Cue Health Inc. (NASDAQ: HLTH) on June 28, 2022, started off the session at the price of $3.70, plunging -9.04% from the previous trading day. During the day, the shares moved up to $3.91 and dropped to $3.41 before settling in for the closing price of $3.76. Within the past 52 weeks, HLTH’s price has moved between $3.70 and $22.55.
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The company achieved an average annual earnings per share of 278.90%. With a float of $125.02 million, this company’s outstanding shares have now reached $147.45 million.
Let’s determine the extent of company efficiency that accounts for 1585 employees. In terms of profitability, gross margin is +55.26, operating margin of +30.77, and the pretax margin is +19.28.
Cue Health Inc. (HLTH) Insider Activity
Observing investor behavior towards Health Information Services industry stocks is more important than anything else. The insider ownership of Cue Health Inc. is 12.90%, while institutional ownership is 44.20%.
Cue Health Inc. (HLTH) Earnings and Forecasts
As on 3/30/2022, Multinational firm has announced its last quarter scores, in which it reported $0.02 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.05) by $0.07. This company achieved a net margin of +5.36 while generating a return on equity of 8.47. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.42 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 278.90% per share during the next fiscal year.
Cue Health Inc. (NASDAQ: HLTH) Trading Performance Indicators
Cue Health Inc. (HLTH) is currently performing well based on its current performance indicators. A quick ratio of 3.00 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.85.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.51, a number that is poised to hit -0.46 in the next quarter and is forecasted to reach -1.36 in one year’s time.
Technical Analysis of Cue Health Inc. (HLTH)
Looking closely at Cue Health Inc. (NASDAQ: HLTH), its last 5-days average volume was 3.27 million, which is a jump from its year-to-date volume of 0.86 million. As of the previous 9 days, the stock’s Stochastic %D was 8.66%. Additionally, its Average True Range was 0.43.
During the past 100 days, Cue Health Inc.’s (HLTH) raw stochastic average was set at 0.12%, which indicates a significant decrease from 0.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 88.19% in the past 14 days, which was lower than the 91.31% volatility it showed in the past 100 days.
However, in the short run, Cue Health Inc.’s stock first resistance to watch stands at $3.75. Second resistance stands at $4.08. The third major resistance level sits at $4.25. If the price goes on to break the first support level at $3.25, it is likely to go to the next support level at $3.08. Should the price break the second support level, the third support level stands at $2.75.
Cue Health Inc. (NASDAQ: HLTH) Key Stats
Market capitalization of the company is 523.33 million based on 147,453K outstanding shares. Right now, sales total 618,110 K and income totals 86,420 K. The company made 179,410 K in profit during its latest quarter, and 2,800 K in sales during its previous quarter.
