How Will the Market React to Health Catalyst Inc (HCAT) Stock Getting a Bearish Rating

The market has been down on Health Catalyst Inc (HCAT) stock recently. HCAT gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Health Catalyst Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on HCAT!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With HCAT Stock Today?

Health Catalyst Inc (HCAT) stock is trading at $9.78 as of 2:19 PM on Monday, Sep 26, a gain of $0.44, or 4.71% from the previous closing price of $9.34. The stock has traded between $9.39 and $9.98 so far today. Volume today is low. So far 590,591 shares have traded compared to average volume of 1,129,837 shares.

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 Report for Health Catalyst Inc stock.