When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
HIIQ - Health Insurance Innovations Is Undervalued
Benefytt Technologies
Investment Thesis
While Health Insurance Innovations (NASDAQ:HIIQ) has appreciated 40% since September 9, 2019, it is still significantly undervalued based on traditional valuation measures. This lead Jim Cramer to ask, “What the heck is that stock doing down there at five-times earnings?” on September 18, 2019 during the Lightning Round of Mad Money.
HIIQ’s revenue growth and earnings growth have been accelerating due to economies of scale and more profitable mix of product offerings topped off with a shareholder buyback program.
Short sellers were attacking the firm which resulted in a decreased share