A share price of Guardant Health Inc [GH] is currently trading at $31.54, up 1.51%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GH shares have gain 14.40% over the last week, with a monthly amount drifted -0.94%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Guardant Health Inc [NASDAQ: GH] stock has seen the most recent analyst activity on June 28, 2024, when Guggenheim upgraded its rating to a Buy but kept the price target unchanged to $36 for it. Guggenheim started tracking the stock assigning a Neutral rating. Wolfe Research initiated its recommendation with a Peer Perform. Raymond James upgraded its rating to Outperform for this stock on November 13, 2023, but kept the price target unchanged to $27. In a note dated September 28, 2023, Bernstein initiated an Outperform rating and provided a target price of $34 on this stock.
Guardant Health Inc experienced fluctuations in its stock price throughout the past year between $15.81 and $41.06. Currently, Wall Street analysts expect the stock to reach $56.8 within the next 12 months. Guardant Health Inc [NASDAQ: GH] shares were valued at $31.54 at the most recent close of the market. An investor can expect a potential return of 80.09% based on the average GH price forecast.
Analyzing the GH fundamentals
Trailing Twelve Months sales for Guardant Health Inc [NASDAQ:GH] were 603.73M which represents 30.90% growth. Gross Profit Margin for this corporation currently stands at 0.84% with Operating Profit Margin at -0.88%, Pretax Profit Margin comes in at -0.76%, and Net Profit Margin reading is -0.76%. To continue investigating profitability, this company’s Return on Assets is posted at -0.27, Equity is -2.46 and Total Capital is -0.36. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of17.11.
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 30.94 points at the first support level, and at 30.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.89, and for the 2nd resistance point, it is at 32.23.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Guardant Health Inc [NASDAQ:GH] is 5.95. In addition, the Quick Ratio stands at 5.66 and the Cash Ratio stands at 5.13. Considering the valuation of this stock, the price to sales ratio is 6.39, the price to book ratio is 56.25.
Transactions by insiders
Recent insider trading involved Joyce Meghan V., Director, that happened on Jun 04 ’24 when 100.0 shares were sold. Chief Information Officer, Kalia Kumud completed a deal on Mar 18 ’24 to buy 2187.0 shares. Meanwhile, Director Joyce Meghan V. sold 100.0 shares on Mar 04 ’24.
