In last trading session, Tabula Rasa HealthCare Inc. (NASDAQ:TRHC) saw 0.12 million shares changing hands with its beta currently measuring 1.63. Company’s recent per share price level of $3.84 trading at $0.02 or 0.52% at ring of the bell on the day assigns it a market valuation of $103.03M. That closing price of TRHC’s stock is at a discount of -338.02% from its 52-week high price of $16.82 and is indicating a premium of 45.57% from its 52-week low price of $2.09. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.11 million shares which gives us an average trading volume of 110.84K if we extend that period to 3-months.
For Tabula Rasa HealthCare Inc. (TRHC), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.40. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.11 in the current quarter.
Tabula Rasa HealthCare Inc. (NASDAQ:TRHC) trade information
Upright in the green during last session for gaining 0.52%, in the last five days TRHC remained trading in the green while hitting it’s week-highest on Wednesday, 11/23/22 when the stock touched $3.84 price level, adding 7.47% to its value on the day. Tabula Rasa HealthCare Inc.’s shares saw a change of -74.40% in year-to-date performance and have moved 1.59% in past 5-day. Tabula Rasa HealthCare Inc. (NASDAQ:TRHC) showed a performance of 9.09% in past 30-days. Number of shares sold short was 1.45 million shares which calculate 12.65 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $6.08 to the stock, which implies a rise of 36.84% to its current value. Analysts have been projecting $4.00 as a low price target for the stock while placing it at a high target of $10.00. It follows that stock’s current price would drop -160.42% in reaching the projected high whereas dropping to the targeted low would mean a loss of -4.17% for stock’s current value.
Tabula Rasa HealthCare Inc. (TRHC) estimates and forecasts
Statistics highlight that Tabula Rasa HealthCare Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 18.15% of value to its shares in past 6 months, showing an annual growth rate of -272.73% while that of industry is -4.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -175.00% in the current quarter and calculating 11.10% increase in the next quarter. This year revenue growth is estimated to fall -12.60% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $74.02 million for the same. And 6 analysts are in estimates of company making revenue of $75.75 million in the next quarter that will end on Dec 2022. Company posted $86.59 million and $85.69 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -14.50% while estimating it to be -11.60% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -52.50% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 8.50% while estimates for its earnings growth in next 5 years are of 30.00%.
Tabula Rasa HealthCare Inc. is more likely to be releasing its next quarterly report between February 22 and February 27 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.
Tabula Rasa HealthCare Inc. (NASDAQ:TRHC)’s Major holders
Insiders are in possession of 10.16% of company’s total shares while institution are holding 71.64 percent of that, with stock having share float percentage of 79.74%. Investors also watch the number of corporate investors in a company very closely, which is 71.64% institutions for Tabula Rasa HealthCare Inc. that are currently holding shares of the company. Indaba Capital Management, L.P. is the top institutional holder at TRHC for having 5.17 million shares of worth $13.28 million. And as of Jun 29, 2022, it was holding 19.69% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 1.35 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 5.13% of outstanding shares, having a total worth of $3.46 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 0.7 million shares of worth $1.81 million or 2.68% of the total outstanding shares. The later fund manager was in possession of 0.32 million shares on Jun 29, 2022, making its stake of worth around $0.83 million in the company or a holder of 1.23% of company’s stock.