While Definitive Healthcare Corp has overperformed by 4.65%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DH fell by -42.98%, with highs and lows ranging from $12.45 to $4.38, whereas the simple moving average fell by -26.22% in the last 200 days.
On May 08, 2024, Morgan Stanley Downgraded Definitive Healthcare Corp (NASDAQ: DH) to Equal-Weight. A report published by Needham on January 17, 2024, Downgraded its rating to ‘Hold’ for DH. William Blair initiated its ‘Outperform’ rating for DH, as published in its report on April 19, 2023. BofA Securities’s report from December 09, 2022 suggests a price prediction of $13 for DH shares, giving the stock a ‘Neutral’ rating. Needham also rated the stock as ‘Buy’.
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Analysis of Definitive Healthcare Corp (DH)
Further, the quarter-over-quarter increase in sales is 7.23%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Definitive Healthcare Corp’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 -21.67% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.21, 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 822.75K can be a very valuable indicator of volatility for DH stock. On a monthly basis, the volatility of the stock is set at 4.71%, whereas on a weekly basis, it is put at 5.59%, with a gain of 11.64% over the past seven days. Furthermore, long-term investors anticipate a median target price of $8.45, showing growth from the present price of $5.85, 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?
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 57.11%. 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 42.53% 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 42.53% at present.
