The stock price of Guardant Health Inc (NASDAQ: GH) has dropped by -1.42 compared to previous close of 17.59. Despite this, the company has seen a gain of 7.30% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-22 that Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Is It Worth Investing in Guardant Health Inc (NASDAQ: GH) Right Now?
Additionally, the 36-month beta value for GH is 0.93. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for GH is 115.88M and currently, short sellers hold a 6.60% ratio of that float. The average trading volume of GH on April 24, 2024 was 2.00M shares.
GH’s Market Performance
GH’s stock has seen a 7.30% increase for the week, with a 0.52% rise in the past month and a -24.38% fall in the past quarter. The volatility ratio for the week is 5.67%, and the volatility levels for the past 30 days are at 6.94% for Guardant Health Inc. The simple moving average for the past 20 days is -4.67% for GH’s stock, with a -35.27% simple moving average for the past 200 days.
Analysts’ Opinion of GH
Raymond James gave a rating of “Outperform” to GH, setting the target price at $27 in the report published on November 13th of the previous year.
GH Trading at -9.47% from the 50-Day Moving Average
After a stumble in the market that brought GH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -57.77% of loss for the given period.
Volatility was left at 6.94%, however, over the last 30 days, the volatility rate increased by 5.67%, as shares surge +1.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.31% lower at present.
During the last 5 trading sessions, GH rose by +7.30%, which changed the moving average for the period of 200-days by -53.37% in comparison to the 20-day moving average, which settled at $18.20. In addition, Guardant Health Inc saw -35.90% 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 GH starting from Kalia Kumud, who purchase 2,187 shares at the price of $17.82 back on Mar 18 ’24. After this action, Kalia Kumud now owns 12,722 shares of Guardant Health Inc, valued at $38,963 using the latest closing price.
Joyce Meghan V., the Director of Guardant Health Inc, sale 100 shares at $19.05 during a trade that took place back on Mar 04 ’24, which means that Joyce Meghan V. is holding 4,521 shares at $1,905 based on the most recent closing price.
Stock Fundamentals for GH
Current profitability levels for the company are sitting at:
- -1.0 for the present operating margin
- 0.85 for the gross margin
The net margin for Guardant Health Inc stands at -0.85. The total capital return value is set at -0.36. Equity return is now at value -438.13, with -28.23 for asset returns.
Based on Guardant Health Inc (GH), the company’s capital structure generated 0.88 points at debt to capital in total, while cash flow to debt ratio is standing at -0.28. The debt to equity ratio resting at 7.36. The interest coverage ratio of the stock is 219.06.
Currently, EBITDA for the company is -519.63 million with net debt to EBITDA at -0.41. When we switch over and look at the enterprise to sales, we see a ratio of 4.13. The receivables turnover for the company is 6.35for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.54.
Conclusion
In conclusion, Guardant Health Inc (GH) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
