While GoodRx Holdings Inc has overperformed by 1.43%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GDRX rose by 26.95%, with highs and lows ranging from $9.26 to $4.14, whereas the simple moving average jumped by 9.48% in the last 200 days.
On August 09, 2024, Raymond James Upgraded GoodRx Holdings Inc (NASDAQ: GDRX) to Strong Buy. A report published by RBC Capital Mkts on May 23, 2024, Upgraded its rating to ‘Outperform’ for GDRX. Raymond James also Upgraded GDRX shares as ‘Outperform’, setting a target price of $10 on the company’s shares in a report dated May 16, 2024. Wells Fargo March 25, 2024d its ‘Equal Weight’ rating to ‘Overweight’ for GDRX, as published in its report on March 25, 2024. JP Morgan’s report from March 01, 2024 suggests a price prediction of $10 for GDRX shares, giving the stock a ‘Overweight’ rating. Leerink Partners also rated the stock as ‘Outperform’.
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Analysis of GoodRx Holdings Inc (GDRX)
Further, the quarter-over-quarter increase in sales is 5.76%, showing a positive trend in the upcoming months.
GoodRx Holdings Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -7.50% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 7.32, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and GDRX has an average volume of 1.40M. On a monthly basis, the volatility of the stock is set at 4.98%, whereas on a weekly basis, it is put at 3.86%, with a loss of -1.01% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.47, showing growth from the present price of $7.82, which can serve as yet another indication of whether GDRX is worth investing in or should be passed over.
How Do You Analyze GoodRx Holdings Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 78.78%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 14.96% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GDRX shares are owned by institutional investors to the tune of 14.96% at present.
