Bright Health Group Inc. (NYSE:BHG) went down by -12.68% from its latest closing price compared to the recent 1-year high of $17.93. The company’s stock price has collected 10.71% of gains in the last five trading sessions. Barron’s reported on 08/13/21 that Former GE CEO Jeff Immelt Bought Up Shares of This Healthcare Firm
Is It Worth Investing in Bright Health Group Inc. (NYSE :BHG) Right Now?
Opinions of the stock are interesting as 1 analysts out of 11 who provided ratings for Bright Health Group Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 7 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $3.08, which is $1.22 above the current price. BHG currently public float of 595.22M and currently shorts hold a 2.84% ratio of that float. Today, the average trading volume of BHG was 5.22M shares.
BHG’s Market Performance
BHG stocks went up by 10.71% for the week, with a monthly jump of 1.64% and a quarterly performance of -47.61%. The volatility ratio for the week stands at 17.05% while the volatility levels for the past 30 days are set at 9.35% for Bright Health Group Inc.. The simple moving average for the period of the last 20 days is -2.11% for BHG stocks with a simple moving average of -64.77% for the last 200 days.
Analysts’ Opinion of BHG
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see BHG reach a price target of $3, previously predicting the price at $9. The rating they have provided for BHG stocks is “Sector Perform” according to the report published on March 04th, 2022.
BHG Trading at -9.08% 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 -89.63% of loss for the given period.
Volatility was left at 9.35%, however, over the last 30 days, the volatility rate increased by 17.05%, as shares surge +2.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.98% lower at present.
During the last 5 trading sessions, BHG rose by +10.71%, which changed the moving average for the period of 200-days by -85.00% in comparison to the 20-day moving average, which settled at $1.90. In addition, Bright Health Group Inc. saw -45.93% 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 100,000 shares at the price of $2.10 back on Mar 04. After this action, Kadre Manuel now owns 230,000 shares of Bright Health Group Inc., valued at $210,000 using the latest closing price.
Kadre Manuel, the Director of Bright Health Group Inc., purchase 100,000 shares at $2.09 during a trade that took place back on Mar 04, which means that Kadre Manuel is holding 350,000 shares at $209,000 based on the most recent closing price.
Stock Fundamentals for BHG
Equity return is now at value -90.70, with -32.20 for asset returns.