Definitive Healthcare Corp [DH] stock prices are up 3.30% to $4.69 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The DH shares have gain 3.53% over the last week, with a monthly amount glided 18.73%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Definitive Healthcare Corp [NASDAQ: DH] stock has seen the most recent analyst activity on July 31, 2024, when JP Morgan downgraded its rating to a Underweight and also revised its price target to $5 from $7. Previously, Morgan Stanley downgraded its rating to Equal-Weight on May 08, 2024, and dropped its price target to $9. On January 17, 2024, downgrade downgraded it’s rating to Hold. Canaccord Genuity downgraded its rating to a Hold. Robert W. Baird downgraded its rating to a Neutral but $13 remained the price target by the analyst firm on July 24, 2023. In a note dated December 09, 2022, BofA Securities initiated an Neutral rating and provided a target price of $13 on this stock.
The stock price of Definitive Healthcare Corp [DH] has been fluctuating between $3.19 and $10.62 over the past year. Currently, Wall Street analysts expect the stock to reach $9.92 within the next 12 months. Definitive Healthcare Corp [NASDAQ: DH] shares were valued at $4.69 at the most recent close of the market. An investor can expect a potential return of 111.51% based on the average DH price forecast.
Analyzing the DH fundamentals
The Definitive Healthcare Corp [NASDAQ:DH] reported sales of 258.47M for trailing twelve months, representing a surge of 4.56%. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at -1.22%, Pretax Profit Margin comes in at -2.4%, and Net Profit Margin reading is -1.57%. To continue investigating profitability, this company’s Return on Assets is posted at -0.28, Equity is -0.5 and Total Capital is -0.25. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.39.
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 4.59 points at the first support level, and at 4.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.77, and for the 2nd resistance point, it is at 4.85.
Ratios To Look Out For
It’s worth pointing out that Definitive Healthcare Corp [NASDAQ:DH]’s Current Ratio is 2.31. On the other hand, the Quick Ratio is 2.31, and the Cash Ratio is 0.79. Considering the valuation of this stock, the price to sales ratio is 2.13, the price to book ratio is 0.85.
