Gohealth Stock Today

GOCO Stock  USD 10.51  0.49  4.45%   

Performance

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Odds Of Distress

Over 51

 
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GoHealth is selling at 10.51 as of the 29th of March 2024; that is -4.45% down since the beginning of the trading day. The stock's open price was 11.0. GoHealth has 51 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for GoHealth are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Insurance
IPO Date
15th of July 2020
Category
Financial Services
Classification
Financials
GoHealth, Inc. operates as a health insurance marketplace and Medicare focused digital health company in the United States. GoHealth, Inc. was founded in 2001 and is headquartered in Chicago, Illinois with additional offices in Charlotte, North Carolina, Lindon, Utah, Bratislava, Slovakia, and Kosice, Slovakia. The company has 9.7 M outstanding shares of which 205.14 K shares are currently shorted by private and institutional investors with about 19.28 trading days to cover. More on GoHealth

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GoHealth 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. GoHealth's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding GoHealth or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic IdeaInsurance Providers (View all Themes)
Old NameGoCo Group plc
Business ConcentrationProperty & Casualty Insurance, Insurance Brokers, Financial Services, NASDAQ Composite, Insurance Providers, Financials, Insurance, Insurance Brokers, Financial Services (View all Sectors)
Average Analyst Recommendation
Analysts covering GoHealth report their recommendations after researching GoHealth's financial statements, talking to executives and customers, or listening in on GoHealth's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering GoHealth. The GoHealth consensus assessment is calculated by taking the average forecast from all of the analysts covering GoHealth.
Financial Strength
Based on the key indicators obtained from GoHealth's historical financial statements, GoHealth is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in April. Financial strength of GoHealth is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.680.4899
Significantly Up
Slightly volatile
Gross Profit Margin0.550.6397
Fairly Down
Very volatile
Net Debt402.4 M501.5 M
Significantly Down
Slightly volatile
Total Current Liabilities209.2 M370 M
Way Down
Slightly volatile
Non Current Liabilities Total720.3 M674.6 M
Notably Up
Slightly volatile
Total Assets1.7 B1.5 B
Significantly Up
Slightly volatile
Total Current Assets350.1 M476.4 M
Way Down
Slightly volatile
GoHealth's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to GoHealth'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 GoHealth's financial leverage. It provides some insight into what part of GoHealth's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on GoHealth's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how GoHealth deploys its capital and how much of that capital is borrowed.
Liquidity
GoHealth cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 592.35 M in liabilities with Debt to Equity (D/E) ratio of 0.97, which is about average as compared to similar companies. GoHealth has a current ratio of 1.79, which is within standard range for the sector. Debt can assist GoHealth until it has trouble settling it off, either with new capital or with free cash flow. So, GoHealth's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like GoHealth sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for GoHealth to invest in growth at high rates of return. When we think about GoHealth's use of debt, we should always consider it together with cash and equity.

Change In Working Capital

121.92 Million
GoHealth (GOCO) is traded on NASDAQ Exchange in USA. It is located in 222 West Merchandise Mart Plaza, Chicago, IL, United States, 60654 and employs 2,530 people. GoHealth is listed under Property & Casualty Insurance category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 242.61 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate GoHealth's market, we take the total number of its shares issued and multiply it by GoHealth'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. GoHealth conducts business under Insurance sector and is part of Financials industry. The entity has 9.7 M outstanding shares of which 205.14 K shares are currently shorted by private and institutional investors with about 19.28 trading days to cover. GoHealth currently holds about 215.4 M in cash with 109.14 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 24.23, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check GoHealth Probability Of Bankruptcy
Ownership Allocation
The market capitalization of GoHealth is $242.61 Million. Over half of GoHealth's outstanding shares are owned by outside corporations. These outside corporations are typically referred to as corporate investors that purchase positions in a given instrument to benefit from reduced trade commissions. Accordingly, these institutions are subject to different rules and regulations than regular investors in GoHealth. Please watch out for any change in the institutional holdings of GoHealth as this could mean something significant has changed or is about to change at the company. Note, that even with negative profits, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company.
Check GoHealth Ownership Details

