What Analysts Say about the Bright Health Group Inc. (BHG) Stock

Bright Health Group Inc. (NYSE:BHG) saw a downside of -9.10% to close Friday at $7.19 after subtracting -$0.72 on the day. The 5-day average trading volume is 1,328,000 shares of the company’s common stock. It has gained $8.41 in the past week. An average of 1,510,110 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,703,198.

BHG’s 1-month performance is -25.65% or -$2.28 on its low of $7.17 reached on 10/08/21. The company’s shares have touched a 52-week low of $7.71 and high of $17.93. YTD, BHG has lost -56.79%. However, the current price is down -59.90%% from the 52-week high price.

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Valuation Metrics

Bright Health Group Inc. (BHG) has a trailing price-to-earnings (P/E) ratio of 22.90 for the broader industry and 31.93 for the sector.BHG stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.85 while the price-to-book (PB) in the most recent quarter is 2.09.

The firm’s gross profit as reported stood at $160.02 million against revenue of $1.21 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Analysts expected BHG to announce -$0.16 per share in earnings in its latest quarter, but it posted -$0.28, representing a -75.00% surprise. EBITDA for the quarter stood at more than -$59.05 million. BHG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.45 billion. Shareholders hold equity totaling $630.22 million

Technical Picture

Let’s look briefly at Bright Health Group Inc. (BHG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 22.65% to suggest the stock is trending oversold, with historical volatility in this time period at 52.30%.

The stock’s 5-day moving average is $7.82, reflecting a -12.42% or -$1.02 change from its current price. BHG is currently trading -25.49% above its 20-day SMA. However, the stock’s current price level is away from the SMA50 by -38.12%.

Stochastic %K and %D was 5.72% and 9.02% and the average true range (ATR) pointed at 0.51. The RSI (14) points at 27.86%, while the 14-day stochastic is at 0.90% with the period’s ATR at 0.52. The stock’s 9-day MACD Oscillator is pointing at -0.40 and -0.71 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Bright Health Group Inc. (NYSE: BHG), Cowen launched coverage with an Outperform rating. Analysts offering their rating for BHG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate BHG as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 7 have offered a “buy” rating.

What is BHG’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $11.00 and a high of $24.00, with their median price target at $15.00. Looking at these predictions, the average price target given by analysts is for Bright Health Group Inc. (BHG) stock is $16.20.


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