For the readers interested in the stock health of Bright Health Group Inc. (BHG). It is currently valued at $1.01. When the transactions were called off in the previous session, Stock hit the highs of $1.05, after setting-off with the price of $0.9386. Company’s stock value dipped to $0.93 during the trading on the day. When the trading was stopped its value was $0.95.Recently in News on November 10, 2022, CORRECTING and REPLACING Bright Health Group Reports Third Quarter 2022 Results. Original press release issued November 9, 2022 has been replaced with this version to correct a typographical error in the Financial Outlook section. “Adjusted EBITDA for 2022 is expected to be a loss of between $550.0 million and $700.0 million”, a correction from the original version which listed a range of $500.0 million to $700.0 million. You can read further details here
Bright Health Group Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $4.0600 on 02/10/22, with the lowest value was $0.8000 for the same time period, recorded on 10/11/22.
Bright Health Group Inc. (BHG) full year performance was -73.63%
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, Bright Health Group Inc. shares are logging -78.33% during the 52-week period from high price, and 26.25% 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 $0.80 and $4.66.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 1324882 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Bright Health Group Inc. (BHG) recorded performance in the market was -70.64%, having the revenues showcasing -41.62% 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 621.13M, as it employees total of 3203 workers.
Specialists analysis on Bright Health Group Inc. (BHG)
During the last month, 0 analysts gave the Bright Health Group Inc. a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 6 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 2 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.4094, with a change in the price was noted -0.98. In a similar fashion, Bright Health Group Inc. posted a movement of -49.25% for the period of last 100 days, recording 1,663,680 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 BHG is recording 0.82 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Trends and Technical analysis: Bright Health Group Inc. (BHG)
Raw Stochastic average of Bright Health Group Inc. in the period of last 50 days is set at 27.45%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 46.67%. In the last 20 days, the company’s Stochastic %K was 32.63% and its Stochastic %D was recorded 29.47%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -70.64%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -42.29%, alongside a downfall of -73.63% for the period of the last 12 months. The shares increased approximately by 7.77% in the 7-day charts and went up by -8.18% in the period of the last 30 days. Common stock shares were lifted by -41.62% during last recorded quarter.