Guardant Health Inc (NASDAQ: GH) is -26.58% lower on its value in year-to-date trading and has touched a low of $18.23 and a high of $41.06 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 GH stock was last observed hovering at around $18.46 in the last trading session, with the day’s gains setting it 1.4%.
Currently trading at $19.86, the stock is -4.97% and -13.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.95 million and changing 7.58% at the moment leaves the stock -32.17% off its SMA200. GH registered -33.36% loss for a year compared to 6-month loss of -42.23%. The firm has a 50-day simple moving average (SMA 50) of $4.61 and a 200-day simple moving average (SMA200) of -$6.01.
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The stock witnessed a -11.85% gain in the last 1 month and extending the period to 3 months gives it a -24.80%, and is 4.53% up 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 4.89% over the week and 5.19% over the month.
Guardant Health Inc (GH) has around 1779 employees, a market worth around $2.42B and $563.95M in sales. Profit margin for the company is -85.02%. Distance from 52-week low is 8.94% and -51.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-32.30%).
Guardant Health Inc quarterly earnings per share for the current quarter are estimated at -$0.83 with sales reaching $150.68M over the same period.The EPS is expected to grow by 23.68% this year, but quarterly earnings will post 17.80% year-over-year. Quarterly sales are estimated to grow 17.10% in year-over-year returns.
413 institutions hold shares in Guardant Health Inc (GH), with institutional investors hold 96.39% of the company’s shares. The shares outstanding are 121.63M, and float is at 115.89M with Short Float at 4.90%. Institutions hold 92.40% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 10.8 million shares valued at $386.76 million. The investor’s holdings represent 9.18% of the GH Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 9.68 million shares valued at $346.46 million to account for 8.22% of the shares outstanding. The other top investors are FMR, LLC which holds 8.8 million shares representing 7.48% and valued at over $315.13 million, while Alliancebernstein L.P. holds 3.79% of the shares totaling 4.46 million with a market value of $159.8 million.
Guardant Health Inc (GH) Insider Activity
The most recent transaction is an insider sale by Joyce Meghan V., the company’s Director. SEC filings show that Joyce Meghan V. sold 100 shares of the company’s common stock on Mar 04 ’24 at a price of $19.05 per share for a total of $1905.0. Following the sale, the insider now owns 4521.0 shares.
Guardant Health Inc disclosed in a document filed with the SEC on Dec 04 ’23 that Joyce Meghan V. (Director) sold a total of 100 shares of the company’s common stock. The trade occurred on Dec 04 ’23 and was made at $26.34 per share for $2634.0. Following the transaction, the insider now directly holds 4422.0 shares of the GH stock.
Still, SEC filings show that on Dec 01 ’23, Kalia Kumud (Chief Information Officer) disposed off 5,800 shares at an average price of $26.37 for $0.15 million. The insider now directly holds 5,926 shares of Guardant Health Inc (GH).
