Cue Health Inc (NASDAQ:HLTH) has a beta value of 1.32 and has seen 1.56 million shares traded in the last trading session. The company, currently valued at $30.47M, closed the last trade at $0.20 per share which meant it lost -$0.02 on the day or -10.82% during that session. The HLTH stock price is -1085.0% off its 52-week high price of $2.37 and 20.0% above the 52-week low of $0.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.65 million shares traded. The 3-month trading volume is 1.13 million shares.
Cue Health Inc (NASDAQ:HLTH) trade information
Sporting -10.82% in the red in last session, the stock has traded in the red over the last five days, when the HLTH stock price touched $0.20 or saw a rise of 33.33%. Year-to-date, Cue Health Inc shares have moved 20.74%, while the 5-day performance has seen it change -24.36%. Over the past 30 days, the shares of Cue Health Inc (NASDAQ:HLTH) have changed -22.91%. Short interest in the company has seen 0.86 million shares shorted with days to cover at 1.93.
Cue Health Inc (HLTH) estimates and forecasts
Figures show that Cue Health Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -66.04% over the past 6 months, with this year growth rate of 61.89%, compared to 21.60% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 46.80% and 54.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 0.80%.
2 analysts offering their estimates for the company have set an average revenue estimate of $10.1 million for the current quarter. 3 have an estimated revenue figure of $10.7 million for the next quarter concluding in Jun 2024. Year-ago sales stood $24.77 million and $9.9 million respectively for this quarter and the next, and analysts expect sales will shrink by -59.20% for the current quarter and 8.10% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -103.84% over the past 5 years.
HLTH Dividends
Cue Health Inc is expected to release its next earnings report between May 08 and May 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Cue Health Inc (NASDAQ:HLTH)’s Major holders
Insiders own 12.84% of the company shares, while shares held by institutions stand at 47.88% with a share float percentage of 54.94%. Investors are also buoyed by the number of investors in a company, with Cue Health Inc having a total of 74 institutions that hold shares in the company. The top two institutional holders are Acme, LLC with over 15.24 million shares worth more than $2.99 million. As of Dec 30, 2023, Acme, LLC held 9.86% of shares outstanding.
The other major institutional holder is Tarsadia Capital, LLC, with the holding of over 10.68 million shares as of Dec 30, 2023. The firm’s total holdings are worth over $2.1 million and represent 6.91% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Dec 30, 2023, the former fund manager holds about 1.62% shares in the company for having 2.51 million shares of worth $0.49 million while later fund manager owns 1.22 million shares of worth $0.24 million as of Dec 30, 2023, which makes it owner of about 0.79% of company’s outstanding stock.
