Signify Health Inc. [NYSE: SGFY] gained 0.10% or 0.03 points to close at $29.23 with a heavy trading volume of 5961924 shares. The company report on September 5, 2022 that CVS Health to Acquire Signify Health.
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CVS Health® (NYSE: CVS) and Signify Health (NYSE: SGFY) (“Signify”) have entered into a definitive agreement under which CVS Health will acquire Signify Health for $30.50 per share in cash, representing a total transaction value of approximately $8 billion.
It opened the trading session at $29.20, the shares rose to $29.24 and dropped to $29.12, the range by which the price of stock traded the whole day. The daily chart for SGFY points out that the company has recorded 65.80% gains over the past six months. However, it is still -173.18% lower than its most recent low trading price.
If we look at the average trading volume of 3.66M shares, SGFY reached to a volume of 5961924 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Signify Health Inc. [SGFY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SGFY shares is $28.56 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SGFY stock is a recommendation set at 2.80. 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.
BTIG Research have made an estimate for Signify Health Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 31, 2022. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Sector Perform. The new note on the price target was released on July 29, 2022, representing the official price target for Signify Health Inc. stock. Previously, the target price had yet another drop from $19 to $16, while Robert W. Baird kept a Outperform rating on SGFY stock.
The Average True Range (ATR) for Signify Health Inc. is set at 0.64, with the Price to Sales ratio for SGFY stock in the period of the last 12 months amounting to 8.35. The Price to Book ratio for the last quarter was 6.40, with the Price to Cash per share for the same quarter was set at 1.82. Price to Free Cash Flow for SGFY in the course of the last twelve months was 355.62 with Quick ratio for the last quarter at 5.20.
Trading performance analysis for SGFY stock
Signify Health Inc. [SGFY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.27. With this latest performance, SGFY shares gained by 34.51% in over the last four-week period, additionally plugging by 65.80% over the last 6 months – not to mention a rise of 24.28% 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 SGFY stock in for the last two-week period is set at 77.55, with the RSI for the last a single of trading hit 77.55, and the three-weeks RSI is set at 76.22 for Signify Health Inc. [SGFY]. The present Moving Average for the last 50 days of trading for this stock 22.68, while it was recorded at 29.19 for the last single week of trading, and 16.35 for the last 200 days.
Signify Health Inc. [SGFY]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Signify Health Inc. [SGFY] shares currently have an operating margin of +8.34 and a Gross Margin at +40.41. Signify Health Inc.’s Net Margin is presently recorded at +2.55.
Return on Equity for this stock inclined to 1.95, with Return on Assets sitting at 1.08.
Signify Health Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.20 and a Current Ratio set at 5.20.
An analysis of insider ownership at Signify Health Inc. [SGFY]
There are presently around $6,173 million, or 93.30% of SGFY stock, in the hands of institutional investors. The top three institutional holders of SGFY stocks are: NEW MOUNTAIN VANTAGE ADVISERS, L.L.C. with ownership of 139,614,806, which is approximately 0% of the company’s market cap and around 0.40% of the total institutional ownership; ARK INVESTMENT MANAGEMENT LLC, holding 21,882,411 shares of the stock with an approximate value of $639.62 million in SGFY stocks shares; and VANGUARD GROUP INC, currently with $166.43 million in SGFY stock with ownership of nearly 144.892% of the company’s market capitalization.
Positions in Signify Health Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 79 institutional holders increased their position in Signify Health Inc. [NYSE:SGFY] by around 14,408,873 shares. Additionally, 66 investors decreased positions by around 6,150,634 shares, while 25 investors held positions by with 190,610,581 shares. The mentioned changes placed institutional holdings at 211,170,088 shares, according to the latest SEC report filing. SGFY stock had 27 new institutional investments in for a total of 3,781,048 shares, while 29 institutional investors sold positions of 3,179,272 shares during the same period.