While Definitive Healthcare Corp has underperformed by -3.80%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DH fell by -41.91%, with highs and lows ranging from $10.62 to $3.19, whereas the simple moving average fell by -34.28% in the last 200 days.
On September 17, 2024, BTIG Research started tracking Definitive Healthcare Corp (NASDAQ: DH) recommending Buy. A report published by JP Morgan on July 31, 2024, Downgraded its rating to ‘Underweight’ for DH. Morgan Stanley also Downgraded DH shares as ‘Equal-Weight’, setting a target price of $9 on the company’s shares in a report dated May 08, 2024. Canaccord Genuity January 05, 2024d its ‘Buy’ rating to ‘Hold’ for DH, as published in its report on January 05, 2024. Robert W. Baird’s report from July 24, 2023 suggests a price prediction of $13 for DH shares, giving the stock a ‘Neutral’ rating. William Blair also rated the stock as ‘Outperform’.
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Analysis of Definitive Healthcare Corp (DH)
Further, the quarter-over-quarter increase in sales is 4.56%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Definitive Healthcare Corp’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -48.99% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.31, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and DH is recording an average volume of 973.83K. On a monthly basis, the volatility of the stock is set at 5.04%, whereas on a weekly basis, it is put at 5.46%, with a gain of 7.29% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.85, showing growth from the present price of $4.56, which can serve as yet another indication of whether DH is worth investing in or should be passed over.
How Do You Analyze Definitive Healthcare Corp Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 58.56%. 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 42.67% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DH shares are owned by institutional investors to the tune of 42.67% at present.
