HealthEquity Inc. (NASDAQ:HQY) went down by -1.26% during the previous trading session, and it is maintaining the win ahead of Friday’s trading session. The share price of the Health Information Services giant went up by $60.47 to trade ended Friday trading at $61.24. This is down from the $61.24 price recorded on Thursday’s trading session. Thanks to this latest performance, HQY is closer to the higher price 52-week target of $75.00 and further from the lowest price target of $47.00. Its performance from the start of the year has also been negative, with HQY down by -18.36% year-to-date.
HealthEquity Inc. (HQY) started the day trading at $62.11 and recorded an intraday high of $63.98. It also recorded an intraday low of $60.13 during Friday’s trading session. HealthEquity Inc. is a very active stock that recorded a trading volume that is more than 15.68% of the average daily trading volume on Friday. The stock’s trading volume on Friday was 1178988, which is more than 15.68 of the total average daily trading volume of 994.07K.
HealthEquity Inc. (NASDAQ:HQY) 2020 Performance Impressive
The increase in HQY’s stock price on Friday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of HQY currently stands at $88.78, which is higher than the current trading price of the stock by 31.89%. However, HQY’s current trading price is -75.78% lower than the 52-week low price of $34.40. In terms of trading volume, HealthEquity Inc. currently experienced healthy participation during the last trading session. 1178988 shares of HealthEquity Inc. were traded on the stock exchange on Friday, which is more than 15.68% of the 994.07K average trading volume of the stock.
The performance of the stock has been positive over the past year. HQY’s performance over the past one year has seen it plunge by -10.61%, while the stock has gone down by -20.58% in the last six months. The quarterly performance of HQY currently stands at 36.47%, and it is up by 6.99% in the last month. The only positive figure was from the weekly performance, which currently reads 4.57%. At the time of writing HQY’s report, the company has a total market cap of $4.37B, making it one of the largest publicly-traded companies in the world.HealthEquity Inc. also has over 2931 employees all over the world.
HQY Insider Activities
The insider transactions over the past six months are up by 19.30%.For HealthEquity Inc. insiders bought 404,210 shares in 41 transactions. In that same period, insiders sold 329,415 of their shares in 33 transactions. After these transactions, insiders at HealthEquity Inc. now hold 1.8M shares, which is over 100.48% of the total company stocks. Institutional investors currently hold a large chunk of the HQY shares, as they control 2.52% of the company’s total stock.
HQY Fundamental Analysis
For HealthEquity Inc., the stock’s diluted earnings per share (EPS) stands at 0.02. In the coming year, analysts expect the EPS to be 1.63. The EPS growth will up over the next five years to 16.99% after surging by 20.00% in the previous five years. In terms of revenue, HealthEquity Inc.’s quarterly sales (YOY) is growing at 0.28, which is lower than the average annual revenue of 20.00% over the past half a decade.
The Return on Investment (ROI) on HealthEquity Inc.’s stock currently stands at 1.50%, and it has a net profit margin of -0.10%. The operating margin of the company is 3.90%, and its gross margin is 59.30%.
HQY Analysts Prediction
Another analyst that has a Outperform rating for HQY is Barrington Research, which set a price target of between $86 and $65. and Raymond James reiterate their Strong Buy position on the stock ($90 and $80).
Chardan Capital Markets and BofA/Merrill also believe that HealthEquity Inc.’s stock is outperforming at the moment. HQY received a positive rating from BofA/Merrill, which set a price target of $83-$75 for the stock.
At the moment, HealthEquity Inc.’s Total Debt to Equity ratio stands at 1.17, and they have a long-term Debt to Equity ratio of 1.12.
HQY Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of HQY currently stands at -1.02%, while the SMA50 is 8.60%. The biggest one is the SMA200, which is currently reading -1.11% ahead of Friday’s trading session. The Relative Strength Index of this stock is 52.84, while its price to earnings ratio (P/E) is 3023.50.