Overall market sentiment has been high on Health Catalyst Inc (HCAT) stock lately. HCAT receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With HCAT Stock Today?
Health Catalyst Inc (HCAT) stock has fallen -1.84% while the S&P 500 has gained 0.22% as of 11:08 AM on Friday, Apr 16. HCAT is down -$0.95 from the previous closing price of $51.85 on volume of 340,967 shares. Over the past year the S&P 500 has risen 50.16% while HCAT has gained 96.53%. HCAT lost -$2.91 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Health Catalyst Inc click here.
More About Health Catalyst Inc
Health Catalyst Inc is engaged in providing data and analytics technology and services to healthcare organizations. It has two operating segments. The Technology segment, which is the key revenue driver, includes data platform, analytics applications and support services. This generates revenues primarily from contracts that are cloud-based subscription arrangements, time-based license arrangements, and maintenance and support fees; and Professional Services segment is generally the combination of analytics, implementation, strategic advisory, outsource, and improvement services to deliver expertise to its customers to more fully configure and utilize the benefits of the technology offerings.
Click Here to get the full Stock Score Report on Health Catalyst Inc (HCAT) Stock.
