Chart Of The Day: HealthStream - Healthcare Information Services

 

 

The Chart of the Day belongs to the healthcare information services company HealthStream (HSTM). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 2/21 the stock gained 6.61%.

(Click on image to enlarge)

ChartDescription automatically generated

HSTM Price vs Daily Moving Averages

HealthStream, Inc. provides workforce and provider solutions for healthcare organizations in the United States. It offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the range of its clinical development, talent management, training, education, certification, scheduling, competency assessment, performance appraisal, and other needs, as well as implementation, training, account management services. The company also provides applications for learning, performance appraisal, competency management, disclosure management, clinical assessment and development, simulation-based education, quality management, and industry training. In addition, it offers VerityStream that delivers enterprise-class solutions to transform the healthcare provider experience for ambulatory surgery centers, urgent care facilities, clinics, medical groups, and other healthcare organizations; EchoCredentialing and MSOW platforms that manage medical staff credentialing, enrollment, and privileging processes for hospitals; and EchoOneApp, a provider enrollment platform for medical groups. Further, the company provides CredentialMyDoc, a credentialing and enrollment SaaS solution for medical groups and surgery centers; and CredentialStream, a SaaS-based provider credentialing, privileging, and enrollment solution. It offers its solutions in healthcare industry companies that include private, not-for-profit, and government entities, as well as pharmaceutical and medical device companies through direct sales teams. The company was incorporated in 1990 and is headquartered in Nashville, Tennessee.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

 

Barchart Technical Indicators:

  • 100% technical buy signals
  • 39.46+Weighted Alpha
  • 36.16% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 11.54% in the last month
  • Relative Strength Index 64.85%
  • Recently traded at $27.45 with 50 day moving average of $25.65

 

Fundamental Factors:

  • Market Cap $835 million
  • Revenue expected to grow 5.20% this year and another 6.20% next year
  • Earnings are estimated to increase 15.40% next year and continue to compound at an annual rate of 10.00% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

  • Wall Street analysts issued 3 strong buy, 1 buy, and 3 hold opinions on the stock
  • Wall Street analysts gave price targets form $26 to $36 with a consensus of $31 for a 13%+ gain
  • The individual investors following the stock on Motley Fool voted 60 to 5 for the stock to beat the market with the more experienced investors voting 6 to 4 for the same result
  • Value Line gives it their above average rating of 2
  • CFRAs MarketScope has a strong buy
  • 2,120 investors monitor the stock on Seeking Alpha

 

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the ...

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