During the recent session, Guardant Health Inc (NASDAQ:GH)’s traded shares were 0.66 million, with the beta value of the company hitting 1.35. At the last check today, the stock’s price was $46.93, reflecting an intraday loss of -0.57% or -$0.27. The 52-week high for the GH share is $49.86, that puts it down -6.24 from that peak though still a striking 66.31% gain since the share price plummeted to a 52-week low of $15.81. The company’s market capitalization is $5.80B, and the average intraday trading volume over the past 10 days was 2.93 million shares, and the average trade volume was 2.05 million shares over the past three months.
Guardant Health Inc (GH) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.44. GH has a Sell rating from 0 analyst(s) out of 13 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 13 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 -0.52.
Guardant Health Inc (NASDAQ:GH) trade information
Guardant Health Inc (GH) registered a -0.57% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.57% in intraday trading to $46.93, hitting a weekly high. The stock’s 5-day price performance is 25.14%, and it has moved by 50.75% in 30 days. Based on these gigs, the overall price performance for the year is 102.19%. The short interest in Guardant Health Inc (NASDAQ:GH) is 7.79 million shares and it means that shorts have 5.27 day(s) to cover.
The consensus price target of analysts on Wall Street is $40, which implies a decrease of -17.32% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $37 and $50 respectively. As a result, GH is trading at a discount of -6.54% off the target high and 21.16% off the low.
Guardant Health Inc (GH) estimates and forecasts
Statistics show that Guardant Health Inc has outperformed its competitors in share price, compared to the industry in which it operates. Guardant Health Inc (GH) shares have gone up 43.60% during the last six months, with a year-to-date growth rate more than the industry average at 55.84% against 16.50. In the rating firms’ projections, revenue will increase 28.87% 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 190.7M as predicted by 17 analyst(s). Meanwhile, a consensus of 15 analyst(s) estimates revenue growth to 190.74M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 155.05M and 168.49M respectively. In this case, analysts expect current quarter sales to grow by 22.99% and then jump by 13.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -8.88%. While earnings are projected to return 22.07% in 2025, the next five years will return -5.00% per annum.
GH Dividends
Guardant Health Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Guardant Health Inc (NASDAQ:GH)’s Major holders
Guardant Health Inc insiders own 4.67% of total outstanding shares while institutional holders control 105.16%, with the float percentage being 110.31%. VANGUARD GROUP INC is the largest shareholder of the company, while 383.0 institutions own stock in it. As of 2024-06-30, the company held over 11.64 million shares (or 9.5609% of all shares), a total value of $336.07 million in shares.
The next largest institutional holding, with 11.24 million shares, is of BLACKROCK INC.’s that is approximately 9.2332% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $324.55 million.
Also, the Mutual Funds coming in first place with the largest holdings of Guardant Health Inc (GH) shares are Vanguard Specialized-Health Care Fund and Vanguard Total Stock Market Index Fund. Data provided on Oct 31, 2024 indicates that Vanguard Specialized-Health Care Fund owns about 8.33 shares. This amounts to just over 6.74 percent of the company’s overall shares, with a $396.14 million market value. The same data shows that the other fund manager holds slightly less at 3.67, or about 2.97% of the stock, which is worth about $174.34 million.
