Stock To Watch: HealthEquity, Inc. (NASDAQ:HQY)


The leading market experts have placed a mean price target of $34.50 on HealthEquity, Inc. (NASDAQ:HQY) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.11 a share for the upcoming quarter and $0.48 for the current fiscal.

Technical View

The technical analysis of HealthEquity, Inc. plainly substantiates that the 50-day moving average of HealthEquity, Inc. is $29.68, and stock is trading $-0.01 points away or -0.03% from its 50-day moving average of $29.68. Further it is trading $4.19 or +16.44% away its 200-day moving average of $25.48. HealthEquity, Inc. (NASDAQ:HQY) 52-week high is $35.78 and the 52-week low is $15.80.

This explains if the stock moves $-6.11, it will post a 52-week high. In event of +87.78% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of HealthEquity, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, HealthEquity, Inc. (NASDAQ:HQY) ratio came in at 89.64.

The stock last ended the trading session at $29.67 and registered a market cap of $1.72B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. HealthEquity, Inc. (NASDAQ:HQY) PEG ratio is at 1.84.

1 Chart Pattern Every Investor Should Know

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