EHTH Stock Drops Amid Financial Concerns and Mixed Analyst Opinions

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Nov 14, 2024
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The stock of eHealth Inc. (EHTH, Financial) experienced a notable decline of 5.28%. The stock is currently priced at $4.84 per share, with a trading volume of 145,438 shares and a turnover rate of 0.49%. The stock has exhibited a price fluctuation of 5.45%.

Recent financial reports reveal that eHealth Inc. earned a revenue of $58.41 million but reported a net loss of $42.47 million, translating to an earnings per share (EPS) of -$1.83. The company does not have available data on gross profit, and its price-to-earnings (P/E) ratio stands at -1.86. Among the four analysts reviewing the stock, 25% recommended buying, while 75% suggested holding; no analysts recommended selling.

In the broader insurance industry, which saw an overall dip of 0.20%, other stocks such as MBIA and Fundamental Global Inc. showed notable gains. MBIA and Fundamental Global Inc. were also particularly active in the market, with turnover rates of 3.00% and 4.16%, respectively. These companies also showed significant price swings, indicating a volatile market environment.

eHealth Inc. operates in the private health insurance sector, offering a technology and service platform that facilitates consumer engagement, education, and health insurance enrollment solutions. The company is divided into two segments: Medicare and the Employer & Individual. The Medicare segment generates the majority of the company's revenue, all of which is derived from the United States, though it also has operations in China.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.