Hippo Holdings Inc (HIPO) Shares Soar Above 1-Year High

The stock price of Hippo Holdings Inc (NYSE: HIPO) has jumped by 14.05 compared to previous close of 19.14. Despite this, the company has seen a gain of 22.92% in its stock price over the last five trading days. PRNewsWire reported 2024-02-05 that PALO ALTO, Calif., Feb. 5, 2024 /PRNewswire/ — Hippo (NYSE: HIPO), the home insurance group focused on proactive home protection, today announced the company’s fourth quarter financial results will be released before market open on Wednesday, March 6, 2024.

Is It Worth Investing in Hippo Holdings Inc (NYSE: HIPO) Right Now?

Moreover, the 36-month beta value for HIPO is 1.55. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for HIPO is 13.12M and currently, short sellers hold a 8.72% of that float. On April 04, 2024, HIPO’s average trading volume was 168.73K shares.

HIPO’s Market Performance

The stock of Hippo Holdings Inc (HIPO) has seen a 22.92% increase in the past week, with a 40.48% rise in the past month, and a 141.75% gain in the past quarter. The volatility ratio for the week is 7.42%, and the volatility levels for the past 30 days are at 8.52% for HIPO. The simple moving average for the past 20 days is 22.35% for HIPO’s stock, with a 91.31% simple moving average for the past 200 days.

Analysts’ Opinion of HIPO

Keefe Bruyette, on the other hand, stated in their research note that they expect to see HIPO reach a price target of $24. The rating they have provided for HIPO stocks is “Outperform” according to the report published on November 17th, 2022.

JMP Securities gave a rating of “Mkt Outperform” to HIPO, setting the target price at $4 in the report published on February 09th of the previous year.

HIPO Trading at 60.49% from the 50-Day Moving Average

After a stumble in the market that brought HIPO to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 7.06% of gains for the given period.

Volatility was left at 8.52%, however, over the last 30 days, the volatility rate increased by 7.42%, as shares surge +50.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +138.84% upper at present.

During the last 5 trading sessions, HIPO rose by +22.92%, which changed the moving average for the period of 200-days by +36.87% in comparison to the 20-day moving average, which settled at $18.21. In addition, Hippo Holdings Inc saw 139.36% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at HIPO starting from Harry Yuval, who sale 14,938 shares at the price of $17.20 back on Mar 22 ’24. After this action, Harry Yuval now owns 145,162 shares of Hippo Holdings Inc, valued at $256,883 using the latest closing price.

Badia Anirudh, the Chief Accounting Officer of Hippo Holdings Inc, sale 1,735 shares at $18.39 during a trade that took place back on Mar 11 ’24, which means that Badia Anirudh is holding 122,454 shares at $31,906 based on the most recent closing price.

Stock Fundamentals for HIPO

Current profitability levels for the company are sitting at:

  • -1.11 for the present operating margin
  • 1.0 for the gross margin

The net margin for Hippo Holdings Inc stands at -1.29. The total capital return value is set at -0.52. Equity return is now at value -56.42, with -29.03 for asset returns.

Based on Hippo Holdings Inc (HIPO), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -6.24. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -777.33.

Currently, EBITDA for the company is -272.6 million with net debt to EBITDA at 0.81. When we switch over and look at the enterprise to sales, we see a ratio of 1.67. The receivables turnover for the company is 0.41for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.38.

Conclusion

To wrap up, the performance of Hippo Holdings Inc (HIPO) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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