HQY - HealthEquity: A Trading Vehicle Performing As Expected Strong Growth Hard To Ignore
2024-06-04 11:57:34 ET
Summary
- HealthEquity, Inc. reported solid Q1 results, with revenue beating estimates and strong bottom line earnings per share.
- The company has shown strong growth in accounts under management, with total HSAs increasing by 13% year-over-year.
- Management has provided an outstanding outlook, projecting strong revenue and adjusted EBITDA growth.
- Shares behaving as we predicted, can they break higher?
There are reasons to like HealthEquity, Inc. ( HQY ). We have previously outlined several winning trades for the public on this stock. Here we are struggling to break out much above $80 for months. Now, each time the stock looks set to break out, it tends to reverse. That does not guarantee this will happen, but history suggests it is wise to take something off the table here if you still hold a full or near full position since our last trade....
HealthEquity: A Trading Vehicle Performing As Expected, Strong Growth Hard To Ignore