While GoodRx Holdings Inc has underperformed by -0.14%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GDRX rose by 22.97%, with highs and lows ranging from $9.37 to $4.14, whereas the simple moving average jumped by 9.43% in the last 200 days.
On April 10, 2024, KeyBanc Capital Markets Upgraded GoodRx Holdings Inc (NASDAQ: GDRX) to Overweight. A report published by Wells Fargo on March 25, 2024, Upgraded its rating to ‘Overweight’ for GDRX. JP Morgan also Upgraded GDRX shares as ‘Overweight’, setting a target price of $10 on the company’s shares in a report dated March 01, 2024. Leerink Partners Initiated an Outperform rating on February 26, 2024, and assigned a price target of $8. BofA Securities January 02, 2024d its ‘Buy’ rating to ‘Underperform’ for GDRX, as published in its report on January 02, 2024. DA Davidson’s report from August 10, 2023 suggests a price prediction of $9.50 for GDRX shares, giving the stock a ‘Buy’ rating. TD Cowen also rated the stock as ‘Outperform’.
Analysis of GoodRx Holdings Inc (GDRX)
Further, the quarter-over-quarter increase in sales is 6.81%, showing a positive trend in the upcoming months.
One of the most important indicators of GoodRx Holdings Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -1.12% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 7.12, 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.
For any stock, average volume can also provide valuable insight into volatility, and GDRX is recording 1.33M average volume. On a monthly basis, the volatility of the stock is set at 4.26%, whereas on a weekly basis, it is put at 4.20%, with a gain of 7.08% over the past seven days. Furthermore, long-term investors anticipate a median target price of $8.78, showing growth from the present price of $6.96, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of 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 80.57%. 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 13.31% 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 13.31% at present.
