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

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Health Catalyst, Inc. (HCAT) is making a move up in the market in today’s trading session. The stock, one that is focused in the technology industry, is presently trading at $35.30 after gaining 5.40% so far today. In terms of technology stocks, there are several factors that have the ability to lead to price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories relating to HCAT:

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Nov-12-19 04:11PM Health Catalyst Reports Third Quarter 2019 Results
04:10PM Experienced Technology Executives Julie Larson-Green and S. Dawn Smith appointed to Health Catalyst Board of Directors
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

Nonetheless, any time investors are making a decision with regard to investing, prospective investors should take a look at far more than news, especially in the ever evolving tech sector. Here’s what’s happening in regard to Health Catalyst, Inc..

Recent Moves From HCAT

While a move toward the top in a single session, like the move that we’re seeing from Health Catalyst, Inc. may make some investors jump for joy, that by itself should not be the reason for a decision to, or not to, invest in a stock. It is generally important to dig into trends experienced by the stock for a period longer than a single session. In the case of HCAT, here are the returns on investment that we have seen:

  • Past 5 Sessions – Over the past seven days, HCAT has produced a change in value that amounts to 5.72%.
  • Past Month – The ROI from Health Catalyst, Inc. throughout the last 30 days works out to 23.43%.
  • Quarterly – Over the last 3 months, the stock has generated a return on investment of -14.96%
  • Past Six Months – In the past six months, investors have seen a performance that works out to 0 from the company.
  • Year To Date – Since the close of last year HCAT has produced a ROI of -9.88%.
  • Annually – Lastly, over the past full year, we’ve seen movement in the amount of 0 from HCAT. In this period, the stock has traded at a high of -29.19% and a low price of 35.77%.

Ratios To Watch

Digging into various ratios associated with a stock can give traders a look of just how dangerous and/or rewarding a an investment option might be. Below are a few of the most important ratios to think about when digging into HCAT.

Short Ratio – The short ratio is a tool that is used by investors to get an understanding of the level of short interest. As the short ratio goes higher, it means that more investors are expecting that the price of the stock is headed for declines. In general, strong technology stocks can carry a lower short ratio. On the other hand, we also tend to see quite a few short squeezes in the industry. Nonetheless, in regard to Health Catalyst, Inc., it’s short ratio is 7.24.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Basically, they measure If a company is able to cover its debts when they come due using current assets or quick assets. Because in tech, many companies are reliant on the continuation of investor support as they work to bring new technologies to market, the current and quick ratios can seem bad. However, some better companies in the technology sector come with strong current and quick ratios. When it comes to HCAT, the quick and current ratios add up to 1.90 and 1.90 respectively.  

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

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 is 1.52.

Investors Tend To Follow The 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 HCAT, here’s what we’re seeing:

  • Institutions – Currently, institutions own 14.70% of the company. However, it’s worth considering that institutional ownership has seen a move of 0 in the past 3 months.
  • Investors On The Inside – with regard to insiders, those close to the company currently hold 0.80% of Health Catalyst, Inc.. Insider ownership of the company has changed in the amount of 0.00% in the past 3 months.

How Analysts Feel About Health Catalyst, Inc.

While it’s rarely a good idea to unknowingly follow the opinions of analysts, it is a good idea to consider their analysis when validating your own due diligence before making an investment decision in the technology industry. Here are 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

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 $-1.01. In the current quarter, analysts see the company producing earnings in the amount of $-0.37. Over the last 5 years, HCAT has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of -534.00% and revenue has seen movement of 60.00%.

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 35.50M shares of Health Catalyst, 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, HCAT has a float of 33.02M.

I also find it important to follow the short float. After all, if a high percentage of the float is sold short, the overall feeling among traders is that the equity is going to take a dive. In regard to HCAT, the percentage of the float that is sold short comes to a total of 6.62%. Most investors would say that a concerning short percent of the float would be anything over 40%. In my research, I’ve seen that any short percent of the float over 26% is usually a a play that could prove to be very risky.

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