Should you consider HCI GROUP INC (NYSE:HCI) for growth investing?

In this article we will dive into HCI GROUP INC (NYSE:HCI) as a possible candidate for growth investing. Investors should always do their own research, but we noticed HCI GROUP INC showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Why NYSE:HCI may be interesting for canslim investors.

• The earnings per share (EPS) of HCI GROUP INC have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 5.0K% increase. This reflects the company's ability to improve its profitability over time.
• HCI GROUP INC has demonstrated strong quarter-to-quarter (Q2Q) revenue growth of 35.62%, reflecting its ability to generate consistent increases in sales. This growth highlights the company's effective market positioning and its potential for continued success.
• The EPS of HCI GROUP INC has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
• HCI GROUP INC demonstrates a strong Return on Equity(ROE) of 23.52%. This indicates the company's ability to generate favorable returns for shareholders and reflects its efficient utilization of capital. HCI GROUP INC shows promising potential for continued success.
• HCI GROUP INC has achieved an impressive Relative Strength (RS) rating of 95.81, showcasing its ability to outperform the broader market. This strong performance positions HCI GROUP INC as an attractive stock for potential price appreciation.
• With a current Debt-to-Equity ratio at 0.64, HCI GROUP INC showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• With institutional shareholders at 70.14%, HCI GROUP INC demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.

Deciphering the Technical Picture of NYSE:HCI

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

We assign a technical rating of 10 out of 10 to HCI. Both in the recent history as in the last year, HCI has proven to be a steady performer, scoring decent points in every aspect analyzed.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that HCI is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by HCI over the past year are nicely spread over this period.
• HCI is part of the Insurance industry. There are 142 other stocks in this industry. HCI outperforms 96% of them.
• HCI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month HCI has a been trading in the 92.80 - 117.65 range, which is quite wide. It is currently trading near the high of this range.
• Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
• Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Our latest full technical report of HCI contains the most current technical analsysis.

Fundamental Analysis Observations

At ChartMill, a crucial aspect of their analysis is the assignment of a Fundamental Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous fundamental indicators and properties.

Taking everything into account, HCI scores 6 out of 10 in our fundamental rating. HCI was compared to 142 industry peers in the Insurance industry. HCI is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. HCI has a correct valuation and a medium growth rate.

Check the latest full fundamental report of HCI for a complete fundamental analysis.

More ideas for growth investing can be found on ChartMill in our CANSLIM screen.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.