The Short-term Rise and Fall of GoodRx Holdings Inc (GDRX) Stock

A share price of GoodRx Holdings Inc [GDRX] is currently trading at $7.10, saw in change for the day. 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 7.90% over the last week, with a monthly amount drifted -8.86%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

GoodRx Holdings Inc [NASDAQ: GDRX] stock has seen the most recent analyst activity on March 25, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $10 from $7.50. Previously, JP Morgan upgraded its rating to Overweight on March 01, 2024, and elevated its price target to $10. On February 26, 2024, Leerink Partners initiated with a Outperform rating and assigned a price target of $8 on the stock. BofA Securities downgraded its rating to a Underperform and decreased its price target to $4.50 on January 02, 2024. DA Davidson upgraded its rating to a Buy but $9.50 remained the price target by the analyst firm on August 10, 2023. TD Cowen upgraded its rating to Outperform for this stock on July 31, 2023, and upped its price target to $12. In a note dated December 01, 2022, Citigroup initiated an Buy rating and provided a target price of $7 on this stock.

GoodRx Holdings Inc experienced fluctuations in its stock price throughout the past year between $4.14 and $9.37. Currently, Wall Street analysts expect the stock to reach $17.5 within the next 12 months. GoodRx Holdings Inc [NASDAQ: GDRX] shares were valued at $7.10 at the most recent close of the market. An investor can expect a potential return of 146.48% based on the average GDRX price forecast.

Analyzing the GDRX fundamentals

Trailing Twelve Months sales for GoodRx Holdings Inc [NASDAQ:GDRX] were 750.26M which represents 6.81% growth. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.01 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.87.

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 6.97 points at the first support level, and at 6.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.21, and for the 2nd resistance point, it is at 7.32.

Ratios To Look Out For

To put it in perspective, the Current Ratio for GoodRx Holdings Inc [NASDAQ:GDRX] is 7.12. In addition, the Quick Ratio stands at 7.12 and the Cash Ratio stands at 5.49. Considering the valuation of this stock, the price to sales ratio is 3.74, the price to book ratio is 3.67.

Transactions by insiders

Recent insider trading involved Wagner Scott,, that happened on Nov 30 ’23 when 21652.0 shares were purchased., Wagner Scott completed a deal on Nov 29 ’23 to buy 26348.0 shares. Meanwhile, Wagner Scott bought 4157.0 shares on Nov 28 ’23.

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