Assessing Whether Guardant Health Inc (NASDAQ: GH) Is Over- Or Undervalued

Guardant Health Inc (GH) concluded trading on Thursday at a closing price of $25.58, with 2.13 million shares of worth about $54.61 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 37.23% during that period and on September 12, 2024 the price saw a gain of about 2.85%. Currently the company’s common shares owned by public are about 121.63M shares, out of which, 116.91M shares are available for trading.

Stock saw a price change of 5.14% in past 5 days and over the past one month there was a price change of -13.99%. Year-to-date (YTD), GH shares are showing a performance of -5.43% which decreased to -23.34% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.81 but also hit the highest price of $37.04 during that period. The average intraday trading volume for Guardant Health Inc shares is 2.07 million. The stock is currently trading -3.25% below its 20-day simple moving average (SMA20), while that difference is down -12.87% for SMA50 and it goes to 3.58% higher than SMA200.

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Guardant Health Inc (NASDAQ: GH) currently have 121.63M outstanding shares and institutions hold larger chunk of about 95.30% of that.

The stock has a current market capitalization of $3.15B and its 3Y-monthly beta is at 1.11. It has posted earnings per share of -$4.09 in the same period. It has Quick Ratio of 6.07. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GH, volatility over the week remained 5.13% while standing at 4.49% over the month.

Stock’s fiscal year EPS is expected to rise by 23.73% while it is estimated to increase by 12.83% in next year. EPS is likely to grow at an annualized rate of 29.20% for next 5-years, compared to annual growth of -8.88% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Guggenheim on June 28, 2024 offering a Buy rating for the stock and assigned a target price of $36 to it. Coverage by Jefferies stated Guardant Health Inc (GH) stock as a Buy in their note to investors on June 03, 2024, suggesting a price target of $32 for the stock. Stock get a Peer perform rating from Wolfe Research on December 13, 2023.

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