Change Healthcare Inc. (NASDAQ:CHNG) went up by 2.85% from its latest closing price when compared to the 1-year high value of $17.57 and move down -49.79%, while CHNG stocks collected -2.54% of loss with the last five trading sessions. Press Release reported on 06/18/20 that Change Healthcare Names Bansi Nagji to Board of Directors
Change Healthcare Inc. (NASDAQ:CHNG) Worth an Investment?
Change Healthcare Inc. (NASDAQ: CHNG) scored price to earnings ratio above its average ratio, recording 34.79 times of increase in earnings at the present.
CHNG Market Performance
CHNG stocks went down by -2.54% for the week, with the monthly drop of -6.57% and a quarterly performance of 20.01%. The simple moving average for the period of the last 20 days is -2.22% for CHNG stocks with the simple moving average of -9.11% for the last 200 days.
Analysts’ Opinion on Change Healthcare Inc. (NASDAQ:CHNG)
Many brokerage firms have already submitted their reports for CHNG stocks, with SVB Leerink repeating the rating for CHNG shares by setting it to “Outperform”. The predicted price for CHNG socks in the upcoming period according to SVB Leerink is $16 based on the research report published on April 13, 2020.
Raymond James, on the other hand, stated in their research note that they expect to see CHNG stock at the price of $20. The rating they have provided for CHNG stocks is “Strong Buy” according to the report published on March 18, 2020.
Wells Fargo gave “ Overweight” rating to CHNG stocks, setting the target price at $19 in the report published on March 10, 2020.
CHNG Stocks 2.21% Far from 50 Day Moving Average
After a stumble in the market that brought CHNG to its low price for the period of the last 52 weeks, Change Healthcare Inc. was unable to take a rebound, for now settling with -33.27% of loss for the given period.
The stock volatility was left at 5.09%, however, within the period of a single month, the volatility rate increased by 5.15%, while the shares sank at the distance of -5.21% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +16.78% upper at the present time.
In the course of the last 5 trading sessions, CHNG went down by -2.54%, which changed the moving average for the period of 200 days to the total of +1.96% of gains for the stock in comparison to the 20-day moving average settled at $11.96. In addition, Change Healthcare Inc. saw -28.46% in overturn over the period of a single year with a tendency to cut further losses.
CHNG Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at Change Healthcare Inc. (CHNG), starting from Eliasson Fredrik J, who bought 100,000 shares at the price of $12.00 back on Jun 10. After this action, Rushing now owns 140,000 shares of Change Healthcare Inc., valued at $1,200,000 with the latest closing price.