Signify Health Inc. (NYSE:SGFY) Shares Rebounded 6.14% From Their Lows – But Can They Continue? – Marketing Sentinel
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Signify Health Inc. (NYSE:SGFY) Shares Rebounded 6.14% From Their Lows – But Can They Continue?

In last trading session, Signify Health Inc. (NYSE:SGFY) saw 1.11 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $12.87 trading at -$0.25 or -1.91% at ring of the bell on the day assigns it a market valuation of $2.88B. That closing price of SGFY’s stock is at a discount of -216.94% from its 52-week high price of $40.79 and is indicating a premium of 6.14% from its 52-week low price of $12.08. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.0 million shares which gives us an average trading volume of 1.13 million if we extend that period to 3-months.

For Signify Health Inc. (SGFY), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.10. Splitting up the data highlights that, out of 9 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.03 in the current quarter.

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Signify Health Inc. (NYSE:SGFY) trade information

Upright in the red during last session for losing -1.91%, in the last five days SGFY remained trading in the green while hitting it’s week-highest on Friday, 01/07/22 when the stock touched $12.87 price level, adding 10.13% to its value on the day. Signify Health Inc.’s shares saw a change of -9.49% in year-to-date performance and have moved 0.70% in past 5-day. Signify Health Inc. (NYSE:SGFY) showed a performance of -3.74% in past 30-days. Number of shares sold short was 6.4 million shares which calculate 5.25 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $27.00 to the stock, which implies a rise of 52.33% to its current value. Analysts have been projecting $19.00 as a low price target for the stock while placing it at a high target of $34.00. It follows that stock’s current price would drop -164.18% in reaching the projected high whereas dropping to the targeted low would mean a loss of -47.63% for stock’s current value.

Signify Health Inc. (SGFY) estimates and forecasts

This year revenue growth is estimated to rise 25.30% from the last financial year’s standing.

8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $173.15 million for the same. And 6 analysts are in estimates of company making revenue of $222.55 million in the next quarter that will end on Mar 2022.

SGFY Dividends

Signify Health Inc. is more likely to be releasing its next quarterly report between March 22 and March 28 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Signify Health Inc. (NYSE:SGFY)’s Major holders

Insiders are in possession of 5.02% of company’s total shares while institution are holding 113.32 percent of that, with stock having share float percentage of 119.30%. Investors also watch the number of corporate investors in a company very closely, which is 113.32% institutions for Signify Health Inc. that are currently holding shares of the company. New Mountain Vantage Advisers, L.L.C. is the top institutional holder at SGFY for having 139.61 million shares of worth $2.49 billion. And as of Sep 29, 2021, it was holding 81.92% of the company’s outstanding shares.

The second largest institutional holder is ARK Investment Management, LLC, which was holding about 17.93 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 10.52% of outstanding shares, having a total worth of $320.48 million.

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On the other hand, ARK ETF Tr-ARK Innovation ETF and ARK ETF Tr-ARK Genomic Revolution ETF are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 10.15 million shares of worth $163.07 million or 5.95% of the total outstanding shares. The later fund manager was in possession of 9.02 million shares on Oct 30, 2021, making its stake of worth around $144.9 million in the company or a holder of 5.29% of company’s stock.

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