Cue Health, maker of COVID-19 tests, completed its initial public offering at $16 per share, right in the middle of its pricing expectations. The IPO raised $200 million for the company and gives it a valuation of $2.3 billion.
HLTH will debut on the Nasdaq later today, but shares are available for limit orders on Robinhood and other platforms.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, Cue Health's shares have ranged in value from as little as $0.1301 up to $0.96. 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 Cue Health's is 1.224. This would suggest that Cue Health's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Historical closes compared with the last close of $0.14
| 1 week (2024-04-29) | 2.94% |
|---|---|
| 1 month (2024-04-04) | -19.49% |
| 3 months (2024-02-06) | -40.90% |
| 6 months (2023-11-06) | -54.10% |
| 1 year (2023-05-04) | -81.84% |
| 2 years (2022-05-05) | -97.85% |
| 3 years (2021-04-30) | N/A |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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