GoodRx Holdings Inc. (GDRX) stock expected to rise by 22.33%: What’s driving the optimism?

As of right now, GoodRx Holdings Inc. [GDRX] is trading at $5.24, up 1.95%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GDRX shares have gain 1.95% over the last week, with a monthly amount glided 7.82%, and seem to be holding up well over a long-time horizon.

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On 25, May 2023, GoodRx to Present at the Jefferies Healthcare Conference. In a post published today on Yahoo Finance, GoodRx Holdings, Inc. (Nasdaq: GDRX), a leading digital healthcare platform, today announced that executives from the Company will be presenting at the Jefferies Healthcare Conference in New York, NY on Thursday, June 8, 2023 at 12:30 p.m. Pacific Time (3:30 p.m. Eastern Time).

From an analyst’s perspective:

Through the last year, GoodRx Holdings Inc.’s stock price ranged from $3.82 to $10.37. Currently, Wall Street analysts expect the stock to reach $6.41 within the next 12 months. GoodRx Holdings Inc. [NASDAQ: GDRX] shares were valued at $5.24 at the most recent close of the market. An investor can expect a potential return of 22.33% based on the average GDRX price forecast.

Analyzing the GDRX fundamentals

For GoodRx Holdings Inc., (GDRX), the latest quarter sales were 183.99 billion, which represents an -9.50% decrease. During this period, the public company’s revenue per employee was $803,516, while its income per employee was -$34,411. Gross Margin for this corporation currently stands at +84.50% with Operating Margin at +4.85%, Pretax Margin comes in at -3.03%, and Net Margin reading is -4.28%. To continue investigating profitability, this company’s Return on Assets is posted at -2.01, Equity is -3.99, Total Capital is 2.42, and Invested Capital is -2.16. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 46.81 and enduring liabilities to the whole assets at 44.05.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.07 points at the first support level, and at 4.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.34, and for the 2nd resistance point, it is at 5.43.

GoodRx Holdings Inc. [GDRX] reported earnings per share of $0.07 for its fiscal quarter that ended on 3/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.06/share, meaning a difference of $0.01 and a surprise factor of 16.70%. By comparison, the stated earnings for the previous quarter ended on 12/30/2022 were $0.07 per share as compared to estimates of $0.05 per share, a difference of $0.02 representing a surprise of 40.00%.

Ratios To Look Out For

It is important to note that GoodRx Holdings Inc. [NASDAQ:GDRX] has a current ratio of 13.10. In addition, the Quick Ratio stands at 12.05 and the Cash Ratio stands at 9.92. Considering the valuation of this stock, the price to sales ratio is 2.51, the price to book ratio is 2.27.

Transactions by insiders

In the past 3 months, 6 insiders have purchased 401,073 shares, and 4 have sold 30,548 shares.