Change Healthcare Inc. [CHNG] is 13.40% higher this YTD. Is it still time to buy?

Change Healthcare Inc. [NASDAQ: CHNG] closed the trading session at $21.15 on 08/05/21. The day’s price range saw the stock hit a low of $20.80, while the highest price level was $21.57. The company report on August 5, 2021 that Change Healthcare Releases End-to-End, Cloud-Native Solution for Medical Imaging.

Provides cloud-native PACS to radiology practices and consolidates all cloud imaging solutions into a new category: Change Healthcare Stratus Imaging.

, Change Healthcare (Nasdaq: CHNG) introduced Change Healthcare Stratus Imaging PACS, a new, comprehensive cloud software as a service (SaaS) solution for radiology practices, now in beta testing with plans to extend to hospitals in the future. Stratus Imaging PACS is the latest solution to be introduced by Change Healthcare’s rapidly growing cloud imaging business, which includes image archiving, analytics, universal viewers, and sharing solutions.

The stocks have a year to date performance of 13.40 percent and weekly performance of -3.91 percent. The stock has been moved at -11.02 percent over the last six months. The stock has performed -7.48 percent around the most recent 30 days and changed -7.84 percent over the most recent 3-months.

If compared to the average trading volume of 1.85M shares, CHNG reached to a volume of 3386608 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 $25.44 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 2.70. 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.

JP Morgan have made an estimate for Change Healthcare Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 29, 2021. While these analysts kept the previous recommendation, Berenberg raised their target price to Buy. The new note on the price target was released on December 08, 2020, representing the official price target for Change Healthcare Inc. stock. Previously, the target price had yet another raise to $15, while Citigroup analysts kept a Buy rating on CHNG stock.

The Average True Range (ATR) for Change Healthcare Inc. is set at 0.41, with the Price to Sales ratio for CHNG stock in the period of the last 12 months amounting to 2.15. The Price to Book ratio for the last quarter was 2.09, with the Price to Cash per share for the same quarter was set at 0.36. Price to Free Cash Flow for CHNG in the course of the last twelve months was 19.57 with Quick ratio for the last quarter at 1.10.

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 -3.91. With this latest performance, CHNG shares dropped by -7.48% in over the last four-week period, additionally sinking by -11.02% over the last 6 months – not to mention a rise of 70.84% 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 30.42, with the RSI for the last a single of trading hit 29.45, and the three-weeks RSI is set at 32.19 for Change Healthcare Inc. [CHNG]. The present Moving Average for the last 50 days of trading for this stock 22.76, while it was recorded at 21.54 for the last single week of trading, and 21.37 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 1.10 and a Current Ratio set at 1.10.

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

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 5.30%.

Change Healthcare Inc. [CHNG]: Insider Ownership positions

There are presently around $6,361 million, or 97.10% 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 1.00% of the total institutional ownership; VANGUARD GROUP INC, holding 20,334,469 shares of the stock with an approximate value of $430.07 million in CHNG stocks shares; and CLARKSTON CAPITAL PARTNERS, LLC, currently with $408.24 million in CHNG stock with ownership of nearly 0.05% of the company’s market capitalization.

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155 institutional holders increased their position in Change Healthcare Inc. [NASDAQ:CHNG] by around 104,871,479 shares. Additionally, 157 investors decreased positions by around 110,140,757 shares, while 39 investors held positions by with 85,765,945 shares. The mentioned changes placed institutional holdings at 300,778,181 shares, according to the latest SEC report filing. CHNG stock had 83 new institutional investments in for a total of 51,171,617 shares, while 63 institutional investors sold positions of 55,371,172 shares during the same period.

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