A share price of Healthequity Inc [HQY] is currently trading at $89.23, up 2.62%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HQY shares have gain 2.43% over the last week, with a monthly amount glided 8.16%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Healthequity Inc [NASDAQ: HQY] stock has seen the most recent analyst activity on April 04, 2024, when JMP Securities initiated its Mkt Outperform rating and assigned the stock a price target of $101. Previously, JP Morgan reaffirmed its Overweight rating on April 02, 2024, and elevated its price target to $108. On January 03, 2024, Barclays initiated with a Overweight rating and assigned a price target of $84 on the stock. Robert W. Baird upgraded its rating to a Outperform and increased its price target to $87 on September 21, 2023. Goldman upgraded its rating to a Neutral and raised its price target to $77 on October 21, 2022. KeyBanc Capital Markets started tracking with a Overweight rating for this stock on September 16, 2022, and assigned it a price target of $85. In a note dated July 12, 2022, Goldman initiated an Sell rating and provided a target price of $59 on this stock.
Healthequity Inc experienced fluctuations in its stock price throughout the past year between $62.10 and $89.23. Currently, Wall Street analysts expect the stock to reach $97 within the next 12 months. Healthequity Inc [NASDAQ: HQY] shares were valued at $89.23 at the most recent close of the market. An investor can expect a potential return of 8.71% based on the average HQY price forecast.
Analyzing the HQY fundamentals
Trailing Twelve Months sales for Healthequity Inc [NASDAQ:HQY] were 1.10B which represents 23.15% growth. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.05 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.52.
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 87.20 points at the first support level, and at 85.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 90.42, and for the 2nd resistance point, it is at 91.61.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Healthequity Inc [NASDAQ:HQY] is 4.10. Further, the Quick Ratio stands at 4.10, while the Cash Ratio is 2.7. Considering the valuation of this stock, the price to sales ratio is 7.09, the price to book ratio is 3.61 and price to earnings (TTM) ratio is 74.34.
Transactions by insiders
Recent insider trading involved SELANDER ROBERT W, Director, that happened on Oct 09 ’24 when 8250.0 shares were sold. Director, ROBERT SELANDER completed a deal on Oct 09 ’24 to buy 8250.0 shares. Meanwhile, Officer Stephen Neeleman bought 739.0 shares on Oct 03 ’24.
