Change Healthcare Inc. [CHNG] Revenue clocked in at $3.14 billion, down -7.02% YTD: What’s Next?

Change Healthcare Inc. [NASDAQ: CHNG] closed the trading session at $15.24 on 11/04/20. The day’s price range saw the stock hit a low of $14.59, while the highest price level was $15.40.

The stocks have a year to date performance of -7.02 percent and weekly performance of 8.09 percent. The stock has been moved at 32.52 percent over the last six months. The stock has performed 2.76 percent around the most recent 30 days and changed 16.51 percent over the most recent 3-months.

If compared to the average trading volume of 2.49M shares, CHNG reached to a volume of 3155813 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 $18.06 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 1.60. 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.

Citigroup have made an estimate for Change Healthcare Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 14, 2020. The new note on the price target was released on April 13, 2020, representing the official price target for Change Healthcare Inc. stock. Previously, the target price had yet another raise to $20, while Raymond James analysts kept a Strong Buy rating on CHNG stock.

The Average True Range (ATR) for Change Healthcare Inc. is set at 0.53, with the Price to Sales ratio for CHNG stock in the period of the last 12 months amounting to 1.49. The Price to Book ratio for the last quarter was 1.51, with the Price to Cash per share for the same quarter was set at 0.58. Price to Free Cash Flow for CHNG in the course of the last twelve months was 11.13 with Quick ratio for the last quarter at 1.30.

CHNG stock trade performance evaluation

Change Healthcare Inc. [CHNG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.09. With this latest performance, CHNG shares gained by 2.76% in over the last four-week period, additionally plugging by 32.52% over the last 6 months – not to mention a rise of 18.23% in the past year of trading.

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 58.74, with the RSI for the last a single of trading hit 62.14, and the three-weeks RSI is set at 58.18 for Change Healthcare Inc. [CHNG]. The present Moving Average for the last 50 days of trading for this stock 14.50, while it was recorded at 14.53 for the last single week of trading, and 12.66 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 1.30 and a Current Ratio set at 1.30.

Earnings per share (EPS) analysis for Change Healthcare Inc. [CHNG] stock

With the latest financial reports released by the company, Change Healthcare Inc. posted 0.27/share EPS, while the average EPS was predicted by analysts to be reported at 0.27/share. 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 3.99%.

Change Healthcare Inc. [CHNG]: Insider Ownership positions

There are presently around $4,828 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 0.60% of the total institutional ownership; VANGUARD GROUP INC, holding 20,618,877 shares of the stock with an approximate value of $314.23 million in CHNG stocks shares; and EMINENCE CAPITAL, LP, currently with $243.74 million in CHNG stock with ownership of nearly 67.602% of the company’s market capitalization.

151 institutional holders increased their position in Change Healthcare Inc. [NASDAQ:CHNG] by around 54,198,028 shares. Additionally, 94 investors decreased positions by around 52,170,816 shares, while 24 investors held positions by with 210,421,015 shares. The mentioned changes placed institutional holdings at 316,789,859 shares, according to the latest SEC report filing. CHNG stock had 52 new institutional investments in for a total of 13,187,814 shares, while 34 institutional investors sold positions of 14,743,953 shares during the same period.

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