GoodRx Holdings Inc (NASDAQ: GDRX)’s stock price has increased by 2.92 compared to its previous closing price of 8.17. However, the company has seen a 16.47% increase in its stock price over the last five trading sessions. accesswire.com reported 2024-06-05 that LOS ANGELES, CA / ACCESSWIRE / June 5, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against GoodRx Holdings, Inc. (“GoodRx” or “the Company”) (NASDAQ:GDRX) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company’s securities between September 23, 2020 and November 8, 2022, inclusive (the “Class Period”), are encouraged to contact the firm before June 21, 2024.
Is It Worth Investing in GoodRx Holdings Inc (NASDAQ: GDRX) Right Now?
Additionally, the 36-month beta value for GDRX is 1.40. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for GDRX is 77.58M and currently, short sellers hold a 9.60% ratio of that float. The average trading volume of GDRX on June 05, 2024 was 1.29M shares.
GDRX’s Market Performance
GDRX stock saw an increase of 16.47% in the past week, with a monthly gain of 12.57% and a quarterly increase of 11.08%. The volatility ratio for the week is 5.09%, and the volatility levels for the last 30 days are 6.33% for GoodRx Holdings Inc (GDRX). The simple moving average for the last 20 days is 14.53% for GDRX stock, with a simple moving average of 32.83% for the last 200 days.
Analysts’ Opinion of GDRX
Many brokerage firms have already submitted their reports for GDRX stocks, with RBC Capital Mkts repeating the rating for GDRX by listing it as a “Outperform.” The predicted price for GDRX in the upcoming period, according to RBC Capital Mkts is $10 based on the research report published on May 23, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see GDRX reach a price target of $10. The rating they have provided for GDRX stocks is “Outperform” according to the report published on May 16th, 2024.
KeyBanc Capital Markets gave a rating of “Overweight” to GDRX, setting the target price at $9 in the report published on April 10th of the current year.
GDRX Trading at 18.67% from the 50-Day Moving Average
After a stumble in the market that brought GDRX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.26% of loss for the given period.
Volatility was left at 6.33%, however, over the last 30 days, the volatility rate increased by 5.09%, as shares surge +9.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.12% upper at present.
During the last 5 trading sessions, GDRX rose by +14.69%, which changed the moving average for the period of 200-days by +23.22% in comparison to the 20-day moving average, which settled at $7.38. In addition, GoodRx Holdings Inc saw 25.50% 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 GDRX starting from Wagner Scott, who purchase 21,652 shares at the price of $5.76 back on Nov 30 ’23. After this action, Wagner Scott now owns 182,900 shares of GoodRx Holdings Inc, valued at $124,806 using the latest closing price.
Wagner Scott, the of GoodRx Holdings Inc, purchase 26,348 shares at $5.90 during a trade that took place back on Nov 29 ’23, which means that Wagner Scott is holding 161,248 shares at $155,482 based on the most recent closing price.
Stock Fundamentals for GDRX
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.84 for the gross margin
The net margin for GoodRx Holdings Inc stands at -0.01. The total capital return value is set at -0.01. Equity return is now at value -0.90, with -0.43 for asset returns.
Based on GoodRx Holdings Inc (GDRX), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 1.04. The interest coverage ratio of the stock is -0.26.
Currently, EBITDA for the company is 163.15 million with net debt to EBITDA at 1.62. When we switch over and look at the enterprise to sales, we see a ratio of 4.34. The receivables turnover for the company is 4.72for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.29.
Conclusion
In conclusion, GoodRx Holdings Inc (GDRX) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
