What You Need To Know About Hippo Holdings Inc. (HIPO)

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Hippo Holdings Inc. (NYSE:HIPO) finished Wednesday with a subtraction of -$0.01 to close at $0.83, a downside of -0.88 percent. An average of 6,697,060 shares of common stock have been traded in the last five days. There was a fall of -$0.0975 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 4,304,475 shares traded, while the 50-day average volume stands at 3,614,984.

HIPO stock has decreased by -1.35% in the last month. The company shares reached their 1-month lowest point of $0.8300 on 09/21/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $0.73 and a high of $5.09 in 52 weeks. It has reached a new high 1 time so far this year and lost -70.58% or -$1.9975 in price. In spite of this, the price is down -83.64% from the 52-week high.


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Valuation Metrics

Hippo Holdings Inc. (HIPO) has a trailing price-to-sales (P/S) ratio at 4.54, the price-to-book (PB) ratio at 0.63.

Financial Health

Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at -$367.2 million compared to revenue of $91.2 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Hippo Holdings Inc.’s return on assets was -14.10%.

Earnings Surprise

The analyst consensus anticipated Hippo Holdings Inc.’s latest quarter earnings to come in at -$0.11 per share, but it turned out to be -$0.13, a -18.20% surprise. For the quarter, EBITDA amounted to -$68.5 million. At the end of the quarter ending June 29, Hippo Holdings Inc.’s stock balance sheet showed total debt was $21.7 million. Shareholders own equity worth $572.37 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Hippo Holdings Inc. (HIPO) price momentum. RSI 9-day as of the close on 21 September was 31.94%, suggesting the stock is Neutral, with historical volatility in this time frame at 38.29%.

As of today, HIPO’s price is $0.8661 -10.48% or -$0.0975 from its 5-day moving average. HIPO is currently trading -6.18% lower than its 20-day SMA and -55.95% lower than its 100-day SMA. However, the stock’s current price level is +1.45% above the SMA50 and -73.15% below the SMA200.

The stochastic %K and %D were 9.77% and 14.56%, respectively, and the average true range (ATR) was 0.0762. With the 14-day stochastic at 1.09% and the average true range at 0.0775, the RSI (14) stands at 38.95%. The stock has reached -0.0688 on the 9-day MACD Oscillator while the 14-day reading was at -0.0861.

Analyst Ratings

JMP Securities launched coverage on Hippo Holdings Inc. (NYSE: HIPO) in its analyst report released on February 09, 2022. The firm assigned the stock a Mkt outperform rating. The consensus rating for Hippo Holdings Inc. (HIPO) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell HIPO, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

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

Analysts predict a range of price targets between $2.06 and $4.00, with a median target of $3.50. Taking a look at these predictions, the average price target given by analysts for Hippo Holdings Inc. (HIPO) stock is $3.27.

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