For its second fiscal quarter (ending July 31), HealthEquity Inc (NASDAQ: HQY) has reported a 242% increase in E.P.S. from $0.12 a year ago to $0.41 in the current quarter. For the latest four quarters through July 31, E.P.S. were $1.22 versus $0.15 for the same period a year ago — an increase of 713%.
Recent Price Action
HealthEquity Inc (NASDAQ: HQY) stock closed at $78.63 on 9/3/24 after a modest decline of -1.2%. Moreover, trading volume in this decline was exceptionally high at 201% of normal. The stock has risen 2.6% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
HQY is expected to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
HealthEquity has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. HealthEquity has a poor Appreciation Score of 19 but a slightly positive Power Rating of 69, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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