During the last session, eHealth Inc (NASDAQ:EHTH)’s traded shares were 0.31 million, with the beta value of the company hitting 0.58. At the end of the trading day, the stock’s price was $4.45, reflecting an intraday gain of 9.34% or $0.38. The 52-week high for the EHTH share is $9.91, that puts it down -122.7 from that peak though still a striking 15.73% gain since the share price plummeted to a 52-week low of $3.75. The company’s market capitalization is $129.58M, and the average intraday trading volume over the past 10 days was 0.29 million shares, and the average trade volume was 302.41K shares over the past three months.
eHealth Inc (EHTH) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.00. EHTH has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -1.18.
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eHealth Inc (EHTH) registered a 9.34% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 9.34% in intraday trading to $4.45, hitting a weekly high. The stock’s 5-day price performance is -4.91%, and it has moved by -6.32% in 30 days. Based on these gigs, the overall price performance for the year is -50.45%. The short interest in eHealth Inc (NASDAQ:EHTH) is 1.09 million shares and it means that shorts have 2.4 day(s) to cover.
The consensus price target of analysts on Wall Street is $9.5, which implies an increase of 53.16% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $13 respectively. As a result, EHTH is trading at a discount of -192.13% off the target high and -34.83% off the low.
eHealth Inc (EHTH) estimates and forecasts
Statistics show that eHealth Inc has outperformed its competitors in share price, compared to the industry in which it operates. eHealth Inc (EHTH) shares have gone down -30.58% during the last six months, with a year-to-date growth rate more than the industry average at 69.33% against 24.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 18.60% this quarter and then jump 34.70% in the quarter after that. In the rating firms’ projections, revenue will increase 4.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 57.49M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 264.05M by the end of current fiscal year.
While earnings are projected to return 52.65% in 2024.
EHTH Dividends
eHealth Inc is due to release its next quarterly earnings 2024-Nov-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
eHealth Inc (NASDAQ:EHTH)’s Major holders
eHealth Inc insiders own 5.41% of total outstanding shares while institutional holders control 72.05%, with the float percentage being 76.17%. PALO ALTO INVESTORS LP is the largest shareholder of the company, while 160.0 institutions own stock in it. As of 2024-03-31, the company held over 2.72 million shares (or 9.3929% of all shares), a total value of $16.38 million in shares.
The next largest institutional holding, with 2.6 million shares, is of BLACKROCK INC.’s that is approximately 9.2737% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $15.67 million.
Also, the Mutual Funds coming in first place with the largest holdings of eHealth Inc (EHTH) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Mar 31, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 817.6 shares. This amounts to just over 2.81 percent of the company’s overall shares, with a $3.64 million market value. The same data shows that the other fund manager holds slightly less at 408.22, or about 1.40% of the stock, which is worth about $1.82 million.
