GoHealth Inc. (NASDAQ: GOCO) Jumps 8.11% In Recent Trade, What Does The Future Hold?

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GoHealth Inc. (NASDAQ:GOCO) price closed higher on Monday, May 02, jumping 8.11% above its previous close.

A look at the daily price movement shows that the last close reads $0.75, with intraday deals fluctuated between $0.7201 and $0.86. Taking into account the 52-week price action we note that the stock hit a 52-week high of $12.39 and 52-week low of $0.69. The stock subtracted -31.54% on its value in the past month.

GoHealth Inc., which has a market valuation of $283.87 million, is expected to release its quarterly earnings report Mar 07, 2022 – Mar 11, 2022. Analysts tracking GOCO have forecast the quarterly EPS to grow by 0.74 per share this quarter, while the same analysts predict the annual EPS to hit $0.45 for the year 2022 and up to $0.77 for 2022. In this case, analysts estimate an annual EPS growth of 304.50% for the year and 71.10% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $630.61 million, with the likely lows of $600.62 million and highs of $670.04 million. The average estimate suggests sales growth for the quarter will likely rise by 41.40% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $1.24 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 40.90% above that which the company brought in 2021.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give GOCO a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 8 analysts have assigned GOCO a recommendation rating as follows: 5 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 1 analyst(s) have tagged the GoHealth Inc. (GOCO) stock as Underweight, with 1 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that GOCO’s price is at present -14.93% off the SMA20 and -36.40% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 36.55, with weekly volatility standing at 13.82%. The indicator jumps to 10.68% when calculated based on the past 30 days. GoHealth Inc. (NASDAQ:GOCO)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.10. Considering analysts have assigned the stock a price target range of $1.00-$2.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $1.42. Based on this estimate, we see that current price is roughly -23.46% off the estimated low and -146.91% off the forecast high. Investors will no doubt be excited to see the share price fall to $1.25, which is the median consensus price, and at that level GOCO would be -54.32% from current price.

An analysis of the GoHealth Inc. (NASDAQ:GOCO) stock in terms of its daily trading volume indicates that the 3-month average is 3.97 million.

Current records show that the company has 320.84M in outstanding shares. The insiders’ percentage holdings are 1.40% of outstanding shares while the percentage share held by institutions stands at 67.40%. But the -78.69% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.