The Vanguard Group, Inc. has recently announced that it has increased stake in Guardant Health Inc. (NASDAQ:GH) by 2.05%. After grabbing 9.09 million shares, the institutional investor is now in possession of 0.18 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 8.85% having worth around $204.97 million. Moreover, BlackRock Fund Advisors increased its share by 0.22 million to have a control over 4.65 million shares. And Temasek Holdings Pte Ltd. raised its holdings to 2.04 million shares by acquiring 3.66 million shares or 3.57% of the stake.
Guardant Health Inc. (GH) concluded trading on 05/25/23 at a closing price of $27.87, with 3.72 million shares of worth about $103.73 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -40.74% during that period and on Thursday the price saw a loss of about -2.59%. Currently the company’s common shares owned by public are about 102.66M shares, out of which, 97.63M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 21 analysts are covering the GH stock and their offered price forecasts bring an average price target of $53.29. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $85.00 and could fall to a lowest price of $28.00. The stock’s current price level is 47.99% above of average price target set by the analysts, while a rise to estimated low would result in gain of 0.46% for the stock. However, touching the estimated high of $85.00 would mean a gain of 67.21% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 76 times over the past 12 months. They bought 249,504 shares in 51 of the transactions. In 25 selling transactions, insiders dumped 38,729 shares.
American Funds Growth Fund of Ame, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Guardant Health Inc. American Funds Growth Fund of Ame is currently holding 3.07 million shares of worth totaling $69.24 million. The company recently came selling -0.65 million shares which brought its stake up to 2.99% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 32130.0 shares, after which its hold over company’s outstanding shares expand to 2.96%, leaving 3.04 million shares with the mutual fund that have a worth of about $68.61 million. Vanguard Small Cap Index Fund, after selling 2.55 million shares, have now control over 2.49% of the stake in the company. It holds 624.0 shares of worth $57.57 million.
Guardant Health Inc. (NASDAQ: GH) started trading at $28.94, above $0.33 from concluding price of the previous day. However, the stock later moved at a day high price of 29.46, or with a loss of -2.59%. Stock saw a price change of -5.59% in past 5 days and over the past one month there was a price change of 33.09%. Year-to-date (YTD), GH shares are showing a performance of 2.46% which decreased to -25.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $20.67 but also hit the highest price of $62.75 during that period. The average intraday trading volume for Guardant Health Inc. shares is 1.95 million. The stock is currently trading 7.33% above its 20-day simple moving average (SMA20), while that difference is up 11.26% for SMA50 and it goes to -26.55% lower than SMA200.
The Vanguard Group, Inc. acquired 9.09 million shares of Guardant Health Inc. having value of about $204.97 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.18 million shares in the company valued at close to $5083097.82, or have control over 2.05% stake in the company. Guardant Health Inc. (NASDAQ: GH) currently have 102.66M outstanding shares and institutions hold larger chunk of about 94.00% of that. Holding of mutual funds in the company is about 37.79% while other institutional holders and individual stake holders have control over 52.27% and 35.44% of the stake respectively.
The stock has a current market capitalization of $2.81B and its 3Y-monthly beta is at 0.77. It has posted earnings per share of -$6.50 in the same period. It has Quick Ratio of 5.20. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GH, volatility over the week remained 4.89% while standing at 5.84% over the month.
Analysts are in expectations that Guardant Health Inc. (GH) stock would likely to be making an EPS of -$1.2 in the current quarter, while forecast for next quarter EPS is -$1.12 and it is -$3.96 for next year. For the current quarter EPS, analysts have given the company a lowest target -$1.38 which is -$0.72 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$2.25 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -60.00% while it is estimated to increase by 14.80% in next year.
Analysts at 21 brokerage firms have issued recommendations for the Guardant Health Inc. (GH)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.80. Out of those 21 Wall Street analysts, 17 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
