Why HealthEquity, Inc. (NASDAQ:HQY) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $34.83 on HealthEquity, Inc. (NASDAQ:HQY) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.48 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 HealthEquity, Inc. (NASDAQ:HQY) stands at 101.63.

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 HealthEquity, Inc., the PEG ratio for coming 3-5 years is 2.15.

Technical Analysis

The technical analysis highlights that HealthEquity, Inc. current is trading $3.70 points away or +12.35% from its 50-day moving average of $29.94. Further it is trading $7.19 or +27.18% away its 200-day moving average of $26.45.

The 52-week high of HealthEquity, Inc. (NASDAQ:HQY) was $35.78 while lowest point recorded in 52-week was $15.80. It implies if stock price makes a movement of over $-2.14, it will record a new 52-week high. In the case of +112.91% drop, it will touch a new 52-week low.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

Click Here to See This Now.

(Visited 15 times, 1 visits today)