Guardant Health Inc [GH] stock prices are up 6.26% to $33.76 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The GH shares have gain 7.62% over the last week, with a monthly amount drifted -5.65%, and not seem to be holding up well over a long-time horizon.
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.
The stock price of Guardant Health Inc [GH] has been fluctuating between $15.81 and $38.53 over the past year. Currently, Wall Street analysts expect the stock to reach $41.75 within the next 12 months. Guardant Health Inc [NASDAQ: GH] shares were valued at $33.76 at the most recent close of the market. An investor can expect a potential return of 23.67% based on the average GH price forecast.
Analyzing the GH fundamentals
The Guardant Health Inc [NASDAQ:GH] reported sales of 692.26M for trailing twelve months, representing a surge of 33.87%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at -0.74%, Pretax Profit Margin comes in at -0.74%, and Net Profit Margin reading is -0.74%. To continue investigating profitability, this company’s Return on Assets is posted at -0.33, Equity is -12.4 and Total Capital is -0.38. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -19.0.
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 32.38 points at the first support level, and at 31.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.48, and for the 2nd resistance point, it is at 35.20.
Ratios To Look Out For
It’s worth pointing out that Guardant Health Inc [NASDAQ:GH]’s Current Ratio is 6.22. On the other hand, the Quick Ratio is 5.85, and the Cash Ratio is 3.49. Considering the valuation of this stock, the price to sales ratio is 6.40.
Transactions by insiders
Recent insider trading involved Tariq Musa, Director, that happened on Dec 18 ’24 when 116.0 shares were sold. Director, Tariq Musa completed a deal on Dec 18 ’24 to buy 116.0 shares. Meanwhile, Director Tariq Musa sold 2320.0 shares on Dec 13 ’24.
