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Guardant Health Inc. (GH): Major Movement on the Horizon

Guardant Health Inc. (GH) is priced at $31.25 after the most recent trading session. At the very opening of the session, the stock price was $31.68 and reached a high price of $31.975, prior to closing the session it reached the value of $31.67. The stock touched a low price of $30.30.Recently in News on January 19, 2023, Guardant Health and The Royal Marsden NHS Foundation Trust partner on highly anticipated TRACC Part C trial to use Guardant Reveal™ blood test to help guide treatment decisions in colorectal cancer. Trial will evaluate use of circulating tumor DNA to guide chemotherapy treatment decisions following surgery for stage II-III colorectal cancer patients based on test results for minimal residual disease with Guardant Reveal™ blood test. You can read further details here

Guardant Health 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 $34.11 on 01/18/23, with the lowest value was $25.65 for the same time period, recorded on 01/06/23.

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Guardant Health Inc. (GH) full year performance was -56.35%

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, Guardant Health Inc. shares are logging -60.11% during the 52-week period from high price, and 26.88% 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 $24.63 and $78.34.

The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 697836 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 Guardant Health Inc. (GH) recorded performance in the market was 16.43%, having the revenues showcasing -33.00% 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 3.27B, as it employees total of 1373 workers.

Specialists analysis on Guardant Health Inc. (GH)

During the last month, 0 analysts gave the Guardant Health Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 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 45.56, with a change in the price was noted -19.25. In a similar fashion, Guardant Health Inc. posted a movement of -38.29% for the period of last 100 days, recording 1,350,086 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 GH is recording 6.82 at the time of this writing. In addition, long term Debt to Equity ratio is set at 6.82.

Trends and Technical analysis: Guardant Health Inc. (GH)

Raw Stochastic average of Guardant Health Inc. in the period of last 50 days is set at 21.41%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 67.41%. In the last 20 days, the company’s Stochastic %K was 73.14% and its Stochastic %D was recorded 74.37%.

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 16.43%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -34.63%, alongside a downfall of -56.35% for the period of the last 12 months. The shares increased approximately by 2.92% in the 7-day charts and went down by 5.36% in the period of the last 30 days. Common stock shares were lifted by -33.00% during last recorded quarter.

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