GoHealth Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of GoHealth jumping above the current price in 90 days from now is over 95.98%. The GoHealth probability density function shows the probability of GoHealth stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 3.1641. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, GoHealth will likely underperform. Additionally, goHealth has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 10.51HorizonTargetOdds Above 10.51
3.99%90 days
 10.51 
95.98%
Based on a normal probability distribution, the odds of GoHealth to move above the current price in 90 days from now is over 95.98 (This GoHealth probability density function shows the probability of GoHealth Stock to fall within a particular range of prices over 90 days) .

GoHealth Stock Institutional Holders

Institutional Holdings refers to the ownership stake in GoHealth that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of GoHealth'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 GoHealth's value.
InstituionRecorded OnShares
Bridgeway Capital Management, Llc2023-12-31
18.1 K
Empowered Funds, Llc2023-12-31
18.1 K
Renaissance Technologies Corp2023-12-31
13.1 K
Millennium Management Llc2023-12-31
12.7 K
Charles Schwab Investment Management Inc2023-12-31
12.3 K
Bank Of New York Mellon Corp2023-12-31
11.9 K
Zacks Investment Management Inc2023-12-31
10.7 K
Barclays Plc2023-12-31
9.3 K
Bank Of America Corp2023-12-31
9.2 K
Centerbridge Partners, L.p.2023-09-30
4.2 M
Blackrock Inc2023-12-31
294.7 K
View GoHealth Diagnostics

GoHealth Historical Income Statement

GoHealth Income Statement is one of the three primary financial statements used for reporting GoHealth's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of GoHealth revenue and expense. GoHealth Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, GoHealth's Total Operating Expenses is very stable compared to the past year. As of the 29th of March 2024, Income Tax Expense is likely to grow to about 176.2 K, while Tax Provision is likely to drop about 63.6 K. View More Fundamentals

GoHealth Stock Against Markets

Picking the right benchmark for GoHealth 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 GoHealth 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 GoHealth is critical whether you are bullish or bearish towards GoHealth at a given time. Please also check how GoHealth'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 GoHealth 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.

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GoHealth Corporate Management

Elected by the shareholders, the GoHealth's board of directors comprises two types of representatives: GoHealth inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GoHealth. The board's role is to monitor GoHealth's management team and ensure that shareholders' interests are well served. GoHealth'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, GoHealth's outside directors are responsible for providing unbiased perspectives on the board's policies.

How to buy GoHealth Stock?

Before investing in GoHealth, 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 GoHealth. To buy GoHealth stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of GoHealth. 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 GoHealth stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located GoHealth 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 GoHealth 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 GoHealth, 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 GoHealth Stock please use our How to Invest in GoHealth guide.

Already Invested in GoHealth?

The danger of trading GoHealth 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 GoHealth 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 GoHealth. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile GoHealth 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 GoHealth offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of GoHealth'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 Gohealth Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gohealth Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoHealth. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in GoHealth Stock, please use our How to Invest in GoHealth guide.
Note that the GoHealth information on this page should be used as a complementary analysis to other GoHealth'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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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When running GoHealth's price analysis, check to measure GoHealth'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 GoHealth is operating at the current time. Most of GoHealth's value examination focuses on studying past and present price action to predict the probability of GoHealth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GoHealth's price. Additionally, you may evaluate how the addition of GoHealth to your portfolios can decrease your overall portfolio volatility.
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Is GoHealth'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 GoHealth. If investors know GoHealth 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 GoHealth 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
4.241
Earnings Share
(7.19)
Revenue Per Share
79.065
Quarterly Revenue Growth
2.988
Return On Assets
(0.03)
The market value of GoHealth is measured differently than its book value, which is the value of GoHealth that is recorded on the company's balance sheet. Investors also form their own opinion of GoHealth's value that differs from its market value or its book value, called intrinsic value, which is GoHealth'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 GoHealth's market value can be influenced by many factors that don't directly affect GoHealth'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 GoHealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoHealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoHealth'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.