Home  »  Technologies   »  After A Decline Of -566.67% From The High, Can Bri...

After A Decline Of -566.67% From The High, Can Bright Health Group Inc. (NYSE: BHG) Recover Quickly?

Bright Health Group Inc. (NYSE:BHG)’s traded shares stood at 2.45 million during the last session. At the close of trading, the stock’s price was $0.36, to imply an increase of 1.28% or $0.0 in intraday trading. The BHG share’s 52-week high remains $2.40, putting it -566.67% down since that peak but still an impressive 5.56% since price per share fell to its 52-week low of $0.34. The company has a valuation of $236.50M, with an average of 4.98 million shares in intraday trading volume over the past 10 days and average of 2.11 million shares over the past 3 months.

Bright Health Group Inc. (NYSE:BHG) trade information

After registering a 1.28% upside in the last session, Bright Health Group Inc. (BHG) has traded red over the past five days. The stock hit a weekly high of 0.4769 this Wednesday, 03/15/23, jumping 1.28% in its intraday price action. The 5-day price performance for the stock is -20.32%, and -56.55% over 30 days. With these gigs, the year-to-date price performance is -44.18%. Short interest in Bright Health Group Inc. (NYSE:BHG) saw shorts transact 11.06 million shares and set a 7.22 days time to cover.

Do You Know The Best Place To Find Gains In Volatile Markets?

In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.

Click here for full details and to join for free.


Bright Health Group Inc. (BHG) estimates and forecasts

Looking at statistics comparing Bright Health Group Inc. share performance against respective industry, we note that the company has outperformed competitors. Bright Health Group Inc. (BHG) shares are -76.13% down over the last 6 months, with its year-to-date growth rate higher than industry average at 70.37% against 0.90%. Revenue is forecast to grow 60.50% this quarter before jumping 78.10% for the next one. The rating firms project that company’s revenue will grow 68.30% compared to the previous financial year.

Revenue forecast for the current quarter as set by 6 analysts is $1.73 billion. Meanwhile, for the quarter ending Mar 2023, a total of 4 analyst(s) estimate revenue growth to $799.24 million.Earnings reports from the last fiscal year show that sales brought in $962.33 million and $1.84 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 79.70% before dropping -56.50% in the following quarter.

BHG Dividends

Bright Health Group Inc. has its next earnings report out on March 01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Bright Health Group Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Bright Health Group Inc. (NYSE:BHG)’s Major holders

Bright Health Group Inc. insiders hold 5.93% of total outstanding shares, with institutional holders owning 94.41% of the shares at 100.37% float percentage. In total, 94.41% institutions holds shares in the company, led by NEA Management Company, LLC. As of Sep 29, 2022, the company held over 218.21 million shares (or 34.65% of shares), all amounting to roughly $229.12 million.

The next major institution holding the largest number of shares is Deer Management Co. LLC with 79.31 million shares, or about 12.60% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $83.28 million.

We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Bright Health Group Inc. (BHG) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 6.89 million shares. This is just over 1.09% of the total shares, with a market valuation of $7.23 million. Data from the same date shows that the other fund manager holds a little less at 4.68 million, or 0.74% of the shares, all valued at about 3.04 million.

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts