Goosehead Insurance Inc (NASDAQ:GSHD) shares, rose in value on Friday, 06/24/22, with the stock price up by 8.88% to the previous day’s close as strong demand from buyers drove the stock to $50.26.
Actively observing the price movement in the last trading, the stock closed the session at $46.16, falling within a range of $46.41 and $51.57. The value of beta (5-year monthly) was 0.66 whereas the PE ratio was 304.61 over 12-month period. Referring to stock’s 52-week performance, its high was $181.30, and the low was $39.00. On the whole, GSHD has fluctuated by 3.89% over the past month.
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With the market capitalization of Goosehead Insurance Inc currently standing at about $1.81 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 27, 2022 – May 02, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.21, which is expected to increase to $0.27 for fiscal year $0.77 and then to about $1.29 by fiscal year 2023. Data indicates that the EPS growth is expected to be 60.40% in 2023, while the next year’s EPS growth is forecast to be 67.50%.
Analysts have estimated the company’s revenue for the quarter at $51.64 million, with a low estimate of $51.15 million and a high estimate of $52.24 million. According to the average forecast, sales growth in current quarter could jump up 35.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $207.32 million, representing an increase of 37.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GSHD’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 7.73, with the price of GSHD currently trading nearly 4.43% and -4.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.33, while the 7-day volatility ratio is showing 7.85% which for the 30-day chart, stands at 7.38%. Furthermore, Goosehead Insurance Inc (GSHD)’s beta value is 1.03, and its average true range (ATR) is 3.68.
Data on historical trading for Goosehead Insurance Inc (NASDAQ:GSHD) indicates that the trading volumes over the past 3 months, they’ve averaged 265.61K. According to company’s latest data on outstanding shares, there are 20.24 million shares outstanding.
The stock has fallen by -61.36% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GSHD stock heading into the next quarter.
Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.