Ratios Reveal: Breaking Down Health In Tech Inc (HIT)’s Financial Health

Nora Barnes

Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.

Health In Tech Inc (NASDAQ: HIT) closed the day trading at $1.83 down -14.88% from the previous closing price of $2.15. In other words, the price has decreased by -$14.88 from its previous closing price. On the day, 0.76 million shares were traded. HIT stock price reached its highest trading level at $2.22 during the session, while it also had its lowest trading level at $1.82.

Ratios:

For a better understanding of HIT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.67. For the most recent quarter (mrq), Quick Ratio is recorded 2.74 and its Current Ratio is at 2.84. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HIT now has a Market Capitalization of 103318360 and an Enterprise Value of 95228592. As of this moment, Health’s Price-to-Earnings (P/E) ratio for their current fiscal year is 72.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.36 while its Price-to-Book (P/B) ratio in mrq is 6.02. Its current Enterprise Value per Revenue stands at 3.568.

Stock Price History:

Over the past 52 weeks, HIT has reached a high of $7.59, while it has fallen to a 52-week low of $0.51. The 50-Day Moving Average of the stock is -39.94%, while the 200-Day Moving Average is calculated to be -24.47%.

Shares Statistics:

Over the past 3-months, HIT traded about 481.99K shares per day on average, while over the past 10 days, HIT traded about 492730 shares per day. A total of 44.79M shares are outstanding, with a floating share count of 7.37M. Insiders hold about 86.93% of the company’s shares, while institutions hold 1.28% stake in the company. Shares short for HIT as of 1761868800 were 256232 with a Short Ratio of 0.53, compared to 1759190400 on 153962. Therefore, it implies a Short% of Shares Outstanding of 256232 and a Short% of Float of 1.91.

Earnings Estimates

The dynamic stock of Health In Tech Inc (HIT) is currently being evaluated by a team of 1 analysts, each contributing to its current rating.

Analysts are recommending an EPS of between $0.02 and $0.02 for the fiscal current year, implying an average EPS of $0.02.

Revenue Estimates

For the next quarter, 2 analysts are estimating revenue of $9.21M. There is a high estimate of $9.21M for the next quarter, whereas the lowest estimate is $9.21M.

Based on 1 analysts’ estimates, the company’s revenue will be $43.11M in the next fiscal year. The high estimate is $43.11M and the low estimate is $43.11M.

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