The stock price of Guardant Health Inc (NASDAQ: GH) has surged by 1.26 when compared to previous closing price of 29.36, but the company has seen a 26.40% gain in its stock price over the last five trading sessions. fool.com reported 2024-11-12 that The rock star money manager is starting to roll with the rallying market.
Is It Worth Investing in Guardant Health Inc (NASDAQ: GH) Right Now?
The 36-month beta value for GH is also noteworthy at 1.17. 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.”
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The public float for GH is 118.22M, and at present, short sellers hold a 8.68% of that float. The average trading volume of GH on November 13, 2024 was 2.11M shares.
GH’s Market Performance
The stock of Guardant Health Inc (GH) has seen a 26.40% increase in the past week, with a 39.32% rise in the past month, and a 2.34% gain in the past quarter. The volatility ratio for the week is 8.10%, and the volatility levels for the past 30 days are at 5.46% for GH. The simple moving average for the past 20 days is 27.42% for GH’s stock, with a 23.20% simple moving average for the past 200 days.
Analysts’ Opinion of GH
Many brokerage firms have already submitted their reports for GH stocks, with Guggenheim repeating the rating for GH by listing it as a “Buy.” The predicted price for GH in the upcoming period, according to Guggenheim is $36 based on the research report published on June 28, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see GH reach a price target of $32. The rating they have provided for GH stocks is “Buy” according to the report published on June 03rd, 2024.
Craig Hallum gave a rating of “Buy” to GH, setting the target price at $28 in the report published on April 24th of the current year.
GH Trading at 27.55% 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 -19.74% of loss for the given period.
Volatility was left at 5.46%, however, over the last 30 days, the volatility rate increased by 8.10%, as shares surge +37.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.00% upper at present.
During the last 5 trading sessions, GH rose by +26.40%, which changed the moving average for the period of 200-days by +28.70% in comparison to the 20-day moving average, which settled at $23.33. In addition, Guardant Health Inc saw 9.91% 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 GH starting from CLARK IAN T, who proposed sale 8,318 shares at the price of $29.45 back on Nov 12 ’24. After this action, CLARK IAN T now owns shares of Guardant Health Inc, valued at $244,930 using the latest closing price.
Joyce Meghan V., the Director of Guardant Health Inc, sale 100 shares at $27.87 during a trade that took place back on Jun 04 ’24, which means that Joyce Meghan V. is holding 4,621 shares at $2,787 based on the most recent closing price.
Stock Fundamentals for GH
Current profitability levels for the company are sitting at:
- -0.74 for the present operating margin
- 0.92 for the gross margin
The net margin for Guardant Health Inc stands at -0.74. The total capital return value is set at -0.38. Equity return is now at value -609.28, with -30.72 for asset returns.
Based on Guardant Health Inc (GH), the company’s capital structure generated 1.05 points at debt to capital in total, while cash flow to debt ratio is standing at -0.19. The debt to equity ratio resting at -21.83. The interest coverage ratio of the stock is 133.21.
Currently, EBITDA for the company is -519.63 million with net debt to EBITDA at -1.14. When we switch over and look at the enterprise to sales, we see a ratio of 6.21. The receivables turnover for the company is 7.83for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.22.
Conclusion
In summary, Guardant Health Inc (GH) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
