Price Action Alert: Could Healthequity Inc Lose its Strength? The Stock Reaches All-Time High

Price Action Alert: Could Healthequity Inc Lose its Strength? The Stock Reaches All Time High

The stock of Healthequity Inc (NASDAQ:HQY) reached all time high today, Nov, 11 and still has $50.53 target or 27.00% above today’s $39.79 share price. This indicates more upside for the $2.59 billion company. This technical setup was reported by Barchart.com. If the $50.53 PT is reached, the company will be worth $699.30M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 71,474 shares traded hands. Healthequity Inc (NASDAQ:HQY) has risen 57.97% since April 11, 2016 and is uptrending. It has outperformed by 51.83% the S&P500.

Healthequity Inc (NASDAQ:HQY) Ratings Coverage

Out of 8 analysts covering HealthEquity Inc (NASDAQ:HQY), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. $40 is the highest target while $27 is the lowest. The $33.67 average target is -15.38% below today’s ($39.79) stock price. HealthEquity Inc has been the topic of 10 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Suntrust Robinson given on Wednesday, June 8. TheStreet initiated Healthequity Inc (NASDAQ:HQY) on Tuesday, October 13 with “Hold” rating. JP Morgan reinitiated Healthequity Inc (NASDAQ:HQY) on Friday, October 28 with “Overweight” rating. SunTrust maintained Healthequity Inc (NASDAQ:HQY) rating on Wednesday, June 8. SunTrust has “Buy” rating and $40 price target. Leerink Swann maintained Healthequity Inc (NASDAQ:HQY) rating on Monday, April 4. Leerink Swann has “Outperform” rating and $30 price target. The company was maintained on Wednesday, March 23 by Barrington Research. Barrington Research maintained the stock with “Outperform” rating in Tuesday, December 8 report. The stock of Healthequity Inc (NASDAQ:HQY) has “Market Outperform” rating given on Wednesday, March 23 by Avondale. The firm has “Neutral” rating given on Wednesday, September 7 by Robert W. Baird.

According to Zacks Investment Research, “HealthEquity, Inc. is a technology-enabled services platforms that empower consumers to make healthcare saving and spending decisions. The Company’s platform provides an ecosystem where consumers can access their tax-advantaged healthcare savings, compare treatment options and pricing, evaluate and pay healthcare bills, receive personalized benefit and clinical information, earn wellness incentives, and make educated investment choices to grow their tax-advantaged healthcare savings. HealthEquity, Inc. is headquartered in Draper, Utah.”

HQY Company Profile

HealthEquity, Inc., incorporated on October 18, 2002, is a well-known provider of a range of solutions for managing healthcare accounts (Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts (FSAs)) for health plans, insurance companies and third-party administrators. The Firm is engaged in technology-enabled services platforms that allow clients to make healthcare saving and spending decisions. The Company’s platform provides an ecosystem where clients can access their tax-advantaged healthcare savings, compare treatment options and pricing, evaluate and pay healthcare bills, receive personalized benefit and clinical information, earn wellness incentives and make educated investment choices to help in their tax-advantaged healthcare savings.

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