Tabula Rasa HealthCare, Inc. (TRHC) Stock: Is This Tech Stock Worth Your Time?

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Tabula Rasa HealthCare, Inc. (TRHC) is trending down in the market today. The stock, focused on the technology space, is presently priced at $49.22 after tumbling -8.99% so far in today’s session. In terms of technology companies, there are quite a few aspects that have the potential to generate movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories relating to TRHC:

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Apr-15-19 09:15AM S&P Approaches New Highs After Crossing Above 2900
Apr-12-19 08:00AM AMAG Pharmaceuticals Appoints New Members to Board of Directors
Apr-11-19 08:00AM Prominent Arkansas Health Plan Partners with Tabula Rasa Healthcares PrescribeWellness to Improve Quality & Performance Outcomes for its Members
Apr-09-19 09:30AM CERN or TRHC: Which Is the Better Value Stock Right Now?
Apr-05-19 11:11AM Tabula Rasa HealthCares DoseMe executes first-ever integration of its Precision Dosing Software with market-leading Electronic Medical Record provider

However, any time investors are making an investing decision, prospective investors should focus on far more than just news, especially in the ever changing technology sector. Here’s what’s happening in regard to Tabula Rasa HealthCare, Inc..

Trends That We’ve Seen From TRHC

While a single session decline, like the move that we’re seeing from Tabula Rasa HealthCare, Inc. might lead to fear in some investors, that alone shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It’s generally a good idea to look at trends for a period longer than a single trading session. When it comes to TRHC, here are the returns on investment that investors have experienced:

  • Past 5 Trading Sessions – Throughout the last week, TRHC has produced a change in value in the amount of -1.19%.
  • Past Month – The ROI from Tabula Rasa HealthCare, Inc. throughout the past 30 days comes to -8.18%.
  • Past Quarter – In the past 3 months, the company has produced a ROI that comes to -16.71%
  • Past 6 Months – Throughout the last 6 months, investors have seen a change of -27.28% from the company.
  • YTD – Since the close of last year TRHC has produced a ROI of -15.17%.
  • Annually – Lastly, throughout the last full year, we have seen movement that comes to 33.33% from TRHC. Over this period of time, the stock has sold at a high of -46.00% and a low price of 26.02%.

Ratios That Are Notable

Looking at various key ratios associated with a stock generally gives prospective traders a look of how risky and/or rewarding a pick may be. Here are a few of the key ratios to think about when digging into TRHC.

Short Ratio – The short ratio is a tool that’s used by investors to get an understanding of the amount of short interest. As the short ratio heads up, it means that more investors have a belief that the value of the stock is going to fall. Across the sector, strong tech stocks can have a lower short ratio. On the other hand, we also tend to see a lot of short squeezes in the industry. Nonetheless, with regard to Tabula Rasa HealthCare, Inc., the stock’s short ratio is 8.10.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Essentially, they measure the company’s abilities to pay for its debts when they come due based on quick assets or current assets. Because in tech, several companies are heavily reliant on continued investor support as they work to bring new technologies to market, the quick and current ratios can seem damning. However, several gems in the technology sector do have great quick and current ratios. In terms of TRHC, the quick and current ratios total up to 0.80 and 0.80 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the book value of assets that are owned by the company. In this particular case, that ratio comes in at 7.16.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the value of the company’s stock. In this case, the cash to share value ratio comes to 0.96.

Smart Money Follows Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in TRHC, here’s what we’re seeing:

Institutions own 79.60% of the company. Institutional interest has moved by -0.18% over the past three months. When it comes to insiders, those who are close to the company currently own 9.50% percent of TRHC shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

Analyst Opinions With Regard To Tabula Rasa HealthCare, Inc.

Although it’s not a smart idea to blindly follow the opinions of analysts, it is a good idea to consider their opinions when validating your own when it comes to making investment decisions in the tech industry. Below are the recent moves that we’ve seen from analysts as it relates to TRHC.

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Jan-08-19 Initiated The Benchmark Company Buy $85
Nov-07-18 Reiterated Chardan Capital Markets Buy $77 → $91
Sep-07-18 Initiated Cantor Fitzgerald Overweight
May-18-18 Reiterated Chardan Capital Markets Buy $50 → $68
Mar-16-18 Reiterated Chardan Capital Markets Buy $46 → $50

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $1.26. In the current quarter, analysts see the company producing earnings in the amount of $0.08. Over the last 5 years, TRHC has generated revenue in the amount of $52.00% with earnings coming in at -33.00%. On a quarter over quarter basis, earnings have seen movement of -202.20% and revenue has seen movement of 32.30%.

Float Information

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 21.14M shares of Tabula Rasa HealthCare, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, TRHC has a float of 18.35M.

I also like to follow the short float. After all, if a high portion of the float available for trading is shorted, the overall opinion among traders is that the equity is going to fall. In regard to TRHC, the short percentage of the float totals up to 18.82%. Most investors would say that a high short percent of the float is any percentage over 40%. However, I have calculated that any short percent of the float over 26% is probably going to be a a play that could prove to be very risky.

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