Why the high growth investor may take a look at NYSE:HIMS.

Our stockscreener has identified a possible breakout setup on HIMS & HERS HEALTH INC (NYSE:HIMS). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NYSE:HIMS for potential opportunities.

Analyzing the Technical Aspects

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.

Taking everything into account, HIMS scores 8 out of 10 in our technical rating. In the last year, HIMS was one of the better performers, but we do observe some doubts in the very recent evolution.

• The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
• When comparing the yearly performance of all stocks, we notice that HIMS is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by HIMS over the past year are nicely spread over this period.
• HIMS is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 97% of 108 stocks in the same industry.
• HIMS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HIMS is lagging the market.
• In the last month HIMS has a been trading in the 24.07 - 31.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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

Looking at the Setup

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:HIMS has a 7 as its setup rating:

HIMS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 27.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.96, a Stop Loss order could be placed below this zone.

What matters for high growth investors.

• The EPS of HIMS & HERS HEALTH INC has exhibited growth from one quarter to another (Q2Q), with a 900.0% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
• The quarter-to-quarter (Q2Q) revenue growth of 77.13% of HIMS & HERS HEALTH INC has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and drive revenue growth.
• HIMS & HERS HEALTH INC has demonstrated strong 1-year revenue growth of 56.7%, reflecting revenue momentum and its ability to generate consistent top-line expansion. This growth underscores the company's strong market position and its potential for future success.
• HIMS & HERS HEALTH INC has seen a 239.0% change in the average next Quarter EPS Estimate by analysts over the last 3 months, signaling the shifting perception of the company's EPS outlook.
• The recent financial report of HIMS & HERS HEALTH INC demonstrates a 900.0% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• The earnings per share (EPS) growth of HIMS & HERS HEALTH INC are accelerating: the current Q2Q growth of 900.0% is above the previous year Q2Q growth of 55.56%. Earnings momentum and acceleration are key for high growth systems.
• HIMS & HERS HEALTH INC has experienced notable growth in its operating margin over the past year, reflecting improved operational performance. This growth suggests the company's ability to generate higher profits from its core business activities.
• With a favorable trend in its free cash flow (FCF) over the past year, HIMS & HERS HEALTH INC demonstrates its ability to generate robust cash flows and maintain financial stability. This growth reflects the company's focus on efficient capital allocation and cash management.
• HIMS & HERS HEALTH INC has achieved an impressive Return on Equity (ROE) of 23.01%, showcasing its ability to generate favorable returns for shareholders.
• Maintaining a Debt-to-Equity ratio of 0.0, HIMS & HERS HEALTH INC demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
• HIMS & HERS HEALTH INC exhibits a favorable ownership structure, with an institutional shareholder ownership of 65.92%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.
• HIMS & HERS HEALTH INC has consistently exceeded EPS estimates in the last 4 quarters, demonstrating its ability to outperform market expectations. This trend highlights the company's strong financial performance and its potential for future growth.
• HIMS & HERS HEALTH INC has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 97.58 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning. HIMS & HERS HEALTH INC is well-positioned for potential price growth opportunities.

More high growth momentum breakout stocks can be found in our High Growth Momentum Breakout screen.

Disclaimer

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.