The stock price of eHealth Inc (NASDAQ: EHTH) has jumped by 6.22 compared to previous close of 4.34. Despite this, the company has seen a fall of -9.78% in its stock price over the last five trading days. Zacks Investment Research reported 2024-02-29 that eHealth (EHTH) expects revenues to be in the range of $450-$475 million in 2024.
Is It Worth Investing in eHealth Inc (NASDAQ: EHTH) Right Now?
EHTH has 36-month beta value of 0.48. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for EHTH is 26.25M, and currently, short sellers hold a 4.24% ratio of that float. The average trading volume of EHTH on April 19, 2024 was 318.06K shares.
EHTH’s Market Performance
EHTH’s stock has seen a -9.78% decrease for the week, with a -16.49% drop in the past month and a -21.20% fall in the past quarter. The volatility ratio for the week is 8.82%, and the volatility levels for the past 30 days are at 6.03% for eHealth Inc The simple moving average for the past 20 days is -14.22% for EHTH’s stock, with a -37.76% simple moving average for the past 200 days.
Analysts’ Opinion of EHTH
Many brokerage firms have already submitted their reports for EHTH stocks, with Craig Hallum repeating the rating for EHTH by listing it as a “Hold.” The predicted price for EHTH in the upcoming period, according to Craig Hallum is $7 based on the research report published on January 18, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see EHTH reach a price target of $6. The rating they have provided for EHTH stocks is “Buy” according to the report published on December 01st, 2022.
Credit Suisse gave a rating of “Neutral” to EHTH, setting the target price at $16 in the report published on April 01st of the previous year.
EHTH Trading at -23.95% from the 50-Day Moving Average
After a stumble in the market that brought EHTH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.29% of loss for the given period.
Volatility was left at 6.03%, however, over the last 30 days, the volatility rate increased by 8.82%, as shares sank -22.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.11% lower at present.
During the last 5 trading sessions, EHTH fell by -9.78%, which changed the moving average for the period of 200-days by -43.99% in comparison to the 20-day moving average, which settled at $5.31. In addition, eHealth Inc saw -47.13% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EHTH starting from WOLF DALE B, who purchase 15,000 shares at the price of $7.05 back on Sep 15 ’23. After this action, WOLF DALE B now owns 62,932 shares of eHealth Inc, valued at $105,705 using the latest closing price.
Galimi Gavin G., the SVP, General Counsel & Secr. of eHealth Inc, purchase 2,000 shares at $9.01 during a trade that took place back on Jun 15 ’23, which means that Galimi Gavin G. is holding 117,676 shares at $18,020 based on the most recent closing price.
Stock Fundamentals for EHTH
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.99 for the gross margin
The net margin for eHealth Inc stands at -0.08. The total capital return value is set at -0.02. Equity return is now at value -3.10, with -2.15 for asset returns.
Based on eHealth Inc (EHTH), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at -0.09. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is -2.5.
Currently, EBITDA for the company is -9.16 million with net debt to EBITDA at 0.9. When we switch over and look at the enterprise to sales, we see a ratio of 0.27. The receivables turnover for the company is 0.49for trailing twelve months and the total asset turnover is 0.34.
Conclusion
To put it simply, eHealth Inc (EHTH) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
