Morgan Stanley raised the price target for the Bright Health Group Inc. (NYSE:BHG) stock from “an Equal-weight” to “an Overweight”. The rating was released on August 04, 2021. We previously noted in another research note published on August 04, 2021 by Citigroup that upgraded the stock from a Neutral to a Buy with a price target of $12 for BHG stock. The research report from Wolfe Research has initiated the stock to Peer Perform, with a price target set at $15. The stock was initiated by RBC Capital Mkts, who disclosed in a research note on July 19, 2021, to Outperform and set the price objective to $22. In their research brief published July 19, 2021, Piper Sandler analysts initiated the Bright Health Group Inc. stock to Overweight with a price target of $24.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Bright Health Group Inc. (NYSE:BHG) raised 6.75% to close Thursday’s market session at $9.01, higher as compared to yesterday’s close. The stock price fluctuated between $8.51 and $9.7999 throughout the trading session with the volume trading being 3299507 shares, which represented a significant variation when compared to the three months average volume of 2.02 million shares. The firm’s stock price fluctuated 0.56% within the last five trades and -43.62% within the last 30 trades, which was a significant change from the beginning of this year. BHG stock is trading at a margin of -19.39%, -32.96% and -32.96% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, BHG deals in the Healthcare domain. The stock is trading -49.75 percent below its 52-week high and 12.91 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is null. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Bright Health Group Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $5.57 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.96 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.20 percent of Bright Health Group Inc. shares are owned by insiders, and 60.20 percent are held by financial institutions. Kadre Manuel, the Director at Bright Health Group Inc. (BHG) has bought 50,000 shares of firm on Aug 04 at a price of $8.65 against the total amount of $0.43 million. In another inside trade, IMMELT JEFFREY R, Director of Bright Health Group Inc. (NYSE:BHG) bought 114,000 shares of the firm on Aug 04 for a total worth of $1.0 million at a price of $8.80. An inside trade which took place on Jun 28, 10% Owner of Bright Health Group Inc. SANDELL SCOTT D bought 1,944,444 shares of firm against total price of $35.0 million at the cost of $18.00 per share.