The stock price of GoodRx Holdings Inc (NASDAQ: GDRX) has dropped by -0.58 compared to previous close of 6.92. businesswire.com reported 2024-10-10 that SANTA MONICA, Calif.–(BUSINESS WIRE)–GoodRx Holdings, Inc. (Nasdaq: GDRX) (“GoodRx” or the “Company”), the leading prescription savings platform in the U.S., today announced it will release its third quarter 2024 financial results before U.S. markets open on Thursday, November 7, 2024. GoodRx management will also hold a conference call and webcast that morning at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time) to discuss the results and the Company’s business outlook. To access the conference.
Is It Worth Investing in GoodRx Holdings Inc (NASDAQ: GDRX) Right Now?
The 36-month beta value for GDRX is also noteworthy at 1.38. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 5 rating it as “overweight,” 7 rating it as “hold,” and 1 rating it as “sell.”
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The public float for GDRX is 81.18M, and at present, short sellers hold a 11.13% of that float. The average trading volume of GDRX on October 18, 2024 was 1.33M shares.
GDRX’s Market Performance
The stock of GoodRx Holdings Inc (GDRX) has seen a 0.00% decrease in the past week, with a -6.39% drop in the past month, and a -19.06% fall in the past quarter. The volatility ratio for the week is 2.54%, and the volatility levels for the past 30 days are at 3.28% for GDRX. The simple moving average for the past 20 days is -0.35% for GDRX’s stock, with a -5.58% simple moving average for the past 200 days.
Analysts’ Opinion of GDRX
Many brokerage firms have already submitted their reports for GDRX stocks, with Raymond James repeating the rating for GDRX by listing it as a “Strong Buy.” The predicted price for GDRX in the upcoming period, according to Raymond James is $10 based on the research report published on August 09, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see GDRX reach a price target of $10, previously predicting the price at $8. The rating they have provided for GDRX stocks is “Outperform” according to the report published on May 23rd, 2024.
Raymond James gave a rating of “Outperform” to GDRX, setting the target price at $10 in the report published on May 16th of the current year.
GDRX Trading at -6.04% 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 -25.70% of loss for the given period.
Volatility was left at 3.28%, however, over the last 30 days, the volatility rate increased by 2.54%, as shares sank -2.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.09% lower at present.
During the last 5 trading sessions, GDRX remain unchanged, which changed the moving average for the period of 200-days by +22.42% in comparison to the 20-day moving average, which settled at $6.90. In addition, GoodRx Holdings Inc saw 2.69% 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 Spectrum Equity VII, L.P., who sale 10,677 shares at the price of $7.86 back on Sep 03 ’24. After this action, Spectrum Equity VII, L.P. now owns 0 shares of GoodRx Holdings Inc, valued at $83,922 using the latest closing price.
Spectrum VII Investment Manage, the Affiliate of GoodRx Holdings Inc, proposed sale 6,828 shares at $7.86 during a trade that took place back on Sep 03 ’24, which means that Spectrum VII Investment Manage is holding shares at $53,668 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
- 0.83 for the gross margin
The net margin for GoodRx Holdings Inc stands at -0.08. The total capital return value is set at -0.01. Equity return is now at value -7.50, with -3.71 for asset returns.
Based on GoodRx Holdings Inc (GDRX), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.98. The interest coverage ratio of the stock is -0.22.
Currently, EBITDA for the company is 163.15 million with net debt to EBITDA at 1.75. When we switch over and look at the enterprise to sales, we see a ratio of 3.6. The receivables turnover for the company is 4.09for 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 7.32.
Conclusion
In summary, GoodRx Holdings Inc (GDRX) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
