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Highlights
- GoHealth's stock opened at $17.73 with a 52-week low of $7.27 and a high of $17.83.
- The company holds a market cap of $406.19 million, with a price-to-earnings ratio of -5.07.
- Financial indicators include a debt-to-equity ratio of 1.72, a quick ratio of 1.18, and a current ratio of 1.18.
GoHealth, Inc. (NASDAQ:GOCO), a company in the healthcare services sector, recently opened with its stock price set at $17.73. This reflects the price behavior of the stock in the market, which has fluctuated between a low of $7.27 and a high of $17.83 over the past year. GoHealth operates in the telehealth and health insurance brokerage space, providing a range of services to consumers looking for health plans and related healthcare services.
Market Capitalization and Stock Volatility
GoHealth's market capitalization stands at approximately $406.19 million, a key indicator of the company's size relative to its competitors in the healthcare services industry. The price-to-earnings ratio (P/E ratio) of the company is currently at -5.07, which reflects the negative earnings recorded during its most recent fiscal period. This figure is significant in evaluating how the market values GoHealth in comparison to its earnings performance.
The company also has a beta of 1.64, which suggests that its stock price is more volatile than the broader market. A higher beta indicates that the stock is likely to experience greater price swings in either direction in response to market events and sector developments.
Financial Ratios and Liquidity
GoHealth's financial stability is reflected through various key ratios. The company's debt-to-equity ratio is 1.72, which indicates that GoHealth has a significant amount of debt relative to its equity. A higher debt-to-equity ratio can suggest higher financial leverage, which might indicate increased risk in the case of unfavorable economic conditions.
The quick ratio and current ratio both stand at 1.18. These liquidity measures are used to assess the ability of the company to meet its short-term liabilities with its liquid assets. A ratio above one suggests that GoHealth has enough resources to cover its immediate obligations.
Moving Averages
The company's stock price is also influenced by its moving averages. The 50-day simple moving average (SMA) is recorded at $12.72, which provides insight into the average price of the stock over the past 50 days. The 200-day SMA is higher, at $11.17, providing a longer-term view of the stock's price trend.
These moving averages are often used by market participants to track the price momentum of a stock, as prices above the moving averages can suggest bullish trends, while prices below may indicate bearish sentiment. GoHealth's position relative to these averages reflects its recent performance in the market.
