Change Healthcare Inc. (CHNG) is priced at $22.62 after the most recent trading session. At the very opening of the session, the stock price was $23.05 and reached a high price of $23.15, prior to closing the session it reached the value of $23.08. The stock touched a low price of $22.42.Recently in News on April 19, 2022, Change Healthcare Launches InterQual® 2022, Delivering the Latest Evidence-Based Criteria and Technology to Optimize Clinical Decision Support. InterQual solutions provide health care providers and health plans nationwide with evidence-based, independently peer-reviewed criteria and workflow enhancements to streamline utilization management. You can read further details here
Change Healthcare Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $23.99 on 04/25/22, with the lowest value was $18.97 for the same time period, recorded on 02/03/22.
Change Healthcare Inc. (CHNG) full year performance was 1.16%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Change Healthcare Inc. shares are logging -5.71% during the 52-week period from high price, and 19.24% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $18.97 and $23.99.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 6062395 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Change Healthcare Inc. (CHNG) recorded performance in the market was 5.80%, having the revenues showcasing 11.43% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 7.08B, as it employees total of 15000 workers.
Specialists analysis on Change Healthcare Inc. (CHNG)
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 21.55, with a change in the price was noted +1.73. In a similar fashion, Change Healthcare Inc. posted a movement of +8.28% for the period of last 100 days, recording 2,846,962 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CHNG is recording 1.41 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.41.
Trends and Technical analysis: Change Healthcare Inc. (CHNG)
Raw Stochastic average of Change Healthcare Inc. in the period of last 50 days is set at 60.17%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 12.74%. In the last 20 days, the company’s Stochastic %K was 15.36% and its Stochastic %D was recorded 17.99%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 5.80%. Additionally, trading for the stock in the period of the last six months notably improved by 5.75%, alongside a boost of 1.16% for the period of the last 12 months. The shares increased approximately by -4.64% in the 7-day charts and went down by -3.95% in the period of the last 30 days. Common stock shares were driven by 11.43% during last recorded quarter.