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Change Healthcare Inc is a health information services business based in the US. Change Healthcare shares (CHNG) are listed on the NASDAQ and all prices are listed in US Dollars. Change Healthcare employs 15,000 staff and has a trailing 12-month revenue of around USD$891 million.
Since the stock market crash in March caused by coronavirus, Change Healthcare's share price has had significant negative movement.
Its last market close was USD$15.09, which is 5.75% down on its pre-crash value of USD$16.01 and 144.17% up on the lowest point reached during the March crash when the shares fell as low as USD$6.18.
If you had bought USD$1,000 worth of Change Healthcare shares at the start of February 2020, those shares would have been worth USD$528.12 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$976.62.
|Latest market close||USD$15.09|
|52-week range||USD$6.18 - USD$17.57|
|50-day moving average||USD$14.3474|
|200-day moving average||USD$12.1448|
|Wall St. target price||USD$18|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$-0.959|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-10-13)||1.82%|
|1 month (2020-09-18)||2.44%|
|3 months (2020-07-20)||38.06%|
|6 months (2020-04-20)||44.68%|
|1 year (2019-10-18)||18.73%|
|2 years (2018-10-16)||N/A|
|3 years (2017-10-16)||N/A|
|5 years (2015-10-16)||N/A|
Valuing Change Healthcare stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Change Healthcare's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Change Healthcare's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 943.3665. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Change Healthcare's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
|Revenue TTM||USD$891 million|
|Gross profit TTM||USD$112.7 million|
|Return on assets TTM||-1.77%|
|Return on equity TTM||-44.33%|
|Market capitalisation||USD$4.5 billion|
TTM: trailing 12 months
There are currently 12.5 million Change Healthcare shares held short by investors – that's known as Change Healthcare's "short interest". This figure is 10.8% down from 14.0 million last month.
There are a few different ways that this level of interest in shorting Change Healthcare shares can be evaluated.
Change Healthcare's "short interest ratio" (SIR) is the quantity of Change Healthcare shares currently shorted divided by the average quantity of Change Healthcare shares traded daily (recently around 2.8 million). Change Healthcare's SIR currently stands at 4.47. In other words for every 100,000 Change Healthcare shares traded daily on the market, roughly 4470 shares are currently held short.
However Change Healthcare's short interest can also be evaluated against the total number of Change Healthcare shares, or, against the total number of tradable Change Healthcare shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Change Healthcare's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 Change Healthcare shares in existence, roughly 40 shares are currently held short) or 0.0512% of the tradable shares (for every 100,000 tradable Change Healthcare shares, roughly 51 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Change Healthcare.
Find out more about how you can short Change Healthcare stock.
We're not expecting Change Healthcare to pay a dividend over the next 12 months.
Change Healthcare Inc., an independent healthcare technology platform, provides data and analytics-driven solutions to enhance clinical, financial, administrative, and patient engagement outcomes in the United States healthcare system. It operates through three segments: Software and Analytics, Network Solutions, and Technology-Enabled Services. The Software and Analytics segment offers software and analytics solutions for financial performance, payment accuracy, clinical decision management, value-based payment, provider and consumer engagement, and imaging and clinical workflow. The Network Solutions segment enables financial, administrative, and clinical transactions; electronic business-to-business and consumer-to-business payments; and aggregation and analytics of clinical and financial data. The Technology-Enabled Services segment provides solutions for financial and administrative management, value-based care, communication and payment, pharmacy benefits administration, and healthcare consulting. The company was founded in 2016 and is headquartered in Nashville, Tennessee.
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