Cue Health Stock Price Prediction - Is HLTH A Good Investment?

Cue Health Stock Price Prediction – Is HLTH A Good Investment?

Cue Health Stock Price Prediction
Cue Health Stock Price Prediction

Looking to invest in a health-related stock? Cue Health may be a good option for you! Recent data indicates that the company’s stock price will likely increase over the coming years. So what’s behind this optimistic forecast? Let’s take a closer look at Cue Health and find out about Cue Health Stock Price Prediction.

Cue Health Inc. (NASDAQ: HLTH) is a technology company that is focused on the development of digital health solutions. Products from the company are designed to raise the quality of life for those with chronic illnesses.

Cue Health’s stock price has been on the rise recently, and here we will take a look at some reasons why this may be the case. We’ll also forecast the potential direction of the stock price in the future.

Cue Health stock (HLTH) is currently trading at 3.20 USD. Analysts predict that HLTH stock prices will soar in the upcoming years, estimating it to reach 4.41 USD by the end of 2025.

About Cue Health Inc. (HLTH)

Cue Health (NASDAQ: HLTH) is a publicly-traded company with headquarters in San Diego, California. The business is involved in the creation and marketing of technology for point-of-care testing.

Cue Health Inc. is a digital health company that develops and manufactures portable, real-time molecular diagnostic tests for use at the point of care. The company’s technology is based on proprietary electrode arrays and nucleic acid amplification chemistry. 

Its products include the Cue Flu Test, which is a rapid test for influenza A and B; and the Cue COVID-19 Test, which is a real-time PCR test for the detection of SARS-CoV-2, the virus that causes COVID-19. 

Both tests are designed for use with the Cue health monitoring platform, which uses artificial intelligence to interpret test results and provide actionable insights to users. Cue has received FDA Emergency Use Authorization for both of its tests, and is currently commercializing its products in the United States.

Financial Data & Performance

Market Cap478.182M
Enterprise Value144.79M
Shares Outstanding149.43M
Public Float91.97M
Volume651,172
Avg. Volume428,018
EBITDA-104.71M
PE Ratio (TTM)15.24
EPS (TTM)0.2100
Payout Ratio 0.00%
Forward Dividend & YieldN/A
52 Week Range2.4200 – 16.2000
200-Day Moving Average4.9186
Trailing P/EN/A
Forward P/EN/A

Profitability

Profit Margin-24.25%
Operating Margin (ttm)-26.76%

Management Effectiveness

Return on Assets (ttm)-10.13%
Return on Equity (ttm)-20.62%

Cash Flow Statement

Operating Cash Flow (ttm)-51.37M
Levered Free Cash Flow (ttm)-78.78M

Cue Health Stock Price Prediction 2022

Cue Health Stock Price Prediction
Cue Health Stock Price Prediction

The current value of HLTH stock is 3.20 USD. According to analysts’ predictions, the average stock price of Cue Health (HLTH) in December 2022 is expected to be 2.36 USD. This indicates a slight fall in prices from the current level.

Positive tendencies are expected to prevail for this period. The lowest forecasted price target is 2.07 USD and the highest target is 2.47 USD. The anticipated monthly price volatility is 16.292%.

Cue Health Stock Price Prediction 2023

The average stock price of Cue Health (HLTH) is predicted by analysts to be 2.47 USD in December 2023. For this timeframe, optimistic trends are anticipated to rule. 2.25 USD and 2.62 USD are the lowest and highest projected price targets, respectively. Price volatility is expected to fluctuate by 14.280% each month.

Cue Health Stock Price Prediction 2024

Analysts expect Cue Health’s (HLTH) average stock price to be 2.91 USD at the end of 2024. Positive trends are likely to dominate for this time range. The estimated price targets range from 2.67 USD being the lowest to 3.04 USD being the highest. Each month, price volatility is projected to vary by 12.269%.

Cue Health Stock Price Prediction 2025

By the end of 2025, analysts anticipate that Cue Health’s (HLTH) average stock price will be 4.41 USD. For this time period, favorable tendencies are most likely to prevail. The range of predicted price objectives is 4.13 USD at the lowest end and 4.91 USD at the maximum. Price volatility is anticipated to fluctuate by 15.843% each month.

Cue Health Stock Price Prediction 2026

Analysts predict that Cue Health’s (HLTH) average stock price will be 5.93 USD by the end of 2026. Favorable trends are most likely to predominate during this time. Predicted price objectives range from 5.53 USD at the low end to 6.52 USD at the high end. It is projected that monthly price volatility would change by 15.262%.

Is Cue Health (HLTH) A Good Investment?

Cue Health Inc. (HLTH) is a leading provider of connected health solutions. The company’s products are used by healthcare professionals to manage patient care, and its technology is also used by consumers to manage their own health and wellness. 

The company’s stock has been on a tear in recent months, and many investors are wondering if it is a good investment.

There are several reasons to believe that Cue Health stock is a good investment. First, the company’s products are in high demand, as they offer a convenient and affordable way to manage health care. 

Second, the company has strong growth prospects, as it is expanding its offerings and entering new markets. Last but not least, the business is in excellent financial shape, with sizable cash reserves and no debt.

Given all of these factors, Cue Health appears to be a company with a bright future, and its stock is likely to continue to perform well in the months and years ahead.

Do your own research and consult a financial expert before making any investing decisions. However, based on the information currently available, Cue Health stock appears to be a good investment option for those looking to gain exposure to the growing point-of-care diagnostics market.

Also read stock predictions of:

Let’s Review

The Cue Health stock price prediction is that the company’s innovative products and services, combined with its strong leadership team, will continue to propel it forward. The stock will rise in value over the next year. This is based on a number of factors, including the increasing demand for wearable technology and Cue’s strong market position.

With a growing customer base and an increasing demand for its products and services, Cue Health is well-positioned for continued success in the years to come. 

If you’re looking for a long-term investment that has the potential to bring big dividends, Cue Health is definitely worth considering. Thanks for following our analysis of Cue Health Stock Price Prediction. 

Shana Conzelman

Shana Conzelman is a shrewd businesswoman with a keen eye for stock market investments. She is very particular about the stocks she chooses to invest in, and takes great care to learn as much as possible about each company's stock prediction more

Leave a Comment

close