Change Healthcare Inc. (NASDAQ: CHNG) established initial surge of 1.28% at $11.07, as the Stock market unbolted on June 29, 2020. During the day, the stock rose to $11.25 and sunk to $10.80 before settling in for the price of $10.93 at the close. Taking a more long-term approach, CHNG posted a 52-week range of $6.18-$17.57.
Nevertheless, stock’s Earnings Per Share (EPS) this year is -101.30%. This publicly-traded company’s shares outstanding now amounts to $323.75 million, simultaneously with a float of $287.05 million. The organization now has a market capitalization sitting at $3.60 billion. At the time of writing, stock’s 50-day Moving Average stood at $11.54, while the 200-day Moving Average is $12.88.
Change Healthcare Inc. (CHNG) Ownership Facts and Figures
Sometimes it is also beneficial to study the sentiment of large-scale investors towards the stock of the Change Healthcare Inc. industry. Change Healthcare Inc.’s current insider ownership accounts for 0.60%, in contrast to 58.14% institutional ownership. According to the most recent insider trade that took place on Jun 10, this organization’s EVP & CFO bought 100,000 shares at the rate of 12.00, making the entire transaction reach 1,200,000 in total value, affecting insider ownership by 140,000.
Change Healthcare Inc. (CHNG) Earnings and Revenue Records
Going through the last 3-months fiscal report unveiled on the 3/30/2020, it has been observed that the corporation posted $0.42 earnings per share (EPS) during the time that was better the consensus figure (set at $0.37) by $0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.2 per share during the current fiscal year.
Change Healthcare Inc.’s EPS decrease for this current 12-month fiscal period is -101.30% and is forecasted to reach 1.33 in the upcoming year.
Change Healthcare Inc. (NASDAQ: CHNG) Trading Performance Indicators
Let’s observe the current performance indicators for Change Healthcare Inc. (CHNG). It’s Quick Ratio in the last reported quarter now stands at 1.20. The Stock has managed to achieve an average true range (ATR) of 0.64. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.09. Similarly, its price to free cash flow for trailing twelve months is now 10.77.
In the same vein, CHNG’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.34, a figure that is expected to reach 0.14 in the next quarter, and analysts are predicting that it will be 1.33 at the market close of one year from today.
Technical Analysis of Change Healthcare Inc. (CHNG)
Now, what If we examine the latest scores posted by [Change Healthcare Inc., CHNG]. During the last 5-days, its volume was lower the volume of 6.43 million it reported in year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 27.68% While, its Average True Range was 0.66.
Raw Stochastic average of Change Healthcare Inc. (CHNG) in the period of the previous 100 days is set at 49.44%, which indicates a major rise in contrast to 35.82% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 76.06% that was lower than 90.50% volatility it exhibited in the past 100-days period.