Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Healthequity Inc (NASDAQ: HQY) was $78.18 for the day, down -1.16% from the previous closing price of $79.10. In other words, the price has decreased by -$1.16 from its previous closing price. On the day, 0.57 million shares were traded. HQY stock price reached its highest trading level at $79.11 during the session, while it also had its lowest trading level at $76.85.
Ratios:
Our analysis of HQY’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.37. For the most recent quarter (mrq), Quick Ratio is recorded 4.10 and its Current Ratio is at 4.10. In the meantime, Its Debt-to-Equity ratio is 0.54 whereas as Long-Term Debt/Eq ratio is at 0.53.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 01 ’24 when Corvino Frank sold 1,247 shares for $80.26 per share. The transaction valued at 100,090 led to the insider holds 4,823 shares of the business.
Kessler Jon sold 20,999 shares of HQY for $1,646,796 on Sep 16 ’24. The PRESIDENT AND CEO now owns 204,502 shares after completing the transaction at $78.42 per share. On Sep 16 ’24, another insider, Kessler Jon, who serves as the PRESIDENT AND CEO of the company, sold 8,750 shares for $78.42 each. As a result, the insider received 686,197 and left with 101,235 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 6827028992 and an Enterprise Value of 7657586688. As of this moment, Healthequity’s Price-to-Earnings (P/E) ratio for their current fiscal year is 65.13, and their Forward P/E ratio for the next fiscal year is 21.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.21 while its Price-to-Book (P/B) ratio in mrq is 3.16. Its current Enterprise Value per Revenue stands at 6.967 whereas that against EBITDA is 22.694.
Stock Price History:
Over the past 52 weeks, HQY has reached a high of $88.26, while it has fallen to a 52-week low of $61.81. The 50-Day Moving Average of the stock is 2.28%, while the 200-Day Moving Average is calculated to be 0.22%.
Shares Statistics:
HQY traded an average of 650.55K shares per day over the past three months and 592050 shares per day over the past ten days. A total of 86.13M shares are outstanding, with a floating share count of 85.26M. Insiders hold about 2.36% of the company’s shares, while institutions hold 101.52% stake in the company. Shares short for HQY as of 1726185600 were 4284311 with a Short Ratio of 6.59, compared to 1723680000 on 4518678. Therefore, it implies a Short% of Shares Outstanding of 4284311 and a Short% of Float of 5.7299999999999995.
