With over 27.52 million Cue Health Inc (HLTH) shares trading Tuesday and a closing price of $0.23 on the day, the dollar volume was approximately $6.33 million. The shares have shown a negative half year performance of -40.87% and its price on 01/02/24 gained nearly 40.43%. Currently, there are 150.41M common shares owned by the public and among those 99.52M shares have been available to trade.
Insiders at the company have transacted a total of 35 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 10 of these insider trades were purchases, accounting for 938,202 shares. Insider sales of the common stock occurred on 25 occasions, with total insider shares sold totaling 521,583 shares.
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Shares of Cue Health Inc (NASDAQ: HLTH) opened at $0.2403, up $0.08 from a prior closing price of $0.16. The company’s stock has a 5-day price change of -22.85% and -44.84% over the past three months. HLTH shares are trading 40.43% year to date (YTD), with the 12-month market performance down to -89.03% lower. It has a 12-month low price of $0.16 and touched a high of $2.82 over the same period. HLTH has an average intraday trading volume of 448.14K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -23.36%, -26.33%, and -63.78% respectively.
Institutional ownership of Cue Health Inc (NASDAQ: HLTH) shares accounts for 37.98% of the company’s 150.41M shares outstanding.
It has a market capitalization of $35.28M and a beta (3y monthly) value of 1.01. The earnings-per-share (ttm) stands at -$1.69. Price movements for the stock have been influenced by the stock’s volatility, which stands at 23.58% over the week and 13.83% over the month.
Analysts forecast that Cue Health Inc (HLTH) will achieve an EPS of -$0.44 for the current quarter, -$0.26 for the next quarter and -$0.91 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.48 while analysts give the company a high EPS estimate of -$0.41. Comparatively, EPS for the current quarter was -$0.21 a year ago. Earnings per share for the fiscal year are expected to decrease by -50.08%, and 42.98% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Cue Health Inc (HLTH) as a “Strong Buy” at a consensus score of 1.80. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 2 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
