Change Healthcare Inc. [NASDAQ: CHNG] closed the trading session at $10.59 on 06/12/20. The day’s price range saw the stock hit a low of $10.39, while the highest price level was $11.25. The stocks have a year to date performance of -35.39 percent and weekly performance of -12.41 percent. The stock has been moved at -24.73 percent over the last six months. The stock has performed 1.83 percent around the most recent 30 days and changed -1.94 percent over the most recent 3-months.
If compared to the average trading volume of 6.40M shares, CHNG reached to a volume of 4185161 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Change Healthcare Inc. [CHNG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CHNG shares is $16.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CHNG stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
SVB Leerink have made an estimate for Change Healthcare Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 13, 2020. The new note on the price target was released on March 18, 2020, representing the official price target for Change Healthcare Inc. stock. Previously, the target price had yet another raise to $19, while Wells Fargo analysts kept a Overweight rating on CHNG stock.
The Average True Range (ATR) for Change Healthcare Inc. is set at 0.65, with the Price to Sales ratio for CHNG stock in the period of the last 12 months amounting to 0.98. The Price to Book ratio for the last quarter was 35.30, with the Price to Cash per share for the same quarter was set at 1.34. Price to Free Cash Flow for CHNG in the course of the last twelve months was 9.66 with Quick ratio for the last quarter at 1.20.
CHNG stock trade performance evaluation
Change Healthcare Inc. [CHNG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.41. With this latest performance, CHNG shares gained by 1.83% in over the last four-week period, additionally sinking by -24.73% over the last 6 months .
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CHNG stock in for the last two-week period is set at 38.36, with the RSI for the last a single of trading hit 29.25, and the three-weeks RSI is set at 42.40 for Change Healthcare Inc. [CHNG]. The present Moving Average for the last 50 days of trading for this stock 11.17, while it was recorded at 11.55 for the last single week of trading, and 12.96 for the last 200 days.
Change Healthcare Inc. [CHNG]: An insightful look at the core fundamentals
Change Healthcare Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.
Earnings per share (EPS) analysis for Change Healthcare Inc. [CHNG] stock
With the latest financial reports released by the company, Change Healthcare Inc. posted 0.56/share EPS, while the average EPS was predicted by analysts to be reported at 0.37/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 51.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CHNG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Change Healthcare Inc. go to 0.67%.
Change Healthcare Inc. [CHNG]: Insider Ownership positions
There are presently around $3,345 million, or 58.14% of CHNG stock, in the hands of institutional investors. The top three institutional holders of CHNG stocks are: BLACKSTONE GROUP INC with ownership of 59,620,253, which is approximately 0% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 21,437,420 shares of the stock with an approximate value of $227.02 million in CHNG stocks shares; and HELLMAN & FRIEDMAN LLC, currently with $160.24 million in CHNG stock with ownership of nearly 0% of the company’s market capitalization.
213 institutional holders increased their position in Change Healthcare Inc. [NASDAQ:CHNG] by around 189,628,249 shares. Additionally, 21 investors decreased positions by around 11,522,884 shares, while 3 investors held positions by with 114,682,603 shares. The mentioned changes placed institutional holdings at 315,833,736 shares, according to the latest SEC report filing. CHNG stock had 120 new institutional investments in for a total of 79,803,972 shares, while 12 institutional investors sold positions of 10,527,131 shares during the same period.