While Phreesia Inc has overperformed by 0.19%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PHR rose by 6.58%, with highs and lows ranging from $30.53 to $17.07, whereas the simple moving average jumped by 16.48% in the last 200 days.
On January 08, 2025, RBC Capital Mkts Upgraded Phreesia Inc (NYSE: PHR) to Outperform. A report published by Truist on February 26, 2024, Initiated its previous ‘Buy’ rating for PHR. DA Davidson also Upgraded PHR shares as ‘Buy’, setting a target price of $32 on the company’s shares in a report dated January 17, 2024. Barclays Initiated an Overweight rating on January 03, 2024, and assigned a price target of $29. Stephens initiated its ‘Overweight’ rating for PHR, as published in its report on April 12, 2023. Needham’s report from January 04, 2023 suggests a price prediction of $40 for PHR shares, giving the stock a ‘Buy’ rating. Citigroup also rated the stock as ‘Buy’.
Analysis of Phreesia Inc (PHR)
Further, the quarter-over-quarter increase in sales is 16.57%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Phreesia Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -31.89% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.73, 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.
An average volume of 405.60K can be a very valuable indicator of volatility for PHR stock. On a monthly basis, the volatility of the stock is set at 3.61%, whereas on a weekly basis, it is put at 4.37%, with a loss of -4.95% over the past seven days. Furthermore, long-term investors anticipate a median target price of $31.93, showing growth from the present price of $27.05, which can serve as yet another indication of whether PHR is worth investing in or should be passed over.
How Do You Analyze Phreesia Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. 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 8.50%. 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 93.82% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PHR shares are owned by institutional investors to the tune of 93.82% at present.
