Why Health Insurance Innovations, Inc. (NASDAQ:HIIQ) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $9.00 on Health Insurance Innovations, Inc. (NASDAQ:HIIQ) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.43 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Health Insurance Innovations, Inc. (NASDAQ:HIIQ) stands at 24.55.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Health Insurance Innovations, I, the PEG ratio for coming 3-5 years is 0.88.

Technical Analysis

The technical analysis highlights that Health Insurance Innovations, I current is trading $0.64 points away or +15.82% from its 50-day moving average of $4.05. Further it is trading $-0.84 or -15.23% away its 200-day moving average of $5.53.

The 52-week high of Health Insurance Innovations, Inc. (NASDAQ:HIIQ) was $8.54 while lowest point recorded in 52-week was $3.72. It implies if stock price makes a movement of over $-3.85, it will record a new 52-week high. In the case of +26.08% drop, it will touch a new 52-week low.

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