During the last session, Health Catalyst Inc (NASDAQ:HCAT)’s traded shares were 0.49 million, with the beta value of the company hitting 1.29. At the end of the trading day, the stock’s price was $8.13, reflecting an intraday gain of 6.14% or $0.47. The 52-week high for the HCAT share is $11.41, that puts it down -40.34 from that peak though still a striking 33.33% gain since the share price plummeted to a 52-week low of $5.42. The company’s market capitalization is $494.69M, and the average intraday trading volume over the past 10 days was 0.54 million shares, and the average trade volume was 483.15K shares over the past three months.
Health Catalyst Inc (HCAT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.73. HCAT has a Sell rating from 0 analyst(s) out of 11 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.08.
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Health Catalyst Inc (NASDAQ:HCAT) trade information
Health Catalyst Inc (HCAT) registered a 6.14% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 6.14% in intraday trading to $8.13, hitting a weekly high. The stock’s 5-day price performance is 6.27%, and it has moved by 4.50% in 30 days. Based on these gigs, the overall price performance for the year is 5.31%. The short interest in Health Catalyst Inc (NASDAQ:HCAT) is 2.84 million shares and it means that shorts have 6.87 day(s) to cover.
The consensus price target of analysts on Wall Street is $24.5, which implies an increase of 66.82% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7 and $60 respectively. As a result, HCAT is trading at a discount of -638.01% off the target high and 13.9% off the low.
Health Catalyst Inc (HCAT) estimates and forecasts
Statistics show that Health Catalyst Inc has outperformed its competitors in share price, compared to the industry in which it operates. Health Catalyst Inc (HCAT) shares have gone up 20.80% during the last six months, with a year-to-date growth rate more than the industry average at 140.00% against 25.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 318.90% this quarter and then jump 79.50% in the quarter after that. In the rating firms’ projections, revenue will increase 3.96% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 80.68M as predicted by 14 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 83.07M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 75.08M and 74.72M respectively. In this case, analysts expect current quarter sales to grow by 7.46% and then jump by 11.17% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 7.69%. While earnings are projected to return 111.94% in 2024.
HCAT Dividends
Health Catalyst Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Health Catalyst Inc (NASDAQ:HCAT)’s Major holders
Health Catalyst Inc insiders own 2.78% of total outstanding shares while institutional holders control 90.70%, with the float percentage being 93.29%. BLACKROCK INC. is the largest shareholder of the company, while 229.0 institutions own stock in it. As of 2024-06-30, the company held over 5.43 million shares (or 9.2722% of all shares), a total value of $34.72 million in shares.
The next largest institutional holding, with 4.53 million shares, is of VANGUARD GROUP INC’s that is approximately 7.7263% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $28.93 million.
Also, the Mutual Funds coming in first place with the largest holdings of Health Catalyst Inc (HCAT) shares are Pax World Small Cap Fund and Primecap Odyssey Aggressive Growth Fund . Data provided on Jun 30, 2024 indicates that Pax World Small Cap Fund owns about 2.15 shares. This amounts to just over 3.54 percent of the company’s overall shares, with a $17.52 million market value. The same data shows that the other fund manager holds slightly less at 2.12, or about 3.49% of the stock, which is worth about $17.27 million.
