Price Don’t Lie: What Next for Healthequity Inc Stock After Making 52-Week High?

Price Don't Lie: What Next for Healthequity Inc Stock After Making 52 Week High?

The stock of Healthequity Inc (NASDAQ:HQY) hit a new 52-week high and has $44.08 target or 5.00% above today’s $41.98 share price. The 5 months bullish chart indicates low risk for the $2.46 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $44.08 price target is reached, the company will be worth $123.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 184,109 shares traded hands. Healthequity Inc (NASDAQ:HQY) has risen 59.01% since April 20, 2016 and is uptrending. It has outperformed by 54.45% 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. HealthEquity Inc has been the topic of 10 analyst reports since August 18, 2015 according to StockzIntelligence Inc. On Wednesday, March 23 the stock rating was maintained by Avondale with “Market Outperform”. Leerink Swann maintained the stock with “Outperform” rating in Monday, April 4 report. As per Wednesday, March 23, the company rating was maintained by Barrington Research. As per Wednesday, June 8, the company rating was maintained by Suntrust Robinson. As per Tuesday, December 8, the company rating was maintained by Barrington Research. Robert W. Baird maintained Healthequity Inc (NASDAQ:HQY) on Wednesday, September 7 with “Neutral” rating. TheStreet initiated the shares of HQY in a report on Tuesday, October 13 with “Hold” rating. The stock of Healthequity Inc (NASDAQ:HQY) earned “Buy” rating by SunTrust on Wednesday, June 8. The firm has “Overweight” rating by JP Morgan given on Friday, October 28.

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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