Is Guardant Health Inc (NASDAQ: GH) Proving The Doubters Wrong?

Guardant Health Inc (GH) concluded trading on Thursday at a closing price of $28.59, with 5.66 million shares of worth about $161.78 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 53.38% during that period and on November 07, 2024 the price saw a gain of about 13.05%. Currently the company’s common shares owned by public are about 121.63M shares, out of which, 117.72M shares are available for trading.

Stock saw a price change of 30.67% in past 5 days and over the past one month there was a price change of 36.86%. Year-to-date (YTD), GH shares are showing a performance of 5.69% which increased to 3.06% 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 2.13 million. The stock is currently trading 29.00% above its 20-day simple moving average (SMA20), while that difference is up 23.89% for SMA50 and it goes to 18.95% 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 99.02% of that.

The stock has a current market capitalization of $3.52B and its 3Y-monthly beta is at 1.11. It has posted earnings per share of -$4.24 in the same period. It has Quick Ratio of 5.85. 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 8.22% while standing at 5.37% over the month.

Stock’s fiscal year EPS is expected to rise by 19.54% while it is estimated to increase by 14.26% 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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