new shares in addition to having 19 institutional investors selling their positions in 1,651,388 shares.