The stock price of Guardant Health Inc (NASDAQ: GH) has dropped by -2.91 compared to previous close of 35.40. Despite this, the company has seen a gain of 12.03% in its stock price over the last five trading days. prnewswire.com reported 2024-11-25 that Guardant Health Secures One of the Largest False Advertising Verdicts in History, Representing a Significant Victory for Colorectal Cancer Patients Who Could Benefit from Guardant Reveal™ Natera Found to Have Willfully Misled Oncologists in an Effort to Thwart Competition PALO ALTO, Calif., Nov. 25, 2024 /PRNewswire/ — Guardant Health, Inc. (Nasdaq: GH) (“Guardant Health”), a leading precision oncology company, today announced that a jury in the U.S. District Court for the Northern District of California (the “Court”) unanimously found in favor of Guardant Health on all of its claims from its May 2021 lawsuit against Natera, Inc. (Nasdaq: NTRA) (“Natera”) for false advertising and unfair competition.
Is It Worth Investing in Guardant Health Inc (NASDAQ: GH) Right Now?
Moreover, the 36-month beta value for GH is 1.23. Analysts have varying opinions on the stock, with 14 analysts rating it as a “buy,” 7 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for GH is 117.83M and currently, short sellers hold a 8.70% of that float. On November 27, 2024, GH’s average trading volume was 2.15M shares.
GH’s Market Performance
GH stock saw an increase of 12.03% in the past week, with a monthly gain of 54.82% and a quarterly increase of 31.18%. The volatility ratio for the week is 5.35%, and the volatility levels for the last 30 days are 6.37% for Guardant Health Inc (GH). The simple moving average for the past 20 days is 20.32% for GH’s stock, with a 39.78% 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 39.67% 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 -7.21% of loss for the given period.
Volatility was left at 6.37%, however, over the last 30 days, the volatility rate increased by 5.35%, as shares surge +57.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.99% upper at present.
During the last 5 trading sessions, GH rose by +12.03%, which changed the moving average for the period of 200-days by +52.01% in comparison to the 20-day moving average, which settled at $28.57. In addition, Guardant Health Inc saw 27.06% 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 Kalia Kumud, who sale 7,000 shares at the price of $29.25 back on Nov 18 ’24. After this action, Kalia Kumud now owns 17,744 shares of Guardant Health Inc, valued at $204,722 using the latest closing price.
Kalia Kumud, the Officer of Guardant Health Inc, proposed sale 7,000 shares at $29.25 during a trade that took place back on Nov 18 ’24, which means that Kalia Kumud is holding shares at $204,722 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
- 0.81 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 1.06 points at debt to capital in total, while cash flow to debt ratio is standing at -0.22. The debt to equity ratio resting at -19.0. The interest coverage ratio of the stock is -199.59.
Currently, EBITDA for the company is -433.31 million with net debt to EBITDA at -1.39. When we switch over and look at the enterprise to sales, we see a ratio of 7.07. 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
To wrap up, the performance of Guardant Health Inc (GH) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
