Is Wall Street High Or Low On Signify Health Inc. (SGFY)?

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SNOW Stock

Signify Health Inc. (NYSE:SGFY) finished Thursday with a subtraction of -$0.08 to close at $29.22, a downside of -0.27 percent. An average of 7,575,220 shares of common stock have been traded in the last five days. There was a fall of -$0.01 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 7,222,255 shares traded, while the 50-day average volume stands at 4,575,646.

SGFY stock has increased by 5.56% in the last month. The company shares reached their 1-month lowest point of $27.36 on 08/30/22. With the stock rallying to its 52-week high on 08/22/22, shares of the company touched a low of $10.70 and a high of $29.88 in 52 weeks. It has reached a new high 18 times so far this year and achieved 105.49% or $15.00 in price. In spite of this, the price is down -2.21% from the 52-week high.


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Valuation Metrics

Signify Health Inc. (SGFY) has a trailing price-to-sales (P/S) ratio at 8.35, the price-to-book (PB) ratio at 6.39, and the price-to-cash flow ratio at 355.50.

Financial Health

The quick ratio of Signify Health Inc. for the three months ended March 30 was 5.20, and the current ratio was 5.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.41 and a total debt to equity ratio of 0.42 for the quarter ending March 30. Its gross profit as reported stood at $729.8 million compared to revenue of $773.4 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, Signify Health Inc.’s return on assets was -16.30%.

Earnings Surprise

For the three-month period that ended March 30, Signify Health Inc. had $334.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$370.5 million in the quarter, while revenues were grew 100.0%. The analyst consensus anticipated Signify Health Inc.’s latest quarter earnings to come in at $0.04 per share, but it turned out to be -$0.06, a -250.00% surprise. For the quarter, EBITDA amounted to -$485.2 million. Shareholders own equity worth $234.44 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Signify Health Inc. (SGFY) price momentum. RSI 9-day as of the close on 22 September was 74.07%, suggesting the stock is Overbought, with historical volatility in this time frame at 3.15%.

As of today, SGFY’s price is $29.25 -0.03% or -$0.01 from its 5-day moving average. SGFY is currently trading +4.28% higher than its 20-day SMA and +111.74% higher than its 100-day SMA. However, the stock’s current price level is +85.64% above the SMA50 and +102.49% above the SMA200.

The stochastic %K and %D were 89.14% and 91.43%, respectively, and the average true range (ATR) was 0.38. With the 14-day stochastic at 79.00% and the average true range at 0.55, the RSI (14) stands at 76.11%. The stock has reached 0.06 on the 9-day MACD Oscillator while the 14-day reading was at 0.11.

Analyst Ratings

BTIG Research launched coverage on Signify Health Inc. (NYSE: SGFY) in its analyst report released on August 31, 2022. The firm assigned the stock a Buy rating. The consensus rating for Signify Health Inc. (SGFY) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SGFY, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 0 others rate it as a “buy”.

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

Analysts predict a range of price targets between $21.00 and $31.00, with a median target of $30.50. Taking a look at these predictions, the average price target given by analysts for Signify Health Inc. (SGFY) stock is $28.56.

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