Market Resilience: Guardant Health Inc (GH) Finishes Weak at 26.74, Down -7.86

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Guardant Health Inc (NASDAQ: GH) closed the day trading at $26.74 down -7.86% from the previous closing price of $29.02. In other words, the price has decreased by -$7.86 from its previous closing price. On the day, 4.32 million shares were traded. GH stock price reached its highest trading level at $27.475 during the session, while it also had its lowest trading level at $25.43.

Ratios:

For a better understanding of GH, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.07 and its Current Ratio is at 6.40.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 04 ’24 when Joyce Meghan V. sold 100 shares for $27.87 per share. The transaction valued at 2,787 led to the insider holds 4,621 shares of the business.

Kalia Kumud bought 2,187 shares of GH for $38,963 on Mar 18 ’24. The Chief Information Officer now owns 12,722 shares after completing the transaction at $17.82 per share. On Mar 04 ’24, another insider, Joyce Meghan V., who serves as the Director of the company, sold 100 shares for $19.05 each. As a result, the insider received 1,905 and left with 4,521 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, GH now has a Market Capitalization of 3570110976 and an Enterprise Value of 3644566272. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.11. Its current Enterprise Value per Revenue stands at 5.661 whereas that against EBITDA is -9.536.

Stock Price History:

Over the past 52 weeks, GH has reached a high of $41.06, while it has fallen to a 52-week low of $15.81. The 50-Day Moving Average of the stock is -12.11%, while the 200-Day Moving Average is calculated to be 8.68%.

Shares Statistics:

Over the past 3-months, GH traded about 2.15M shares per day on average, while over the past 10 days, GH traded about 2202020 shares per day. A total of 121.63M shares are outstanding, with a floating share count of 116.88M. Insiders hold about 4.99% of the company’s shares, while institutions hold 95.29% stake in the company. Shares short for GH as of 1722384000 were 6988371 with a Short Ratio of 3.24, compared to 1719532800 on 7863831. Therefore, it implies a Short% of Shares Outstanding of 6988371 and a Short% of Float of 5.92.

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