Bright Health Group Inc. (NYSE: BHG) is -44.18% lower on its value in year-to-date trading and has touched a low of $0.34 and a high of $2.40 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BHG stock was last observed hovering at around $0.36 in the last trading session, with the day’s loss setting it 0.0% off its average median price target of $1.00 for the next 12 months. It is also 91.0% off the consensus price target high of $4.00 offered by 7 analysts, but current levels are 28.0% higher than the price target low of $0.50 for the same period.
Currently trading at $0.36, the stock is -42.16% and -51.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.45 million and changing 1.28% at the moment leaves the stock -69.90% off its SMA200. BHG registered -81.39% loss for a year compared to 6-month loss of -76.13%.
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The stock witnessed a -56.55% gain in the last 1 month and extending the period to 3 months gives it a -58.32%, and is -20.32% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 22.39% over the week and 17.99% over the month.
Bright Health Group Inc. (BHG) has around 3203 employees, a market worth around $236.50M and $2.41B in sales. Profit margin for the company is -66.50%. Distance from 52-week low is 6.67% and -84.88% from its 52-week high. The company has generated returns on investments over the last 12 months (-90.10%).
Bright Health Group Inc. (BHG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Bright Health Group Inc. (BHG) is a “Hold”. 7 analysts offering their recommendations for the stock have an average rating of 3.20, where 4 rate it as a Hold and 1 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
The EPS is expected to shrink by -648.20% this year
Bright Health Group Inc. (BHG) Top Institutional Holders
The shares outstanding are 627.75M, and float is at 593.79M with Short Float at 1.87%.
Bright Health Group Inc. (BHG) Insider Activity
The most recent transaction is an insider sale by Mikan George Lawrence III, the company’s CEO & President. SEC filings show that Mikan George Lawrence III sold 394,896 shares of the company’s common stock on Mar 13 at a price of $0.40 per share for a total of $0.16 million. Following the sale, the insider now owns 0.21 million shares.
Bright Health Group Inc. disclosed in a document filed with the SEC on Mar 13 that Smith Cathy R (CFO & CAO) sold a total of 114,173 shares of the company’s common stock. The trade occurred on Mar 13 and was made at $0.40 per share for $45669.0. Following the transaction, the insider now directly holds 0.29 million shares of the BHG stock.
Still, SEC filings show that on Mar 13, Scherman Jeffrey J (Chief Accounting Officer) disposed off 44,551 shares at an average price of $0.40 for $17820.0. The insider now directly holds 57,870 shares of Bright Health Group Inc. (BHG).
Bright Health Group Inc. (BHG): Who are the competitors?
The company’s main competitors (and peers) include Elevance Health Inc. (ELV) that is trading -0.40% down over the past 12 months and Cigna Corporation (CI) that is 19.52% higher over the same period. Humana Inc. (HUM) is 12.02% up on the 1-year trading charts.