Stock Rating Downgrade
The Value Trend Rating for HealthEquity Inc (NASDAQ: HQY) weakened of late from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 11/10/23, HealthEquity Inc (NASDAQ: HQY) stock increased 1.8%, closing at $68.99. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 3.8% during the last week.
Current PriceTarget Research Rating
HQY is expected to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
HealthEquity has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. HealthEquity has a slightly negative Appreciation Score of 31 but a very high Power Rating of 91, producing the High Neutral Value Trend Rating.
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