The Market Myopia Regarding eHealth, Inc. (EHTH)

The stock of eHealth, Inc. (NASDAQ:EHTH) has been Initiated to Buy by Deutsche Bank in its latest research note that was published on September 12. First Analysis Sec analysts bumped their recommendation on EHTH stock from Outperform to Strong Buy in a separate flash note to investors on July 29. Analysts at RBC Capital Mkts are sticking to their Outperform recommendation. However, on July 26, they lifted target price for these shares to $111 from $89.Analysts at RBC Capital Mkts, made their first call for the stock with a Outperform rating, according to a research note that dated back to July 26.

eHealth, Inc., which has current market capitalization of above $2 Billion, published its last quarter earnings on June 30, 2019.

EHTH surged by $6.37 during the normal trading session on Thursday and reaching a high of $80.00 during the day while it closed the day at $75.63. The eHealth, stock had a low trading volume of 0.97 million shares on that day, which is low compared to the average daily volume of 548.79M shares. EHTH has also lost 5.42% of its value over the past 7 days. However, the stock has surged by 3.07% in the 3 months of the year. Over the past six months meanwhile, it has gained 33.79% while it has added 96.85% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -32.61% from its 3 months high price. However, taking another look at EHTH will indicate that it is trading +9.45% away from its 90-day low. Looking at the bigger picture, the eHealth, Inc. stock has dropped by -32.61% from its 52-week high while it has surged by +185.83% from its 52-week low price.

On September 06, 2019 WOLF DALE B, Director bought 1000 shares of the company. The average price for that transaction was $82.1 per share, which meant that WOLF DALE B spent $82100 purchasing the stocks. The purchase was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with President, Carrier/Bus Dev., Hurley Robert S selling 1500 shares of this stock on September 03, 2019. The average selling price for the stock was $82.24 per share, with the sold stock accruing $123360. Following this transaction, the President, Carrier/Bus Dev. Hurley Robert S now holds 111171 shares of the company, which is worth around $8185521.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 15.14%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 16.95%. Over the past 20 days, eHealth,’s Stochastic %K stood at 11.85% while its Stochastic %D was revealed to be 8.82%.