Phreesia Inc (PHR) stock forecast: Can it reach its 52-week high of $29.16

A share price of Phreesia Inc [PHR] is currently trading at $29.29, up 8.56%. 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 PHR shares have gain 7.09% over the last week, with a monthly amount glided 16.28%, and seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Phreesia Inc [NYSE: PHR] stock has seen the most recent analyst activity on January 08, 2025, when RBC Capital Mkts upgraded its rating to a Outperform and also boosted its price target to $32 from $24. Previously, Truist started tracking the stock with Buy rating on February 26, 2024, and set its price target to $35. On January 17, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $32 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $29 on January 03, 2024. Stephens initiated its recommendation with a Overweight and recommended $37 as its price target on April 12, 2023. Needham reiterated a Buy rating for this stock on January 04, 2023, and upped its price target to $40. In a note dated December 13, 2022, Citigroup upgraded an Buy rating on this stock but restated the target price of $40.

Phreesia Inc experienced fluctuations in its stock price throughout the past year between $17.07 and $29.16. Currently, Wall Street analysts expect the stock to reach $30.75 within the next 12 months. Phreesia Inc [NYSE: PHR] shares were valued at $29.29 at the most recent close of the market. An investor can expect a potential return of 4.98% based on the average PHR price forecast.

Analyzing the PHR fundamentals

Trailing Twelve Months sales for Phreesia Inc [NYSE:PHR] were 405.14M which represents 16.57% growth. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at -0.2%, Pretax Profit Margin comes in at -0.2%, and Net Profit Margin reading is -0.2%. To continue investigating profitability, this company’s Return on Assets is posted at -0.22, Equity is -0.33 and Total Capital is -0.3. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.

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 27.14 points at the first support level, and at 24.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.40, and for the 2nd resistance point, it is at 31.51.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Phreesia Inc [NYSE:PHR] is 1.73. Further, the Quick Ratio stands at 1.73, while the Cash Ratio is 0.75. Considering the valuation of this stock, the price to sales ratio is 4.20, the price to book ratio is 6.68.

Transactions by insiders

Recent insider trading involved Hoffman Allison C, Officer, that happened on Jan 28 ’25 when 6235.0 shares were purchased. Officer, Hoffman Allison C completed a deal on Jan 27 ’25 to buy 6556.0 shares. Meanwhile, Principal Accounting Officer Hui Yvonne sold 127.0 shares on Jan 24 ’25.

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