As of Thursday close, Goosehead Insurance Inc’s (NASDAQ:GSHD) stock was up $0.28, moving up 0.40 percent to $69.86. The average number of shares traded per day over the past five days has been 1,672,640 shares. 3 times new highs have been achieved over the past 5 days, with a $11.40 gain in that time frame. In the last twenty days, the average volume was 508,255, while in the previous 50 days, it was 299,528.
Since last month, GSHD stock rose 8.87%. Shares of the company fell to $58.38 on 08/24/23, the lowest level in the past month. A 52-week high of $76.36 was reached on 07/27/23 after having rallying from a 52-week low of $29.23. Since the beginning of this year, GSHD’s stock price has risen by 103.44% or $35.52, and marked a new high 36 times. However, the stock has declined by -8.51% since its 52-week high.
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GSHD stock investors should be aware that Goosehead Insurance Inc (GSHD) stock had its last reported insider trading activity 2 days ago on Aug 30. Jones Serena, the Member of 10% owner group of the company, disposed of 73,000 shares for $68.19 on Aug 30. It resulted in a $4,978,050 divestment by the insider. Mark & Robyn Jones Descendants sold 50,000 shares at an average price of $68.83 on Aug 30. The insider now owns 0 shares following the transaction. On Aug 29, Member of 10% owner group Mark & Robyn Jones Descendants sold 130,603 shares at $69.62 apiece. The transaction was valued at $9,093,018.
Valuation Metrics
Right now, Goosehead Insurance Inc (GSHD) has a P/E ratio of about 267.66. The stock’s beta is 1.21. Besides these, the trailing price-to-sales (P/S) ratio of 10.64, the price-to-book (PB) ratio of 55.89, and the price-to-cash flow ratio of 160.20 may also be considered.
The latest dividend of $1.63 per share was paid out, which is 41.8% more than last year’s $1.1495.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.44, and the total debt-to-equity ratio was 2.71. In the year ended June 29, operating margins totaled 9.60%. Based on annual data, GSHD earned $199.26 million in gross profit and brought in $209.39 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.30%. Return on equity (ROE) for the past 12 months was 38.00%.
In Goosehead Insurance Inc’s quarter-end financial report for June 29, it reported total debt of $72.45 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GSHD’s revenue rose 23.47% to $57.96 million during the quarter, while net income inched up to $69.28 million. While analysts expected Goosehead Insurance Inc to report $0.28 quarterly earnings, the actual figure was $0.41 per share, beating the consensus estimate by 46.40%. During the quarter, the company generated $13.62 million in EBITDA. The liabilities of Goosehead Insurance Inc were 336.63 million at the end of its most recent quarter ended June 29, and its total debt was $150.7 million. The value of shareholders’ equity is $37.69 million.
Technical Picture
This quick technical analysis looks at Goosehead Insurance Inc’s (GSHD) price momentum. With a historical volatility rate of 72.12%, the RSI 9-day stood at 75.73% on 31 August.
With respect to its five-day moving average, the current Goosehead Insurance Inc price is up by +19.50% percent or $11.40. At present, GSHD shares trade +9.22% above its 20-day simple moving average and +33.47% percent above its 100-day simple moving average. However, the stock is currently trading approximately +15.89% above its SMA50 and +69.32% above its SMA200.
Stochastic coefficient K was 88.33% and Stochastic coefficient D was 63.42%, while ATR was 2.65. Given the Stochastic reading of 91.11% for the 14-day period, the RSI (14) reading has been calculated as 68.64%. As of today, the MACD Oscillator reading stands at 6.56, while the 14-day reading stands at 6.84.
Analyst Ratings
Credit Suisse launched its rating on Goosehead Insurance Inc (NASDAQ: GSHD) to an Outperform in a note to investors on February 06, 2023. Goosehead Insurance Inc (GSHD) has been rated Overweight by analysts. According to 0 brokerage firms, GSHD is a sell, and 4 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Goosehead Insurance Inc stock as buy, with 5 recommending it as overweight.
With a median target price of $76.00, the current consensus forecast for the stock is $41.00 – $100.00. Based on these forecasts, analysts predict Goosehead Insurance Inc (GSHD) will achieve an average price target of $72.00.
