Goosehead Insurance Stock Price on February 28, 2024
| GSHD Stock | USD 60.28 1.65 2.81% |
Below is the normalized historical share price chart for Goosehead Insurance extending back to April 27, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Goosehead Insurance stands at 60.28, as last reported on the 7th of May, with the highest price reaching 61.39 and the lowest price hitting 58.39 during the day.
If you're considering investing in Goosehead Stock, it is important to understand the factors that can impact its price. Goosehead Insurance holds Efficiency (Sharpe) Ratio of -0.0876, which attests that the entity had a -0.0876% return per unit of risk over the last 3 months. Goosehead Insurance exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Goosehead Insurance's Standard Deviation of 3.84, risk adjusted performance of (0.04), and Market Risk Adjusted Performance of (0.30) to validate the risk estimate we provide.
At present, Goosehead Insurance's Liabilities And Stockholders Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 108.4 M, whereas Common Stock Total Equity is forecasted to decline to about 401.8 K. . At present, Goosehead Insurance's Price Earnings To Growth Ratio is projected to slightly decrease based on the last few years of reporting. The current year's Price To Book Ratio is expected to grow to 33.68, whereas Price Earnings Ratio is forecasted to decline to 89.88. Goosehead Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 27th of April 2018 | 200 Day MA 70.8231 | 50 Day MA 66.6008 | Beta 1.27 |
Goosehead |
Sharpe Ratio = -0.0876
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | GSHD |
Estimated Market Risk
| 3.92 actual daily | 34 66% of assets are more volatile |
Expected Return
| -0.34 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Goosehead Insurance is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Goosehead Insurance by adding Goosehead Insurance to a well-diversified portfolio.
Price Book 25.9126 | Price Sales 8.4915 | Shares Float 24.3 M | Wall Street Target Price 77.22 | Earnings Share 0.6 |
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Goosehead Insurance Valuation on February 28, 2024
It is possible to determine the worth of Goosehead Insurance on a given historical date. On February 28, 2024 Goosehead was worth 75.1 at the beginning of the trading date compared to the closed value of 76.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Goosehead Insurance stock. Still, in general, we apply an absolute valuation method to find Goosehead Insurance's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Goosehead Insurance where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Goosehead Insurance's related companies.
| Open | High | Low | Close | Volume | |
| 74.71 | 74.86 | 72.01 | 74.29 | 385,775 | |
02/28/2024 | 75.10 | 76.10 | 74.24 | 76.00 | 344,509 |
| 76.83 | 77.75 | 74.13 | 75.65 | 458,072 |
| Backtest Goosehead Insurance | | | Goosehead Insurance History | | | Goosehead Insurance Valuation | Previous | Next |
Goosehead Insurance Trading Date Momentum on February 28, 2024
| On February 29 2024 Goosehead Insurance was traded for 75.65 at the closing time. The top price for the day was 77.75 and the lowest listed price was 74.13 . The trading volume for the day was 458.1 K. The trading history from February 29, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.46% . The overall trading delta against the current closing price is 3.70% . |
Goosehead Insurance Fundamentals Correlations and Trends
By evaluating Goosehead Insurance's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Goosehead Insurance's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Goosehead financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Goosehead Insurance Stock history
Goosehead Insurance investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Goosehead is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Goosehead Insurance will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Goosehead Insurance stock prices may prove useful in developing a viable investing in Goosehead Insurance
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 38.4 M | 19.9 M | |
| Net Income Applicable To Common Shares | 649.8 K | 901.8 K |
Goosehead Insurance Stock Technical Analysis
Goosehead Insurance technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Goosehead Insurance Period Price Range
Low | February 28, 2024
| High |
75.10 | 76.00 |
Goosehead Insurance May 7, 2024 Market Strength
Market strength indicators help investors to evaluate how Goosehead Insurance stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Goosehead Insurance shares will generate the highest return on investment. By undertsting and applying Goosehead Insurance stock market strength indicators, traders can identify Goosehead Insurance entry and exit signals to maximize returns
| Accumulation Distribution | 8420.33 | |||
| Daily Balance Of Power | 0.4839 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 75.17 | |||
| Day Typical Price | 75.45 | |||
| Price Action Indicator | 1.28 | |||
| Period Momentum Indicator | (15.72) |
Goosehead Insurance Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Goosehead Insurance's price direction in advance. Along with the technical and fundamental analysis of Goosehead Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Goosehead to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (0.31) |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goosehead Insurance. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For information on how to trade Goosehead Stock refer to our How to Trade Goosehead Stock guide.Note that the Goosehead Insurance information on this page should be used as a complementary analysis to other Goosehead Insurance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Goosehead Stock analysis
When running Goosehead Insurance's price analysis, check to measure Goosehead Insurance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Goosehead Insurance is operating at the current time. Most of Goosehead Insurance's value examination focuses on studying past and present price action to predict the probability of Goosehead Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goosehead Insurance's price. Additionally, you may evaluate how the addition of Goosehead Insurance to your portfolios can decrease your overall portfolio volatility.
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Is Goosehead Insurance's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Goosehead Insurance. If investors know Goosehead will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Goosehead Insurance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 5.55 | Earnings Share 0.6 | Revenue Per Share 10.922 | Quarterly Revenue Growth 0.116 | Return On Assets 0.0581 |
The market value of Goosehead Insurance is measured differently than its book value, which is the value of Goosehead that is recorded on the company's balance sheet. Investors also form their own opinion of Goosehead Insurance's value that differs from its market value or its book value, called intrinsic value, which is Goosehead Insurance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Goosehead Insurance's market value can be influenced by many factors that don't directly affect Goosehead Insurance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Goosehead Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Goosehead Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goosehead Insurance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.