Market Analysts see eHealth Inc. [EHTH] gaining to $6. Time to buy?

eHealth Inc. [NASDAQ: EHTH] gained 32.29% or 1.75 points to close at $7.17 with a heavy trading volume of 9799261 shares. The company report on January 24, 2023 that eHealth, Inc. Announces Preliminary Results for the Fourth Quarter and Fiscal Year 2022.

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–  Fourth quarter performance reflects significant increase in productivity of eHealth’s telesales operations.

eHealth, Inc. (Nasdaq: EHTH), a leading private online health insurance marketplace, today announced preliminary, unaudited financial results and select operating metrics for the fourth quarter and fiscal year ended December 31, 2022.

It opened the trading session at $6.25, the shares rose to $7.53 and dropped to $5.95, the range by which the price of stock traded the whole day. The daily chart for EHTH points out that the company has recorded -4.40% loss over the past six months. However, it is still -168.54% lower than its most recent low trading price.

If we look at the average trading volume of 760.58K shares, EHTH reached to a volume of 9799261 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 eHealth Inc. [EHTH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EHTH shares is $6.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EHTH 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.

Craig Hallum have made an estimate for eHealth Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 01, 2022. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Neutral. The new note on the price target was released on April 01, 2022, representing the official price target for eHealth Inc. stock. Previously, the target price had yet another drop from $37 to $15, while Citigroup kept a Neutral rating on EHTH stock.

The Average True Range (ATR) for eHealth Inc. is set at 0.62, with the Price to Sales ratio for EHTH stock in the period of the last 12 months amounting to 0.43. The Price to Book ratio for the last quarter was 0.31, with the Price to Cash per share for the same quarter was set at 6.08.

Trading performance analysis for EHTH stock

eHealth Inc. [EHTH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.32. With this latest performance, EHTH shares gained by 48.76% in over the last four-week period, additionally sinking by -4.40% over the last 6 months – not to mention a drop of -68.26% 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 EHTH stock in for the last two-week period is set at 65.74, with the RSI for the last a single of trading hit 68.24, and the three-weeks RSI is set at 63.93 for eHealth Inc. [EHTH]. The present Moving Average for the last 50 days of trading for this stock 4.71, while it was recorded at 5.77 for the last single week of trading, and 6.73 for the last 200 days.

eHealth Inc. [EHTH]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and eHealth Inc. [EHTH] shares currently have an operating margin of -13.83 and a Gross Margin at +96.12. eHealth Inc.’s Net Margin is presently recorded at -19.39.

Return on Equity for this stock declined to -11.47, with Return on Assets sitting at -8.34.

eHealth Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 10.40 and a Current Ratio set at 10.40.

An analysis of insider ownership at eHealth Inc. [EHTH]

There are presently around $146 million, or 76.80% of EHTH stock, in the hands of institutional investors. The top three institutional holders of EHTH stocks are: STARBOARD VALUE LP with ownership of 2,198,117, which is approximately 0% of the company’s market cap and around 3.60% of the total institutional ownership; PALO ALTO INVESTORS LP, holding 1,977,993 shares of the stock with an approximate value of $14.18 million in EHTH stocks shares; and BLACKROCK INC., currently with $13.9 million in EHTH stock with ownership of nearly -53.236% of the company’s market capitalization.

Positions in eHealth Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 62 institutional holders increased their position in eHealth Inc. [NASDAQ:EHTH] by around 4,926,110 shares. Additionally, 84 investors decreased positions by around 8,206,103 shares, while 22 investors held positions by with 7,268,402 shares. The mentioned changes placed institutional holdings at 20,400,615 shares, according to the latest SEC report filing. EHTH stock had 22 new institutional investments in for a total of 1,970,214 shares, while 38 institutional investors sold positions of 2,097,279 shares during the same period.


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