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Bright Health Group Inc. (BHG): Investing has never been easier

For the readers interested in the stock health of Bright Health Group Inc. (BHG). It is currently valued at $0.94. When the transactions were called off in the previous session, Stock hit the highs of $0.95, after setting-off with the price of $0.8579. Company’s stock value dipped to $0.8001 during the trading on the day. When the trading was stopped its value was $0.81.Recently in News on January 10, 2023, Bright Health Group Announces Updated 2023 Expectations Ahead of J.P. Morgan Healthcare Conference Presentation. Increases 2023 Enterprise Revenue guidance to $3.4 – $3.6 billion on higher-than-expected attributed value-based consumers, greater than 30% year-over-year Revenue growth at the midpoint excluding the ACA Marketplace Insurance business. 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 $1.0800 on 01/17/23, with the lowest value was $0.5250 for the same time period, recorded on 01/06/23.

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Bright Health Group Inc. (BHG) full year performance was -66.40%

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 -76.83% during the 52-week period from high price, and 91.98% 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 $0.49 and $4.06.

The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 1974617 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 Bright Health Group Inc. (BHG) recorded performance in the market was 44.75%, having the revenues showcasing -2.05% 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 511.23M, 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, 5 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 1.0006, with a change in the price was noted -0.66. In a similar fashion, Bright Health Group Inc. posted a movement of -41.21% for the period of last 100 days, recording 1,870,220 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 73.89%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 76.39%. In the last 20 days, the company’s Stochastic %K was 65.11% and its Stochastic %D was recorded 73.90%.

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 44.75%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -48.88%, alongside a downfall of -66.40% for the period of the last 12 months. The shares increased approximately by 18.25% in the 7-day charts and went down by 58.18% in the period of the last 30 days. Common stock shares were lifted by -2.05% during last recorded quarter.

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