Get in on Bright Health Group Inc.’s (BHG) buy-in window today!

Bright Health Group Inc. (NYSE: BHG) stock jumped 0.36% on Monday to $0.94 against a previous-day closing price of $0.94. With 0.99 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.68 million shares. During the session, the Healthcare Plans company that operates in wider Healthcare sector, reached to the highest price of $0.9700 whereas the lowest price it dropped to was $0.9000. The 52-week range on BHG shows that it touched its highest point at $4.06 and its lowest point at $0.49 during that stretch. It currently has a 1-year price target of $1.80.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BHG was up-trending over the past week, with a rise of 2.52%, but this was up by 64.36% over a month. Three-month performance dropped to -9.22% while six-month performance fell -44.79%. The stock lost -65.92% in the past year, while it has gained 45.27% so far this year. A look at the trailing 12-month EPS for BHG yields -2.57 with Next year EPS estimates of -0.32. For the next quarter, that number is -0.51. This implies an EPS growth rate of -648.20% for this year and 82.00% for next year.

Float and Shares Shorts:

At present, 629.72 million BHG shares are outstanding with a float of 593.79 million shares on hand for trading. On Oct 13, 2022, short shares totaled 12.65 million, which was 2.01% higher than short shares on Sep 14, 2022. In addition to Mr. George Lawrence Mikan III as the firm’s Vice Chairman, CEO & Pres, Ms. Catherine R. Smith serves as its Chief Financial & Admin. Officer.

Institutional Ownership:

Through their ownership of 92.90% of BHG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 5.46% of BHG, in contrast to 5.01% held by mutual funds. Shares owned by individuals account for 12.90%. As the largest shareholder in BHG with 1.91% of the stake, BlackRock Fund Advisors holds 12,024,437 shares worth 12,024,437. A second-largest stockholder of BHG, The Vanguard Group, Inc., holds 11,417,264 shares, controlling over 1.81% of the firm’s shares. Partners Group AG is the third largest shareholder in BHG, holding 7,091,646 shares or 1.13% stake. With a 1.09% stake in BHG, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 6,885,777 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 0.73% of BHG stock, is the second-largest Mutual Fund holder. It holds 4,580,364 shares valued at 2.98 million. Vanguard Extended Market Index Fu holds 0.56% of the stake in BHG, owning 3,550,558 shares worth 2.31 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BHG since 9 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 3 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BHG analysts setting a high price target of $4.00 and a low target of $0.50, the average target price over the next 12 months is $1.80. Based on these targets, BHG could surge 325.53% to reach the target high and fall by -46.81% to reach the target low. Reaching the average price target will result in a growth of 91.49% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BHG will report FY 2022 earnings on 02/28/2024. Analysts have provided yearly estimates in a range of -$1.00 being high and -$1.99 being low. For BHG, this leads to a yearly average estimate of -$1.60. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Bright Health Group Inc. surprised analysts by -$0.15 when it reported -$0.50 EPS against a consensus estimate of -$0.35. The surprise factor in the prior quarter was -$0.13. Based on analyst estimates, the high estimate for the next quarter is -$0.35 and the low estimate is -$0.71. The average estimate for the next quarter is thus -$0.49.

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