The price of GoodRx Holdings Inc (NASDAQ: GDRX) closed at $6.80 in the last session, down -4.23% from day before closing price of $7.10. In other words, the price has decreased by -$0.30 from its previous closing price. On the day, 1095726 shares were traded.
Ratios:
We take a closer look at GDRX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.57. For the most recent quarter (mrq), Quick Ratio is recorded 7.12 and its Current Ratio is at 7.12. In the meantime, Its Debt-to-Equity ratio is 0.93 whereas as Long-Term Debt/Eq ratio is at 0.91.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on March 25, 2024, Upgraded its rating to Overweight and sets its target price to $10 from $7.50 previously.
On March 01, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $7 to $10.
On February 26, 2024, Leerink Partners started tracking the stock assigning a Outperform rating and target price of $8.Leerink Partners initiated its Outperform rating on February 26, 2024, with a $8 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 30 ’23 when Wagner Scott bought 21,652 shares for $5.76 per share. The transaction valued at 124,806 led to the insider holds 182,900 shares of the business.
Wagner Scott bought 26,348 shares of GDRX for $155,482 on Nov 29 ’23. The insider now owns 161,248 shares after completing the transaction at $5.90 per share. On Nov 28 ’23, another insider, Wagner Scott, who serves as the insider of the company, bought 4,157 shares for $6.00 each. As a result, the insider paid 24,940 and bolstered with 134,900 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GDRX now has a Market Capitalization of 2.68B and an Enterprise Value of 2.72B. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.58 while its Price-to-Book (P/B) ratio in mrq is 3.52. Its current Enterprise Value per Revenue stands at 3.63 whereas that against EBITDA is 25.00.
Stock Price History:
Over the past 52 weeks, GDRX has reached a high of $9.37, while it has fallen to a 52-week low of $4.14. The 50-Day Moving Average of the stock is 6.78, while the 200-Day Moving Average is calculated to be 6.30.
Shares Statistics:
According to the various share statistics, GDRX traded on average about 1.69M shares per day over the past 3-months and 1.17M shares per day over the past 10 days. A total of 92.36M shares are outstanding, with a floating share count of 76.60M. Insiders hold about 80.61% of the company’s shares, while institutions hold 13.28% stake in the company. Shares short for GDRX as of Mar 15, 2024 were 9.85M with a Short Ratio of 5.84, compared to 9.72M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.49% and a Short% of Float of 11.88%.
Earnings Estimates
The company has 15 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.07 for the current quarter, with a high estimate of $0.1 and a low estimate of $0.03, while EPS last year was $0.07. The consensus estimate for the next quarter is $0.09, with high estimates of $0.12 and low estimates of $0.05.
Analysts are recommending an EPS of between $0.5 and $0.28 for the fiscal current year, implying an average EPS of $0.37. EPS for the following year is $0.45, with 16 analysts recommending between $0.72 and $0.34.
Revenue Estimates
According to 16 analysts, the current quarter’s revenue is expected to be $196.01M. It ranges from a high estimate of $197.45M to a low estimate of $195M. As of the current estimate, GoodRx Holdings Inc’s year-ago sales were $183.99M, an estimated increase of 6.50% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $199.57M, an increase of 5.20% less than the figure of $6.50% in the same quarter last year. There is a high estimate of $204.69M for the next quarter, whereas the lowest estimate is $197M.
A total of 19 analysts have provided revenue estimates for GDRX’s current fiscal year. The highest revenue estimate was $809.23M, while the lowest revenue estimate was $797M, resulting in an average revenue estimate of $800.77M. In the same quarter a year ago, actual revenue was $750.26M, up 6.70% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $858.78M in the next fiscal year. The high estimate is $921.5M and the low estimate is $834.01M. The average revenue growth estimate for next year is up 7.20% from the average revenue estimate for this year.
