Cue Health Inc. (HLTH) Is A Stock You Should Watch

As of Thursday close, Cue Health Inc.’s (NASDAQ:HLTH) stock was up $0.22, moving up 4.46 percent to $5.15. The average number of shares traded per day over the past five days has been 859,180 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.95 fall in that time frame. In the last twenty days, the average volume was 582,315, while in the previous 50 days, it was 765,420.

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Since last month, HLTH stock retreated -11.82%. Shares of the company fell to $3.70 on 05/12/22, the lowest level in the past month. Since the beginning of this year, HLTH’s stock price has dropped by -61.60% or -$8.26, and marked a new high 2 times. However, the stock has declined by -77.16% since its 52-week high.

Valuation Metrics

Right now, Cue Health Inc. (HLTH) has a P/E ratio of about 22.89. Besides these, the trailing price-to-sales (P/S) ratio of 1.61, the price-to-book (PB) ratio of 1.15.

Financial Health

In the three months ended September 29, Cue Health Inc.’s quick ratio stood at 3.30, while its current ratio was 3.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.01, and the total debt-to-equity ratio was 0.01. On the profitability front, the trailing twelve-month gross margin is 57.60% percent. In the year ended September 29, operating margins totaled 11.40%. Based on annual data, HLTH earned $341.56 million in gross profit and brought in $618.11 million in revenue.

HLTH’s revenue rose 64.07% to $260.78 million during the quarter, while net income inched up to $179.41 million. While analysts expected Cue Health Inc. to report $1.48 quarterly earnings, the actual figure was $0.13 per share, beating the consensus estimate by -91.20%. During the quarter, the company generated $13.45 million in EBITDA. The liabilities of Cue Health Inc. were 258.63 million at the end of its most recent quarter ended September 29, and its total debt was $60.43 million. The value of shareholders’ equity is $147.45 million.

Technical Picture

This quick technical analysis looks at Cue Health Inc.’s (HLTH) price momentum. With a historical volatility rate of 103.37%, the RSI 9-day stood at 31.08% on 12 May.

With respect to its five-day moving average, the current Cue Health Inc. price is down by -15.57% percent or -$0.95. At present, HLTH shares trade -15.85% below its 20-day simple moving average and -47.45% percent below its 100-day simple moving average. However, the stock is currently trading approximately -49.26% below its SMA50.

Stochastic coefficient K was 17.23% and Stochastic coefficient D was 15.11%, while ATR was 0.70. Given the Stochastic reading of 40.85% for the 14-day period, the RSI (14) reading has been calculated as 34.20%. As of today, the MACD Oscillator reading stands at -0.87, while the 14-day reading stands at -1.03.


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