Cue Health Inc [NASDAQ: HLTH] closed the trading session at $0.12.
The stocks have a year to date performance of -27.32 percent and weekly performance of -3.36 percent. The stock has been moved at -64.21 percent over the last six months. The stock has performed -18.61 percent around the most recent 30 days and changed -52.84 percent over the most recent 3-months.
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If compared to the average trading volume of 1.40M shares, HLTH reached to a volume of 89415364 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 Cue Health Inc [HLTH]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HLTH shares is $0.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HLTH stock is a recommendation set at 3.00. 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 Cue Health Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 14, 2024.
The Average True Range (ATR) for Cue Health Inc is set at 0.02, with the Price to Sales ratio for HLTH stock in the period of the last 12 months amounting to 0.26. The Price to Book ratio for the last quarter was 0.07, with the Price to Cash per share for the same quarter was set at 0.51.
HLTH stock trade performance evaluation
Cue Health Inc [HLTH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.36. With this latest performance, HLTH shares dropped by -18.61% in over the last four-week period, additionally sinking by -64.21% over the last 6 months – not to mention a drop of -85.54% 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 HLTH stock in for the last two-week period is set at 40.44, with the RSI for the last a single of trading hit 43.30, and the three-weeks RSI is set at 39.15 for Cue Health Inc [HLTH]. The present Moving Average for the last 50 days of trading for this stock 0.1639, while it was recorded at 0.1152 for the last single week of trading, and 0.2942 for the last 200 days.
Cue Health Inc [HLTH]: An insightful look at the core fundamentals
Cue Health Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.22 and a Current Ratio set at 2.54.
Cue Health Inc [HLTH]: Institutional Ownership
The top three institutional holders of HLTH stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in HLTH stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in HLTH stock with ownership which is approximately 5.8386%.
