Bright Health Group Inc. (NYSE:BHG) went down by -6.81% from its latest closing price compared to the recent 1-year high of $17.93. The company’s stock price has collected -20.21% of loss in the last five trading sessions. Press Release reported 9 hours ago that University of Florida Health is Now Participating in The Bright HealthCare Medicare and Individual Family Plans Networks
Is It Worth Investing in Bright Health Group Inc. (NYSE :BHG) Right Now?
Opinions of the stock are interesting as 5 analysts out of 10 who provided ratings for Bright Health Group Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $8.30, which is $4.47 above the current price. BHG currently public float of 598.21M and currently shorts hold a 1.18% ratio of that float. Today, the average trading volume of BHG was 1.96M shares.
BHG’s Market Performance
BHG stocks went down by -20.21% for the week, with a monthly drop of -57.77% and a quarterly performance of -62.49%. The volatility ratio for the week stands at 11.32% while the volatility levels for the past 30 days are set at 8.52% for Bright Health Group Inc.. The simple moving average for the period of the last 20 days is -42.38% for BHG stocks with a simple moving average of -61.65% for the last 200 days.
Analysts’ Opinion of BHG
Many brokerage firms have already submitted their reports for BHG stocks, with Morgan Stanley repeating the rating for BHG by listing it as a “Equal-Weight.” The predicted price for BHG in the upcoming period, according to Morgan Stanley is $5 based on the research report published on November 12th of the current year 2021.
Cowen, on the other hand, stated in their research note that they expect to see BHG reach a price target of $9, previously predicting the price at $14. The rating they have provided for BHG stocks is “Market Perform” according to the report published on November 02nd, 2021.
BHG Trading at -50.63% from the 50-Day Moving Average
After a stumble in the market that brought BHG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -78.64% of loss for the given period.
Volatility was left at 8.52%, however, over the last 30 days, the volatility rate increased by 11.32%, as shares sank -59.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -61.93% lower at present.
During the last 5 trading sessions, BHG fell by -20.21%, in comparison to the 20-day moving average, which settled at $6.37. In addition, Bright Health Group Inc. saw -76.98% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at BHG starting from Kadre Manuel, who purchase 50,000 shares at the price of $9.60 back on Sep 08. After this action, Kadre Manuel now owns 50,000 shares of Bright Health Group Inc., valued at $480,000 using the latest closing price.
Kadre Manuel, the Director of Bright Health Group Inc., purchase 50,000 shares at $9.58 during a trade that took place back on Sep 08, which means that Kadre Manuel is holding 130,000 shares at $479,000 based on the most recent closing price.