How to buy Change Healthcare stock | $23.44

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 0.00.

Change Healthcare stock price (NASDAQ: CHNG)

Use our graph to track the performance of CHNG stocks over time.

Change Healthcare shares at a glance

• Key figures

Information last updated 2021-07-28.

Latest market close	$23.44
52-week range	$11.56 - $24.20
50-day moving average	$22.82
200-day moving average	$23.04
Wall St. target price	$25.44
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	$-0.96

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Is it a good time to buy Change Healthcare stock?

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.

Technical Analysis of Change Healthcare Inc by TradingView

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.

Change Healthcare price performance over time

Historical closes compared with the close of $23.44 from 2021-05-28

1 week (2021-07-19)	N/A
1 month (2021-06-30)	1.74%
3 months (2021-04-30)	2.14%
6 months (2021-01-26)	N/A

1 year (2020-07-26)	N/A
2 years (2019-07-26)	N/A
3 years (2018-07-26)	N/A
5 years (2016-07-26)	N/A

Is Change Healthcare under- or over-valued?

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 PEG ratio

Change Healthcare's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 853.4622. 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.

Change Healthcare's EBITDA

Change Healthcare's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $573.7 million.

The EBITDA is a measure of a Change Healthcare's overall financial performance and is widely used to measure a its profitability.

Change Healthcare financials

Revenue TTM	$3.1 billion
Operating margin TTM	1.75%
Gross profit TTM	$1.6 billion
Return on assets TTM	0.33%
Return on equity TTM	-3.43%
Profit margin	-3.63%
Book value	$10.60
Market capitalisation	$6.8 billion

TTM: trailing 12 months

Shorting Change Healthcare shares

There are currently 11.3 million Change Healthcare shares held short by investors – that's known as Change Healthcare's "short interest". This figure is 1% down from 11.4 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)

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 1.7 million). Change Healthcare's SIR currently stands at 6.61. In other words for every 100,000 Change Healthcare shares traded daily on the market, roughly 6610 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 0.0454% of the tradable shares (for every 100,000 tradable Change Healthcare shares, roughly 45 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly 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.

Change Healthcare share dividends

We're not expecting Change Healthcare to pay a dividend over the next 12 months.

Change Healthcare share price volatility

Over the last 12 months, Change Healthcare's shares have ranged in value from as little as $11.56 up to $24.2. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Change Healthcare's is 1.5005. This would suggest that Change Healthcare's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Change Healthcare overview

Change Healthcare Inc. , an independent healthcare technology company, 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 revenue cycle management, provider network management, payment accuracy, clinical decision support, value-based payment, consumer engagement, risk adjustment and quality performance, and imaging and clinical workflow. The Network Solutions segment provides solutions for financial, administrative, and clinical and pharmacy transactions; connected consumer health; intelligent healthcare network; electronic business-to-business and consumer-to-business payments; data; and aggregation and analytics of clinical and financial data. The Technology-Enabled Services segment offers solutions for financial and administrative management, value-based care, communication and payment, pharmacy benefits administration, and healthcare consulting. The company serves commercial insurers, private insurers, BlueCross Blue Shield plans, Medicare/Medicaid plans, provider-sponsored payers, third party administrators, emerging technology and data-driven health plans, and other specialty health benefits insurers, as well as hospitals and health systems, physician practices, dentists, pharmacies, skilled nursing facilities, home health agencies, telehealth providers, senior care facilities, laboratories, and other healthcare providers.

Frequently asked questions

What percentage of Change Healthcare is owned by insiders or institutions?
Currently 0.395% of Change Healthcare shares are held by insiders and 97.182% by institutions. How many people work for Change Healthcare?
Latest data suggests 15,000 work at Change Healthcare. When does the fiscal year end for Change Healthcare?
Change Healthcare's fiscal year ends in March. Where is Change Healthcare based?
Change Healthcare's address is: 424 Church Street, Nashville, TN, United States, 37219 What is Change Healthcare's ISIN number?
Change Healthcare's international securities identification number is: US15912K1007 What is Change Healthcare's CUSIP number?
Change Healthcare's Committee on Uniform Securities Identification Procedures number is: 15912K100