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


Health Catalyst, Inc. (HCAT) is making a move up in the market today. The company, one that is focused in the tech space, is presently priced at $32.12 after heading up 7.64% so far today. As it relates to technology stocks, there are a number of factors that have the potential to generate movement in the market. News is one of the most common reasons for movement. Here are the most recent headlines surrounding HCAT:

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Oct-22-19 04:05PM Health Catalyst to Announce Third Quarter 2019 Operating Results and Host Conference Call on Tuesday, November 12, 2019
Aug-28-19 07:39AM Interested in Health Catalyst? Be a Patient Buyer
Aug-22-19 04:05PM Health Catalyst Reports Second Quarter 2019 Results
Aug-19-19 02:14PM Health Catalyst’s stock surges as Wall Street analysts unanimously start coverage with bullish ratings
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, prospective investors should look into much more than just news, especially in the ever evolving technology space. Here’s what’s going on with Health Catalyst, Inc..

Trends That We’ve Seen From HCAT

While a gain in a single session, like the move that we’re seeing from Health Catalyst, Inc. may make some investors happy, a single session gain by itself should not be the basis of a decision to, or not to, invest in a stock. It’s generally smart to take a look at trends for a period longer than a single trading day. When it comes to HCAT, below are the movements that we have seen:

  • Past 5 Trading Sessions – Throughout the past seven days, HCAT has generated a change in price in the amount of 15.75%.
  • Past 30 Days – The monthly returns from Health Catalyst, Inc. works out to 10.19%.
  • Past 3 Months – In the past quarter, the company has generated a return that comes to -27.71%
  • Bi-Annually – Over the last six months, investors have seen a performance that works out to 0 from the company.
  • YTD – Since the close of last year HCAT has produced a return of -18.00%.
  • Annually – Finally, throughout the last full year, we have seen a change that works out to 0 out of HCAT. Throughout this period of time, the stock has traded at a high price of -35.57% and a low price of 23.54%.

Key Ratios

Digging into various key ratios associated with a company generally gives traders a look of just how dangerous and/or potentially profitable a an investment option may be. Here are some of the most important ratios to think about when digging into HCAT.

Short Ratio – The short ratio is a tool that’s used by traders to measure the level of short interest. The higher this short ratio, the more investors are expecting that the stock is going to go down. 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 sector. Nonetheless, in regard to Health Catalyst, Inc., it’s short ratio amounts to 6.18.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Essentially, they measure the company’s abilities to pay for its debts as they mature based on current assets or quick assets. In the technology sector, several companies rely on the continuation of investor support as they work to bring new technologies to market, these ratios can seem bad. However, several good picks in the tech industry come with good quick and current ratios. As it relates to HCAT, the quick and current ratios work out to 1.90 and 1.90 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets that are owned by the company. In this particular case, the book to share value ratio comes in at -111.38.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the value of shares. In this case, the cash to share value ratio comes to 1.48.

Show Me The Big Money

An interesting fact that I’ve come to understand in my short period alive, or somewhat alive is that smart investors tend to follow the moves made by big money players. So, investors that are trying to keep their investments relatively safe will watch moves made by institutional investors and those on the inside. With that said, what does the big money picture look like as it relates to HCAT? Here’s the scoop:

  • Institutional Investors – As it stands now, institutions own 11.90% of the company. However, it’s important to consider that the ownership held by institutions has seen a move in the amount of 0 in the last 3 months.
  • Insider Moves – As far as insiders go, those close to the situation currently hold 0.80% of Health Catalyst, Inc.. Insider ownership of the company has seen a change of 0 over the last quarter.

Analyst Opinions Of Health Catalyst, Inc.

While it’s not a good idea to unknowingly follow the thoughts of analysts, it is a good idea to use their thoughts when validating your own when it comes to making an investment decision in the tech sector. Below you’ll find the recent moves that we have seen from analysts when it comes to HCAT.

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Oct-30-19 Initiated Cantor Fitzgerald Overweight $47
Aug-19-19 Initiated William Blair Outperform
Aug-19-19 Initiated SVB Leerink Outperform $55
Aug-19-19 Initiated SunTrust Buy $53
Aug-19-19 Initiated Piper Jaffray Overweight $47

Financial Results And Expectations

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

  • Analyst Expectations – At the moment, Wall Street analysts expect that HCAT will generate EPS that comes to -1.01, with -0.37 to be reported in the earnings report for the current quarter. Although this data isn’t based on earnings, because we’re chatting about Wall St. analysts, the stock is presently rated a 1.70 when rated on a scale from 1 to 5 on which 1 is the poorest Wall St. analyst grade and 5 is the best possible rating.
  • 5-Year Sales – Throughout the last half decade, Health Catalyst, Inc. has generated a change in revenue that works out to 0. Earnings per share through the last half decade have seen movement in the amount of 0.
  • Quarter Over Quarter – when it comes to quarter over quarter data, or Q/Q data as it is generally referred to as in the human world, Health Catalyst, Inc. has generated a earnings change by -534.00%. Health Catalyst, Inc. has also experienced a change in regard to sales that amounts to 60.00%.

What’s The Float Looking Like?

Investors seem to be interested in the amounts of shares both outstanding and available. As far as Health Catalyst, Inc., there are currently 36.49M with a float of 33.02M. This means that of the total of 36.49M shares of HCAT currently in existence today, 33.02M are able to be traded on the market.

I also find it important to take a look at the short percent. After all, when a large portion of the float available for trading is sold short, the overall feeling among investors is that the stock is going to fall. When it comes to HCAT, the percentage of the float that is sold short is 6.62%. Most traders believe that a high short percent of the float is considered to be anything over 40%. Through my work, I’ve seen that anything over 26% is probably going to be a risky play.

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