At the time of writing, Definitive Healthcare Corp [DH] stock is trading at $4.74, up 6.76%. An important factor to consider is whether the stock is rising or falling in short-term value. The DH shares have gain 13.94% over the last week, with a monthly amount glided 17.91%, 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 September 17, 2024, when BTIG Research initiated its Buy rating and assigned the stock a price target of $7. Previously, JP Morgan downgraded its rating to Underweight on July 31, 2024, and dropped its price target to $5. On May 08, 2024, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $9 on the stock. Needham downgraded its rating to a Hold. Canaccord Genuity downgraded its rating to a Hold. Robert W. Baird downgraded its rating to Neutral for this stock on July 24, 2023, but kept the price target unchanged to $13. In a note dated April 19, 2023, William Blair initiated an Outperform rating.
For the past year, the stock price of Definitive Healthcare Corp fluctuated between $3.19 and $10.62. Currently, Wall Street analysts expect the stock to reach $9.5 within the next 12 months. Definitive Healthcare Corp [NASDAQ: DH] shares were valued at $4.74 at the most recent close of the market. An investor can expect a potential return of 100.42% based on the average DH price forecast.
Analyzing the DH fundamentals
According to Definitive Healthcare Corp [NASDAQ:DH], the company’s sales were 258.47M for trailing twelve months, which represents an 4.56% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.39.
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 4.56 points at the first support level, and at 4.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.96, and for the 2nd resistance point, it is at 5.18.
Ratios To Look Out For
It is important to note that Definitive Healthcare Corp [NASDAQ:DH] has a current ratio of 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 2.15, the price to book ratio is 0.86.
