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Wednesday, February 1, 2023

Guardant Health Inc. (NASDAQ: GH) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Guardant Health Inc. (GH) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.32, or 1.18%, to $27.35. The Guardant Health Inc. has recorded 17,302 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Guardant Health to Participate in the 41st Annual J.P. Morgan Healthcare Conference.

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Stocks Info

Guardant Health Inc. is listed on the NASDAQ in the Healthcare sector while operating in the Diagnostics & Research industry. At the end of the last regular session, the stock closed at $27.03 and fluctuated between $27.58 as its day high and $25.86 as its day low. The current market capitalization of Guardant Health Inc. is $2.75B. A total of 1.72 million shares were traded on the day, compared to an average of 1.49M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, GH has seen 7 BUY and 4 SELL insider trades, representing the acquisition of 2,153 and the disposition of 3,624 shares. Over the last 12 months, there were 29 BUYs and 22 SELLs from insiders. Insiders purchased 58,357 shares during that period but sold 41,344.

In the most recent transaction, Kalia Kumud sold 3,125 shares of GH for 51.87 per share on Nov 15. After the transaction, the Chief Information Officer now owns 20,135 company shares. In a previous transaction on Aug 17, Kalia Kumud sold 2,000 shares at 51.39 per share. GH shares that Chief Information Officer owns now total 18,530.

Among the insiders who sold shares, Merrill Amelia disposed of 4,500 shares on Aug 12 at a per-share price of $54.32. This resulted in the SVP, People holding 20,208 shares of GH after the transaction. In another insider transaction, Merrill Amelia sold 4,500 shares at $53.38 per share on Aug 11. Company shares held by the SVP, People now total 24,708.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for GH in the last 3 months, the mean price target is $66.81 with high estimates of $90.00 and low estimates of $36.00. In terms of 52-week highs and lows, GH has a high of $100.00 and a low of $24.63.

As of this writing, GH has an earnings estimate of -$1.26 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of -$1.04 per share and a lower estimate of -$1.66.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 20 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GH is Sell with a score of 4.67. A total of 17 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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