Health Catalyst, Inc. (HCAT) Stock: Here’s Why It’s Headed Up


Health Catalyst, Inc. (HCAT) is headed up in the market today. The stock, one that is focused on the tech sector, is currently trading at $45.90 after heading up 7.13% so far today. As it relates to technology stocks, there are a number of aspects that have the potential to lead to gains in the market. News tends to be one of the biggest reasons for the movement. Here are the recent headlines associated with HCAT:

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Jul-29-19 04:55PM Health Catalyst Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares
Jul-24-19 08:11PM Health Catalyst Announces Pricing of Initial Public Offering
Jul-23-19 06:43PM Health Catalyst IPO: What You Need To Know
Jul-21-19 05:24PM IPO Outlook For The Week: Biotech, Health Analytics, Sports And Solar Power
Jul-29-19 04:55PM Health Catalyst Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares

Nonetheless, any time investors are making a decision to invest, investors should look into far more than just news, this is especially the case in the ever changing technology space. Here’s what’s happing when it comes to Health Catalyst, Inc..

Recent Moves From HCAT

While a gain in a single session, like the move that we’re seeing from Health Catalyst, Inc. might lead to excitement in some investors, that alone shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It’s always a good idea to look at trends experienced by the stock for a period longer than a single session. When it comes to HCAT, here are the returns that investors have experienced:

  • Past 7 Days – Throughout the past week, HCAT has produced a change in price in the amount of -3.56%.
  • Past 30 Days – The performance from Health Catalyst, Inc. throughout the past month has been 0.
  • Past Three Months – In the past quarter, the stock has produced a return of 0
  • Past 6 Months – Over the last 6 months, investors have seen a performance of 0 from the stock.
  • YTD – Since the the last trading session of last year HCAT has generated a return of 9.39%.
  • Annually – Lastly, in the past full year, we’ve seen movement that comes to 0 out of HCAT. Throughout this period of time, the stock has sold at a high of -0.08% and a low of 26.49%.

Ratios That Are Notable

Looking at a few key ratios having to do with a company can give investors a view of just how risky and/or potentially profitable a pick might be. Below are a few of the key ratios to think about when looking at HCAT.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors have a belief that the stock is going to fall. In general, strong tech stocks can have a lower short ratio. However, we also see quite a few short squeezes in the space. Nonetheless, in relation to Health Catalyst, Inc., it’s short ratio comes to 0.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Basically, they measure whether or not a company can pay for its debts when they mature with only quick assets or current assets. In the technology sector, companies are reliant on continued support from investors as they work to bring new technologies to market, the quick and current ratios can seem bad. However, quite a few good picks in the technology space come with positive current and quick ratios. As far as HCAT, the quick and current ratios work out to 2.10 and 2.10 respectively.  

Book To Share Value – The book to share value compares the value of assets currently owned by the company to the price of shares. In this case, that ratio is 0.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the price of the company’s stock. When it comes to HCAT, the cash to share value ratio comes to 1.63.

Is Big Money Interested In Health Catalyst, Inc.

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 HCAT, here’s what we’re seeing:

  • Institutions – At the moment, institutional investors own 0 of Health Catalyst, Inc.. However, it is worth noting that the ownership held by institutions has changed in the amount of 0 in the past 3 months.
  • Insiders – As far as insiders go, members of the management team and others close to HCAT currently hold 0.80% of Health Catalyst, Inc.. Insider ownership of the company has seen a move of 0 throughout the last quarter.

Analyst Opinions With Regard To Health Catalyst, Inc.

Although it’s never a smart idea to avoid doing your DD and blindly following the thoughts of analysts, it is a good idea to consider their analysis when validating your own before making investment decisions in the technology industry. Below you’ll find the most recent moves that we have seen from analysts as it relates to HCAT.

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What have ween seen from HCAT in terms of financial results?Here’s what you need to know:

  • Analyst Expectations – As it stands at the moment, Wall St. analysts are expecting that HCAT will create EPS that comes to 0, with 0 being announced in the earnings announcement for the current quarter. Although this isn’t earnings driven, since we’re talking on the topic of Wall Street analysts, HCAT is presently graded as a 0 when rated on a scale from 1 to 5 where 1 is the worst average analyst grade and 5 is the best possible.
  • 5-Year Sales – Throughout the last 5 years, Health Catalyst, Inc. has announced a change in sales volume in the amount of 0. Earnings per diluted share over the last half decade have seen a change of 0.
  • Quarter Over Quarter – when it comes to quarter over quarter data, or Q/Q data as it is often represented in the human world, Health Catalyst, Inc. has experienced a change in earnings that comes to a total of 0. Health Catalyst, Inc. has also experienced movement in terms of sales in the amount of 70.90%.

A Look At Share Counts

Investors and traders tend to have an interest in the amounts of shares both outstanding and available. As it relates to Health Catalyst, Inc., currently there are 39.60M and there is a float of 31.69M. These data mean that of the total of 39.60M shares of HCAT in existence today, 31.69M are available to be traded on the market.

I also find it important to dig into the short percentage of the float. Think about it, if a large portion of the float is shorted, the overall feeling among traders is that the equity is going to fall hard. With regard to HCAT, the percentage of the float that is shorted is 0. In general, high short percent of the float would be anything over 40%. Through my work, I’ve calculated that anything over 26% is probably going to be a risky play.

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