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Taking a Closer Look At Health Catalyst Inc (HCAT) Following Its Recent Trade

Health Catalyst Inc’s recent filing unveils that its Officer Kevin Freeman acquired Company’s shares for reported $20152.0 on Sep 03 ’24. In the deal valued at $7.27 per share,2,772 shares were bought.

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Then, Benjamin Landry bought 1,222 shares, generating $8,884 in total proceeds.

Before that, Daniel Burton bought 4,174 shares. Health Catalyst Inc shares valued at $30,345 were divested by the Officer at a price of $7.27 per share.

KeyBanc Capital Markets downgraded its Health Catalyst Inc [HCAT] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in early January from “an In-line” to “an Outperform”. Barclays began covering HCAT with “an Overweight” recommendation on January 03, 2024. JP Morgan revised its rating on December 13, 2023. It rated HCAT as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of HCAT

On Tuesday, Health Catalyst Inc [NASDAQ:HCAT] saw its stock jump 0.83% to $7.25. Over the last five days, the stock has gained 1.26%. Health Catalyst Inc shares have fallen nearly -21.71% since the year began. Nevertheless, the stocks have fallen -37.98% over the past one year. While a 52-week high of $12.05 was reached on 01/12/24, a 52-week low of $5.42 was recorded on 08/07/24. SMA at 50 days reached $6.77, while 200 days put it at $7.61.

Levels Of Support And Resistance For HCAT Stock

The 24-hour chart illustrates a support level at 7.04, which if violated will result in even more drops to 6.82. On the upside, there is a resistance level at 7.45. A further resistance level may holdings at 7.64. The Relative Strength Index (RSI) on the 14-day chart is 55.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.97%. Stochastics %K at 75.00% indicates the stock is a holding.

How much short interest is there in Health Catalyst Inc?

A steep rise in short interest was recorded in Health Catalyst Inc stocks on 2024-08-15, dropping by -0.34 million shares to a total of 2.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 2.43 million shares. There was a decline of -16.28%, which implies that there is a negative sentiment for the stock.

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