Cue Health Inc. (NASDAQ:HLTH) went up by 4.46% from its latest closing price compared to the recent 1-year high of $22.55. The company’s stock price has collected -15.57% of loss in the last five trading sessions. The Wall Street Journal reported on 01/28/22 that As Omicron Spreads, New PCR-Like At-Home Covid Tests Provide Fast, Accurate Results
Is It Worth Investing in Cue Health Inc. (NASDAQ :HLTH) Right Now?
Cue Health Inc. (NASDAQ:HLTH) scored a price-to-earnings ratio above its average ratio, recording 22.89 x from its present earnings ratio. Opinions of the stock are interesting as 3 analysts out of 4 who provided ratings for Cue Health Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
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The average price from analysts is $9.88, which is $5.73 above the current price. HLTH currently public float of 114.64M and currently shorts hold a 2.24% ratio of that float. Today, the average trading volume of HLTH was 702.11K shares.
HLTH’s Market Performance
HLTH stocks went down by -15.57% for the week, with a monthly drop of -11.82% and a quarterly performance of -46.85%. The volatility ratio for the week stands at 19.60% while the volatility levels for the past 30 days are set at 10.02% for Cue Health Inc.. The simple moving average for the period of the last 20 days is -19.13% for HLTH stocks with a simple moving average of -46.13% for the last 200 days.
HLTH Trading at -27.63% from the 50-Day Moving Average
After a stumble in the market that brought HLTH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -77.16% of loss for the given period.
Volatility was left at 10.02%, however, over the last 30 days, the volatility rate increased by 19.60%, as shares sank -15.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -49.26% lower at present.
During the last 5 trading sessions, HLTH fell by -15.57%, in comparison to the 20-day moving average, which settled at $6.32. In addition, Cue Health Inc. saw -61.60% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for HLTH
Current profitability levels for the company are sitting at:
- +30.77 for the present operating margin
- +55.26 for the gross margin
The net margin for Cue Health Inc. stands at +5.36.
The liquidity ratio also appears to be rather interesting for investors as it stands at 4.01.
