By Mill Chart
Last update: Oct 10, 2023
In this article we will dive into HEALTHEQUITY INC (NASDAQ:HQY) as a possible candidate for growth investing. Investors should always do their own research, but we noticed HEALTHEQUITY INC showing up in our strong growth, ready to breakout screen, which makes it worth to investigate a bit more.
To evaluate a stock's growth potential, ChartMill utilizes a Growth Rating on a scale of 0 to 10. This comprehensive assessment considers various growth aspects, including historical and estimated EPS and revenue growth. NASDAQ:HQY has achieved a 8 out of 10:
A critical element of ChartMill's stock evaluation is the Health Rating, which spans from 0 to 10. This rating considers multiple health factors, including liquidity and solvency, both in absolute terms and relative to industry peers. NASDAQ:HQY has received a 7 out of 10:
ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NASDAQ:HQY was assigned a score of 5 for profitability:
Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NASDAQ:HQY currently holds a 8 as its setup rating, suggesting a particular level of consolidation in the stock.
HQY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 71.00, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
Our Strong Growth screener lists more Strong Growth stocks and is updated daily.
Our latest full fundamental report of HQY contains the most current fundamental analsysis.
For an up to date full technical analysis you can check the technical report of HQY
This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.
HEALTHEQUITY INC
NASDAQ:HQY (4/23/2024, 9:35:32 AM)
81.15
-0.04 (-0.05%)
Why HEALTHEQUITY INC (NASDAQ:HQY) Is a Standout High-Growth Stock in a Consolidation Phase.
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HQY stock results show that HealthEquity beat analyst estimates for earnings per share and beat on revenue for the fourth quarter of 2024.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips HealthEquity (NASDAQ:HQY) just reported results for the fourth quarter of 2024....
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