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After finishing at $77.06 in the prior trading day, Healthequity Inc (NASDAQ: HQY) closed at $81.44, up 5.68%. In other words, the price has increased by $5.68 from its previous closing price. On the day, 1.18 million shares were traded. HQY stock price reached its highest trading level at $82.06 during the session, while it also had its lowest trading level at $77.98.
Ratios:
Our goal is to gain a better understanding of HQY by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 28.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.82. For the most recent quarter (mrq), Quick Ratio is recorded 4.39 and its Current Ratio is at 4.39. In the meantime, Its Debt-to-Equity ratio is 0.47 whereas as Long-Term Debt/Eq ratio is at 0.46.
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 this company, JMP Securities on April 04, 2024, initiated with a Mkt Outperform rating and assigned the stock a target price of $101.
On April 02, 2024, JP Morgan reiterated its Overweight rating and also lowered its target price recommendation from $86 to $108.
On January 03, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $84.Barclays initiated its Overweight rating on January 03, 2024, with a $84 target price.
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 Jul 09 ’24 when Wellborn Gayle Furgurson sold 5,297 shares for $81.34 per share. The transaction valued at 430,858 led to the insider holds 17,730 shares of the business.
Corvino Frank sold 7,705 shares of HQY for $630,932 on Jul 08 ’24. The Former Director now owns 6,070 shares after completing the transaction at $81.89 per share. On Jun 25 ’24, another insider, Kessler Jon, who serves as the PRESIDENT AND CEO of the company, sold 6,675 shares for $83.08 each. As a result, the insider received 554,547 and left with 225,501 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, HQY now has a Market Capitalization of 7086143488 and an Enterprise Value of 7818593792. As of this moment, Healthequity’s Price-to-Earnings (P/E) ratio for their current fiscal year is 88.65, and their Forward P/E ratio for the next fiscal year is 22.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.80 while its Price-to-Book (P/B) ratio in mrq is 3.38. Its current Enterprise Value per Revenue stands at 7.498 whereas that against EBITDA is 26.216.
Stock Price History:
The Beta on a monthly basis for HQY is 0.56, which has changed by 0.28697848 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, HQY has reached a high of $88.26, while it has fallen to a 52-week low of $61.32. The 50-Day Moving Average of the stock is 0.32%, while the 200-Day Moving Average is calculated to be 6.78%.
Shares Statistics:
The stock has traded on average 605.44K shares per day over the past 3-months and 656600 shares per day over the last 10 days, according to various share statistics. A total of 86.13M shares are outstanding, with a floating share count of 84.91M. Insiders hold about 2.42% of the company’s shares, while institutions hold 99.83% stake in the company. Shares short for HQY as of 1719532800 were 3425243 with a Short Ratio of 5.66, compared to 1717113600 on 3042968. Therefore, it implies a Short% of Shares Outstanding of 3425243 and a Short% of Float of 4.6.
