Cue Health Stock Today
| HLTH Stock | USD 0.09 0.02 14.27% |
Performance0 of 100
| Odds Of DistressOver 72
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Cue Health is trading at 0.0943 as of the 24th of May 2024. This is a -14.27 percent down since the beginning of the trading day. The stock's open price was 0.11. Cue Health has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Cue Health are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of April 2024 and ending today, the 24th of May 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 24th of September 2021 | Category Healthcare | Classification Health Care |
Cue Health Inc., a healthcare technology company, designs and develops diagnostic platform for diagnostic tests for individuals, enterprises, healthcare providers and payors, and public health agencies. Cue Health Inc. was incorporated in 2010 and is headquartered in San Diego, California. The company has 159.09 M outstanding shares of which 632.89 K shares are currently shorted by private and institutional investors with about 1.42 trading days to cover. More on Cue Health
Moving together with Cue Stock
| 0.87 | DH | Definitive Healthcare | PairCorr |
| 0.66 | DOCS | Doximity | PairCorr |
| 0.73 | VEEV | Veeva Systems Class Earnings Call This Week | PairCorr |
| 0.8 | ENSG | Ensign Group | PairCorr |
| 0.74 | FEMY | Femasys | PairCorr |
Moving against Cue Stock
| 0.85 | EHC | Encompass Health Corp | PairCorr |
| 0.71 | CYH | Community Health Systems | PairCorr |
| 0.71 | WGS | GeneDx Holdings Corp | PairCorr |
| 0.69 | THC | Tenet Healthcare | PairCorr |
| 0.69 | GCTK | GlucoTrack | PairCorr |
| 0.42 | DVA | DaVita HealthCare | PairCorr |
Follow Valuation Options Odds of Bankruptcy
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Cue Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Cue Health's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Cue Health or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Measuring and Control Equipment (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Health Care Equipment & Supplies, Health Care Equipment & Services, Health Care, NASDAQ Composite, Measuring and Control Equipment, Health Care, Health Care Equipment & Supplies, Health Information Services, Healthcare (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Cue Health report their recommendations after researching Cue Health's financial statements, talking to executives and customers, or listening in on Cue Health's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Cue Health. The Cue consensus assessment is calculated by taking the average forecast from all of the analysts covering Cue Health. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators obtained from Cue Health's historical financial statements, Cue Health is not in a good financial situation at this time. It has a very high probability of going through financial hardship in June. Financial strength of Cue Health is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Cue Health's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Cue Health's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Cue Health's financial leverage. It provides some insight into what part of Cue Health's total assets is financed by creditors.
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Cue Health (HLTH) is traded on NASDAQ Exchange in USA. It is located in 4980 Carroll Canyon Road, San Diego, CA, United States, 92121 and employs 726 people. Cue Health is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 15 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Cue Health's market, we take the total number of its shares issued and multiply it by Cue Health's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Cue Health conducts business under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 159.09 M outstanding shares of which 632.89 K shares are currently shorted by private and institutional investors with about 1.42 trading days to cover.
Cue Health currently holds about 363.12 M in cash with (137.81 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.45, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Cue Health Probability Of Bankruptcy
Ownership AllocationCue Health retains a total of 159.09 Million outstanding shares. Over half of Cue Health's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Cue Health. Please watch out for any change in the institutional holdings of Cue Health as this could mean something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Cue Ownership Details
Cue Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Cue Health that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Cue Health's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Cue Health's value.| Instituion | Recorded On | Shares | |
| Bleichroeder Lp | 2023-12-31 | 1000 K | |
| Verition Fund Managegment, Llc | 2023-12-31 | 861.4 K | |
| D. E. Shaw & Co Lp | 2023-09-30 | 670.4 K | |
| Renaissance Technologies Corp | 2023-12-31 | 466.6 K | |
| Msd Partners, L.p. | 2023-12-31 | 395.2 K | |
| State Street Corporation | 2023-12-31 | 330.9 K | |
| National Asset Management Inc | 2023-12-31 | 324 K | |
| Koch Industries Inc | 2023-12-31 | 251.5 K | |
| Millennium Management Llc | 2023-12-31 | 250.5 K | |
| Tarsadia Capital, Llc | 2023-12-31 | 10.7 M | |
| Oakmont Corp | 2023-12-31 | 9.6 M |
Cue Health Historical Income Statement
Cue Health Income Statement is one of the three primary financial statements used for reporting Cue's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Cue Health revenue and expense. Cue Health Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Cue Health's Cost Of Revenue is increasing as compared to previous years. View More FundamentalsCue Stock Against Markets
Picking the right benchmark for Cue Health stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Cue Health stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Cue Health is critical whether you are bullish or bearish towards Cue Health at a given time. Please also check how Cue Health's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cue Health without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Cue Health Corporate Management
Elected by the shareholders, the Cue Health's board of directors comprises two types of representatives: Cue Health inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cue. The board's role is to monitor Cue Health's management team and ensure that shareholders' interests are well served. Cue Health's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cue Health's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Erica Esq | General Secretary | Profile | |
| Lorna Williams | Vice Relations | Profile | |
| Allison Blackwell | Chief Officer | Profile | |
| David Arida | Chief Officer | Profile | |
| Ayub Khattak | President, CoFounder | Profile | |
| Nitin Duggal | Chief Officer | Profile | |
| John Gallagher | Chief Officer | Profile |
How to buy Cue Stock?
Before investing in Cue Health, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Cue Health. To buy Cue Health stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Cue Health. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Cue Health stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Cue Health stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Cue Health stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Cue Health, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Cue Stock please use our How to Invest in Cue Health guide.
Already Invested in Cue Health?
The danger of trading Cue Health is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cue Health is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cue Health. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cue Health is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Cue Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cue Health's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cue Health Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cue Health Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Cue Health. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more detail on how to invest in Cue Stock please use our How to Invest in Cue Health guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Cue Stock analysis
When running Cue Health's price analysis, check to measure Cue Health'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 Cue Health is operating at the current time. Most of Cue Health's value examination focuses on studying past and present price action to predict the probability of Cue Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cue Health's price. Additionally, you may evaluate how the addition of Cue Health to your portfolios can decrease your overall portfolio volatility.
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Is Cue Health'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 Cue Health. If investors know Cue 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 Cue Health 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 (0.77) | Earnings Share (2.44) | Revenue Per Share 0.464 | Quarterly Revenue Growth (0.87) | Return On Assets (0.32) |
The market value of Cue Health is measured differently than its book value, which is the value of Cue that is recorded on the company's balance sheet. Investors also form their own opinion of Cue Health's value that differs from its market value or its book value, called intrinsic value, which is Cue Health'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 Cue Health's market value can be influenced by many factors that don't directly affect Cue Health'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 Cue Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cue Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cue Health'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.