Why HCI GROUP INC (NYSE:HCI) qualifies as a high growth stock.

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.

Looking into the canslim metrics of HCI GROUP INC

• In the most recent financial report, HCI GROUP INC reported a 245.0% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• The q2q revenue growth of 61.98% of HCI GROUP INC highlights the company's ability to generate incremental revenue and suggests positive market demand for its products or services.
• HCI GROUP INC has achieved 31.67% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
• With a favorable Return on Equity (ROE) of 27.3%, HCI GROUP INC demonstrates its ability to deliver attractive returns for shareholders. This metric highlights the company's effective management of assets and its profitability.
• The Relative Strength (RS) of HCI GROUP INC has been consistently solid, with a current 91.45 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. HCI GROUP INC exhibits strong prospects for further price appreciation.
• With a Debt-to-Equity ratio at 0.59, HCI GROUP INC showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• The ownership composition of HCI GROUP INC reflects a balanced investor ecosystem, with institutional shareholders owning 76.08%. This indicates a broader market participation and potential for increased trading liquidity.

Analyzing the Technical Aspects

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

Taking everything into account, HCI scores 6 out of 10 in our technical rating. Although HCI has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.

• The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
• Looking at the yearly performance, HCI did better than 91% of all other stocks.
• HCI is part of the Insurance industry. There are 141 other stocks in this industry. HCI outperforms 86% of them.
• In the last month HCI has a been trading in the 87.00 - 96.59 range, which is quite wide. It is currently trading near the high of this range.
• HCI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HCI is lagging the market.

For an up to date full technical analysis you can check the technical report of HCI

A complete fundamental analysis of NYSE:HCI

ChartMill assigns a Fundamental Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple fundamental indicators and properties.

HCI gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 141 industry peers in the Insurance industry. While HCI belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. HCI is evaluated to be cheap and growing strongly. This does not happen too often! This makes HCI very considerable for value and growth investing!

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

More growth stocks can be found in our CANSLIM screen.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.