The Guardant Health, Inc. (NASDAQ:GH) is going down by -6.44% in today’s trading session, a fall equivalent to -6.72% of the stock’s price from yesterday’s market close. A news came out on 08/06/19 stating that Guardant Health Reports Second Quarter 2019 Financial Results and Raises 2019 Revenue Guidance by WSJ. The lowest point that the shares touched during the trading session was $101.3686, while the peak of the day was recorded at a share price of $105.84. GH finished the previous session at $104.36 according to the data provided by Barchart, while the trading volume was observed to be $918,277.
In the 100 days of trading, GH managed to top a 83.30% Moving average. Additionally, Guardant Health, Inc. shares have achieved a 52-week range between 27.04 and 112.21 alongside 100 days raw stochastic set at 70.89%.
The number of shares outstanding, according to the fundamentals of the company, is set at 90.59M, equal to the value of $9.45B in market capitalization. Financial analysts indicate that GH shares should be still ranked as a “Buy”. In the last 30 days, Guardant Health, Inc. shares went down by -13.02%, adding 112.21 to growth in value, on top of a +14.43% boost since 07/22/19.
Guardant Health, Inc. (NASDAQ:GH) Analyst’s Estimates
Guardant Health, Inc. (GH) could record at least -$0.38 per share in quarterly earnings in the upcoming report on 11/25/2019, a number that would actually represent a decrease of -7.30% YOY.
According to the average analyst rating, Guardant Health, Inc. would be rated as 1.33. Out of 6 different analysts monitoring GH stock, 4 analysts rate the stock as a BUY, 0 suggest to give the rating of HOLD, 2 indicate that GH is an OUTPERFORM, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERPERFORM.
On Aug-07-19, the stock earned a Reiterated rating due to a new analyst call from Canaccord Genuity, while analysts from Canaccord Genuity believe that the stock is set at Buy, as concluded on Apr-16-19. BofA/Merrill, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on Apr-10-19.
Regardless of the rating, BofA/Merrill did increase their price from $42 to $60 as they are considering target share price analysis. William Blair, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Oct-29-18, giving the stock a Outperform rating.
GH Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +52.33% has been attained, while the operating margin has been recorded at -102.54%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -18.29%. Additionally, Guardant Health, Inc. is recording price volatility of 4.14% for the period of the last seven days and 5.80% in the last 30 days.
Guardant Health, Inc. (NASDAQ:GH) Technical Outlook
For the period of the last 50 days, Guardant Health, Inc. had its Raw Stochastic average set at 53.52% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 45.72%. Stochastic %K for Guardant Health, Inc., with the last 20 days included, was set at 59.86%, having Stochastic %D topping 60.13%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends.
Guardant Health, Inc. Insider Watch:
As far as the position of shares issued by Guardant Health, Inc. (NASDAQ:GH) for the period concluded at the market close of 08/21/19, 167 institutional investors increased their positions in GH shares by 18,148,877, 46 decreased positions by 2,348,950 and 19 institutional investors decided to hold positions at 55,673,924. These numbers put the complete list of institutional holdings set at 76,171,751 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 86 institutional investments with 5,470,472 new shares in addition to having 19 institutional investors selling their positions in 1,651,388 shares.