eHealth, Inc. (NASDAQ:EHTH) is -2.85 points lower today and the only thing that matters is where they go from here. You simply have to look deeper than the share price and explore the fundamentals and future growth potential. The stock value has plummeted by nearly -4.42% to $61.64 from its previous close of $64.49. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 175480 contracts so far this session. EHTH shares had a relatively better volume day versus average trading capacity of 592.44 thousand shares, but with a 22.4 million float and a 3.87% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for EHTH stock indicates that the average analyst price target is $87.43 per share. This means the stock has a potential increase of 41.84% from where the EHTH share price has been trading recently which is between $63.8 and $66.9799. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $71.
The shorts are running away from eHealth, Inc. (EHTH) stock. The latest set of short interest data was released on 30 April 2019, and the numbers show a drop in short interest in EHTH shares. While short interest still represents only 8.17% of EHTH’s float, the number of shares shorted have fallen by -148103. The number of shares shorted fell to 1681214 shares, down from 1829317 shares during the preceding fortnight. With average daily trading volumes at 1002159 shares, days to cover decreased to about 4.195854 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “3 Reasons Why eHealth (EHTH) Is a Great Growth Stock” and dated May 17, 2019.
During the recent trading session for eHealth, Inc. (NASDAQ:EHTH), the company witnessed their stock rise $0.16 over a week and surge $6.97 from the price 20 days ago. When compared to their established 52-week high of $73.71, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 04/26/19. The recent low of $18.35 stood for a -16.38% since 05/23/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.33 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for eHealth, Inc., the two-week RSI stands at 50.29. This figure suggests that EHTH stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current EHTH readings is similarly very revealing as it has a stochastic reading of 55.38% at this stage. This figure means that EHTH share price today is being neutral.
Technical chart claims that eHealth, Inc. (EHTH) would settle between $66.38/share to $68.27/share level. However, if the stock price goes below the $63.2 mark, then the market for eHealth, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $61.91 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 1.32. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at RBC Capital Mkts lifted target price for shares of EHTH but were stick to Outperform recommendation for the stock in their opinion released on February 20. The price target has been raised from $57 to $83. Evercore ISI, analysts launched coverage of eHealth, Inc. (NASDAQ:EHTH) stock with a Outperform recommendation, according to their flash note issued to investors on February 04. Analysts at Chardan Capital Markets are sticking to their Buy stance. However, on January 24, they lifted price target for these shares to $65 from $40.
EHTH equity has an average rating of 2.25, with the figure leaning towards a bullish end. 8 analysts who tracked the company were contacted by Reuters. Amongst them, 2 rated the stock as a hold while the remaining 6 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 6 analysts rated eHealth, Inc. (NASDAQ:EHTH) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, EHTH stock price is currently trading at 30.71X forward 12-month Consensus EPS estimates, and its P/S ratio is 2.52 while for the average stock in the same group, the multiple is 2.48.
eHealth, Inc. (EHTH)’s current-quarter revenues are projected to climb by nearly 13.81% to hit $37.17 million, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 30.59% from $251400 to a noteworthy $328290. At the other end of the current quarter income statement, eHealth, Inc. is expected to see its adjusted earnings surge by roughly -2.5% to hit $-0.41 per share. For the fiscal year, EHTH’s earnings are projected to climb by roughly 49.55% to hit $1.66 per share.