A new trading day began on Monday, with Guardant Health Inc (NASDAQ: GH) stock price up 2.61% from the previous day of trading, before settling in for the closing price of $23.00. GH’s price has ranged from $15.81 to $37.04 over the past 52 weeks.
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Annual sales at Healthcare sector company grew by 49.27% over the past five years. Meanwhile, its annual earnings per share averaged 24.12%. With a float of $117.72 million, this company’s outstanding shares have now reached $121.63 million.
Let’s look at the performance matrix of the company that is accounted for 1779 employees. In terms of profitability, gross margin is 82.26%, operating margin of -79.43%, and the pretax margin is -76.15%.
Guardant Health Inc (GH) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Diagnostics & Research Industry. The insider ownership of Guardant Health Inc is 4.31%, while institutional ownership is 98.19%. The most recent insider transaction that took place on Jun 04 ’24, was worth 2,787. In this transaction Director of this company sold 100 shares at a rate of $27.87, taking the stock ownership to the 4,621 shares. Before that another transaction happened on Mar 18 ’24, when Company’s Chief Information Officer bought 2,187 for $17.82, making the entire transaction worth $38,963. This insider now owns 12,722 shares in total.
Guardant Health Inc (GH) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.73 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.7 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 24.12% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 29.20% during the next five years compared to -8.88% drop over the previous five years of trading.
Guardant Health Inc (NASDAQ: GH) Trading Performance Indicators
Here are Guardant Health Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 6.07. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.74.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.09, a number that is poised to hit -0.73 in the next quarter and is forecasted to reach -2.78 in one year’s time.
Technical Analysis of Guardant Health Inc (GH)
Guardant Health Inc (NASDAQ: GH) saw its 5-day average volume 1.61 million, a negative change from its year-to-date volume of 2.04 million. As of the previous 9 days, the stock’s Stochastic %D was 73.23%. Additionally, its Average True Range was 1.09.
During the past 100 days, Guardant Health Inc’s (GH) raw stochastic average was set at 20.47%, which indicates a significant decrease from 82.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.75% in the past 14 days, which was higher than the 55.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $23.11, while its 200-day Moving Average is $23.99. Nevertheless, the first resistance level for the watch stands at $24.31 in the near term. At $25.02, the stock is likely to face the second major resistance level. The third major resistance level sits at $25.71. If the price goes on to break the first support level at $22.90, it is likely to go to the next support level at $22.21. The third support level lies at $21.50 if the price breaches the second support level.
Guardant Health Inc (NASDAQ: GH) Key Stats
With a market capitalization of 3.05 billion, the company has a total of 123,022K Shares Outstanding. Currently, annual sales are 563,950 K while annual income is -479,450 K. The company’s previous quarter sales were 177,240 K while its latest quarter income was -102,630 K.
