The stock of Guardant Health Inc. (NASDAQ:GH) increased by $1.58 on Wednesday to $40.58, up 4.05 percent. The last five days have seen an average of 849,458 shares of common stock traded. 21 times new highs were reached in the current year, with a gain of $12.83. The average number of shares traded over the last 20 days was 1,225,294, while the average volume over the last 50 days totaled 1,595,788.
GH stock appreciated 6.80% since last month. On 08/17/23, the company’s shares reached a one-month low of $34.51. The stock touched a high of $62.75 on 08/30/23, after rallying from a low of $20.67 in 52 weeks. The price of GH stock has risen by 49.19% or $12.83 this year, reaching a new high 21 times. Still, the stock price is down -35.33% from the 52-week high.
Insider Transactions
GH stock investors should be aware that Guardant Health Inc. (GH) stock had its last reported insider trading activity 76 days ago on Jun 15. On Jun 15, Director Joyce Meghan V. sold 2,766 shares at $37.55 each. This transaction resulted in the insider making $103,863. On Jun 09, Kalia Kumud added 2,981 shares at a price of US$32.71. After the transaction, the insider now owns 5,193 shares. Co-Chief Executive Officer Eltoukhy Helmy had earlier bought 8,600 shares on Mar 15 for $26.15 a share. The transaction was completed for $224,928.
Valuation Metrics
Beta for the stock is 0.86. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 9.20, the price-to-book (PB) ratio of 15.09.
Financial Health
For the three months ended June 29, Guardant Health Inc.’s quick ratio was 6.70, while its current ratio was 7.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 3.89, and the total debt to equity ratio is 3.89. As far as profitability goes, gross margin for the trailing twelve months is 61.90% percent. Based on annual data, it had gross profit of $293.21 million and revenue of $449.54 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GH’s return on assets (ROA) during the last 12 months has been -30.50%. There was a -46.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -427.90%.
Earnings Surprise
According to Guardant Health Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $137.15 million, while revenues rose by 20.42% to $128.71 million. It was predicted that Guardant Health Inc.’s quarterly earnings would be -$0.67, but it ended up being -$1.17, beating the consensus by 42.70%. EBITDA was -$110.42 million for the quarter. At the end of Guardant Health Inc.’s most recent quarter ended June 29, its liabilities totaled 1.55 billion, while its total debt was $1.36 billion. Equity owned by shareholders amounts to $117.69 million.
Technical Picture
Here’s a quick look at Guardant Health Inc.’s (GH) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 69.26%, suggesting the stock is Neutral, with a 35.74% historical volatility rate.
The stochastic %K and %D were 91.16% and 88.54% respectively, while the average true range (ATR) was 1.45. Based on the 14-day stochastic reading of 96.75%, the RSI (14) reading is 63.69%. On the 9-day MACD Oscillator, the stock is at 1.00, and the 14-day reading is at 1.92.
Analyst Ratings
Analysts have assigned Guardant Health Inc. (GH) an Buy rating. GH is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 17 others recommend it as a buy.
What is GH’s price target for the next 12 months?
The current consensus forecast for the stock is between $40.00 and $85.00, with a median target price of $53.00. In analyzing these forecasts, the average price target given by analysts for Guardant Health Inc. (GH) is $55.24.
