Definitive Healthcare Corp (NASDAQ:DH) price on Wednesday, May 09, fall -26.21% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.35.
A look at the stock’s price movement, the close in the last trading session was $7.25. Turning to its 52-week performance, $12.45 and $5.53 were the 52-week high and 52-week low respectively. Overall, DH moved -31.93% over the past month.
Definitive Healthcare Corp’s market cap currently stands at around $630.18 million.
Analysts have a consensus estimate of 63.48M for the company’s revenue for the quarter, with a low and high estimate of 63.6M and 64.68M respectively. The average forecast suggests up to a 7.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 266.27M, representing a 5.90% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that DH is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 75% Sell category.
DH’s current price about -25.53% and -31.43% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 24.54, while 7-day volatility ratio is 7.34% and 5.01% in the 30-day chart. Further, Definitive Healthcare Corp (DH) has a beta value of 1.42, and an average true range (ATR) of 0.49.
If we refocus on Definitive Healthcare Corp (NASDAQ:DH), historical trading data shows that trading volumes averaged 500.36K over the past 3 months. The company’s latest data on shares outstanding shows there are 116.56 million shares.
The 3.37% of Definitive Healthcare Corp’s shares are in the hands of company insiders while institutional holders own 45.43% of the company’s shares. Current price change has pushed the stock -46.18% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DH stock continues to rise going into the next quarter.