Perhaps timely catching eHealth Inc. (EHTH) would be a good idea

With 0.57 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.25 million shares. The 52-week range on EHTH shows that it touched its highest point at $10.57 and its lowest point at $2.67 during that stretch. It currently has a 1-year price target of $10.80. Beta for the stock currently stands at 0.58.

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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 EHTH was down-trending over the past week, with a drop of -6.75%, but this was down by -15.57% over a month. Three-month performance dropped to -21.84% while six-month performance fell -11.99%. The stock gained 52.27% in the past year, while it has gained 45.66% so far this year. A look at the trailing 12-month EPS for EHTH yields -3.46 with Next year EPS estimates of -0.69. For the next quarter, that number is -1.42. This implies an EPS growth rate of 4.90% for this year and 25.80% for next year.

Float and Shares Shorts:

At present, 27.82 million EHTH shares are outstanding with a float of 26.84 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.71 million, which was 2.51% higher than short shares on Jul 30, 2023. In addition to Mr. Francis Samuel Soistman Jr. as the firm’s CEO & Director, Mr. John Joseph Stelben serves as its Sr. VP & CFO.

Institutional Ownership:

Through their ownership of 72.97% of EHTH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 51.78% of EHTH, in contrast to 46.55% held by mutual funds. Shares owned by individuals account for 17.84%. As the largest shareholder in EHTH with 9.75% of the stake, Palo Alto Investors LP holds 2,739,379 shares worth 2,739,379. A second-largest stockholder of EHTH, BlackRock Fund Advisors, holds 1,871,434 shares, controlling over 6.66% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in EHTH, holding 1,307,922 shares or 4.66% stake. With a 2.91% stake in EHTH, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 816,369 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 2.07% of EHTH stock, is the second-largest Mutual Fund holder. It holds 581,560 shares valued at 4.55 million. Vanguard Extended Market Index Fu holds 1.33% of the stake in EHTH, owning 373,139 shares worth 2.92 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, EHTH reported revenue of $50.41M and operating income of -$44.10M. The EBITDA in the recently reported quarter was -$37.39M and diluted EPS was -$1.65.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EHTH since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With EHTH analysts setting a high price target of $13.00 and a low target of $10.00, the average target price over the next 12 months is $10.80. Based on these targets, EHTH could surge 84.4% to reach the target high and rise by 41.84% to reach the target low. Reaching the average price target will result in a growth of 53.19% 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.

Summary of Insider Activity:

Insiders traded EHTH stock several times over the past three months with 0 Buys and 7 Sells. In these transactions, 0 shares were bought while 42,516 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 22 over the past year. The total number of shares bought during that period was 1,273,983 while 133,944 shares were sold.

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