How to Buy Health Catalyst Stock
Health Catalyst Inc
Health Catalyst, Inc. provides data and analytics technology and services to healthcare organizations.
Health Catalyst stock last closed at $5.58, down 2.02% from the previous day, and has decreased 56.84% in one year. It has underperformed other stocks in the Health Information Services industry by 0.29 percentage points. Health Catalyst stock is currently +1.27% from its 52-week low of $5.51, and -61.17% from its 52-week high of $14.37.
At the moment, there are 58.56M HCAT shares outstanding. The market cap of HCAT is $326.78M. In the past 24 hours, 563,701 HCAT shares were traded.
How to Buy Health Catalyst Stock
Not sure how to invest in Health Catalyst stock? Here's how.
- Choose where to buy Health Catalyst stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Health Catalyst stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Select your method of payment and add your details.
- Evaluate Health Catalyst stock: The Health Catalyst ticker symbol is HCAT. Is Health Catalyst stock a good investment? Should you buy shares of HCAT? How do HCAT's underlying business fundamentals look? Do top analysts think Health Catalyst is a good buy? Why has HCAT's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if HCAT is a good stock to buy).
- Place your HCAT purchase: Decide if you will purchase HCAT shares at the current market price or use a limit order to buy HCAT shares at a specific price.
- Get the latest news on your investment in HCAT: Create a watchlist to watch your position in Health Catalyst stock.
Step 1: Choose where to buy Health Catalyst stock
You will need an online brokerage account to access the NASDAQ market and buy HCAT stock.
Our preferred brokerage: eToro
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Get $10 towards your stock purchase by opening an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the best brokerage, you need to fill out some personal information so you are able to invest in HCAT today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open a new trading account.
- Submit your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've finished signing up on the stocks app, your next step is to transfer the money for your investment:
Check out the video below to see the process of depositing money into your brokerage account.
Step 4: Evaluate Health Catalyst stock
Once you have decided on the best place to buy Health Catalyst stock, it's crucial to analyze their stock before you buy, so you actually wrap your head around the risk and opportunity.
Health Catalyst stock at a glance
HCAT Fundamentals
WallStreetZen was built to help part-time investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on HCAT's stock page.
What is the fair value of HCAT stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge HCAT's intrinsic value.
Using relative valuations metrics:
- HCAT may be undervalued based on its P/B ratio of 0.89x, relative to Health Information Services industry P/B ratio of 3.35x
You can access more valuation analysis on HCAT's stock here.
HCAT Financial Summary
Passed Financial Due Diligence Checks:
- There are more short-term assets than long-term liabilities on the HCAT balance sheet.
- Total HCAT debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the HCAT balance sheet.
- HCAT has $317.73M in cash and short term investments. This is sufficient to cover its annual cash burn of $46.24M.
- HCAT has cash burn of 46242000. It has sufficient cash and short-term investments to cover this for at least one year.
Failed Financial Due Diligence Checks:
- HCAT has a relatively high debt to equity ratio of 0.91.
- HCAT profit margin has gone up by 0.1 percentage points in the past year, but the company is still unprofitable.
Is it a good time to buy HCAT stock, according to Wall Street analysts?
Out of 9 Wall Street analysts who track HCAT, the consensus analyst rating on Health Catalyst is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent HCAT Analyst Forecasts
Jack Wallace, a bottom 16% analyst from Guggenheim upgrades HCAT to a strong buy rating and announces their HCAT price target of $14.00, on Jan 26, 2024.
Anne Samuel, a top 39% analyst from JP Morgan upgrades HCAT to a strong buy rating and lowers their HCAT price target from $14.00 to $11.00, on Dec 13, 2023.
David Grossman, a top 14% analyst from Stifel Nicolaus maintains HCAT with a hold rating and lowers their HCAT price target from $15.00 to $12.00, on Nov 1, 2023.
Sean Dodge, a top 34% analyst from RBC Capital maintains HCAT with a hold rating and lowers their HCAT price target from $13.00 to $8.00, on Oct 30, 2023.
You can dig deeper into what analysts are forecasting on the Health Catalyst stock forecast page.
HCAT Technical Indicators
HCAT Earnings
Last year, HCAT revenue was $295.94M. In the last 5 year, HCAT's revenue has gone up by 21.33% per year. This was faster than the Health Information Services industry average of 19.86%.
Find out more about HCAT's earnings and revenue performance here.
Are HCAT insiders buying or selling the stock?
Over the last year, insiders at HCAT have sold more shares than they have bought.
Linda Llewelyn, Chief People Officer of HCAT, was the latest HCAT insider to sell. They sold $12,250.55 worth of HCAT stock on Apr 15, 2024.
Research more about who owns HCAT stock here.
Does HCAT provide a stable income stream?
No, Health Catalyst doesn't provide an income stream by paying out dividends.
What others are saying about HCAT
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your HCAT purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount limit, use a limit order.
Press the Open button and your broker will place the order.
If you want additional info about buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your investment in HCAT
Now that you own some HCAT shares, you'll want to stay up-to-date on your investment.
Put HCAT on a watchlist to get notified of important updates regarding your HCAT stock.
HCAT Feed
How to Buy Stock in Health Catalyst
To summarize, here are the 6 steps for buying Health Catalyst stock:
- Choose where to buy Health Catalyst stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Evaluate Health Catalyst stock
- Place your HCAT purchase
- Get the latest news on your investment in HCAT
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to monitor your investment in Health Catalyst, click below.
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