Health Stock Analysis


USD 9.88  0.01  0.10%   

The current indifference towards the small price fluctuations of Health Assurance may raise some interest from investors. The stock closed today at a share price of 9.88 on 52,100 in trading volume. The company directors and management did not add any value to Health Assurance Acquisition investors in June. However, most investors can still diversify their portfolios with Health Assurance to hedge their inherited risk against high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 0.1. The very small Stock volatility is a good signal to investors with longer-term investment horizons.
Please check Risk vs Return Analysis.
The Health Assurance stock analysis report makes it easy to digest most publicly released information about Health Assurance and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Health Stock analysis module also helps to analyze the Health Assurance price relationship with some important fundamental indicators such as market cap and management efficiency.

Health Stock Analysis Notes

About 81.0% of the company shares are owned by institutional investors. The company had not issued any dividends in recent years. Health Assurance Acquisition Corp. does not have significant operations. Health Assurance Acquisition Corp. was incorporated in 2020 and is based in Cambridge, Massachusetts. Health Assurance operates under Shell Companies classification in the United States and is traded on NASDAQ Exchange. To learn more about Health Assurance Acquisition call the company at 617 234 7000 or check out

Health Assurance Acq Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Health Assurance's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Health Assurance Acquisition or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Health Assurance Acq has high likelihood to experience some financial distress in the next 2 years
As of July 3, 2022, Debt to Equity Ratio is expected to decline to -1.13. In addition to that, Average Equity is expected to decline to about (19.1 M)The company has a current ratio of 0.6, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Health Assurance until it has trouble settling it off, either with new capital or with free cash flow. So, Health Assurance's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Health Assurance Acq sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Health to invest in growth at high rates of return. When we think about Health Assurance's use of debt, we should always consider it together with cash and equity.
Health Assurance Acquisition currently holds about 1.08 M in cash with (3.53 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
Health Assurance Acq has a frail financial position based on the latest SEC disclosures
Over 81.0% of the company shares are owned by institutional investors
Latest headline from Chubb Completes Acquisition of Cignas Personal Accident, Supplemental Health and Life Insurance Business in Asia-Pacific - Yahoo Finance

Health Assurance SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Health Assurance prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Health Assurance investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Health Assurance Acq specific information freely available to individual and institutional investors to make a timely investment decision.
5th of April 2022
Financial Statements and Exhibits. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
4th of March 2022
Unclassified Corporate Event
23rd of February 2022
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
14th of February 2022
Unclassified Corporate Event
11th of February 2022
Unclassified Corporate Event
8th of February 2022
Unclassified Corporate Event
1st of February 2022
Unclassified Corporate Event
27th of December 2021
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review

Health Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Health Assurance is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Health Assurance Acquisition backward and forwards among themselves. Health Assurance's institutional investor refers to the entity that pools money to purchase Health Assurance's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Blackrock IncCommon Shares4.9 M48.4 M
Dragoneer Investment Group LlcCommon SharesM39.4 M
Weiss Asset Management LpCommon Shares3.4 M33.2 M
Sculptor Capital LpCommon Shares2.6 M25.9 M
Marshall Wace LlpCommon Shares2.4 M23.4 M
General Catalyst Group Management LlcCommon Shares2.3 M22.8 M
Harspring Capital Management LlcCommon Shares2.1 M21.2 M
Note, although Health Assurance's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Health Market Capitalization

The company currently falls under 'Small-Cap' category with current market capitalization of 544.64 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Health Assurance's market, we take the total number of its shares issued and multiply it by Health Assurance's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Health Profitablity

Health Assurance's profitability indicators refer to fundamental financial ratios that showcase Health Assurance's ability to generate income relative to its revenue or operating costs. If, let's say, Health Assurance is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Health Assurance's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Health Assurance's profitability requires more research than a typical breakdown of Health Assurance's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
Last ReportedProjected for 2022
Return on Average Assets 0.08  0.08 
Return on Average Equity(2.13) (2.30) 
Return on Invested Capital 0.08  0.08 

Management Efficiency

The entity has return on total asset (ROA) of (0.77) % which means that it has lost $0.77 on every $100 spent on asset. This is way below average. Health Assurance management efficiency ratios could be used to measure how well health assurance acq manages its routine affairs as well as how well it operates its assets and liabilities. As of July 3, 2022, Return on Average Assets is expected to decline to 0.08. In addition to that, Return on Average Equity is expected to decline to -2.3. Health Assurance Current Assets are projected to decrease significantly based on the last few years of reporting. The past year's Current Assets were at 1.73 Million. The current year Assets Non Current is expected to grow to about 580.5 M, whereas Total Assets are forecasted to decline to about 500.1 M.
Last ReportedProjected for 2022
Book Value per Share(0.77) (0.83) 
Enterprise Value over EBIT 12.00  12.95 
Enterprise Value over EBITDA 11.52  12.43 
Price to Book Value(12.62) (13.61) 
Tangible Assets Book Value per Share 9.56  11.27 
Enterprise Value537.1 M524.2 M
Tangible Asset Value527 M500.1 M

Technical Drivers

As of the 3rd of July, Health Assurance retains the risk adjusted performance of (0.040555), and Market Risk Adjusted Performance of (0.45). Health Assurance technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to analyze nineteen technical drivers for Health Assurance Acq, which can be compared to its competitors. Please check out Health Assurance Acq mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and information ratio to decide if Health Assurance is priced fairly, providing market reflects its last-minute price of 9.88 per share. Given that Health Assurance Acquisition has jensen alpha of (0.002206), we strongly advise you to confirm Health Assurance Acq's regular market performance to make sure the company can sustain itself at a future point.

Health Assurance Acq Price Movement Analysis

The output start index for this execution was fourty-nine with a total number of output elements of twelve. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Health Assurance middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Health Assurance Acq. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Health Assurance Predictive Daily Indicators

Health Assurance intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Health Assurance stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Health Assurance Forecast Models

Health Assurance time-series forecasting models is one of many Health Assurance's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Health Assurance's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Health Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Health Assurance stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Health shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Health Assurance. By using and applying Health Stock analysis, traders can create a robust methodology for identifying Health entry and exit points for their positions.
Health Assurance Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or business combination with one or more businesses. The company was formerly known as Healthcare Assurance Acquisition Corp. and changed its name to Health Assurance Acquisition Corp. in October 2020. Health Assurance Acquisition Corp. was incorporated in 2020 and is based in Cambridge, Massachusetts.

Be your own money manager

As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding Health Assurance to your portfolios without increasing risk or reducing expected return.

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Please check Risk vs Return Analysis. Note that the Health Assurance Acq information on this page should be used as a complementary analysis to other Health Assurance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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When running Health Assurance Acq price analysis, check to measure Health Assurance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Health Assurance is operating at the current time. Most of Health Assurance's value examination focuses on studying past and present price action to predict the probability of Health Assurance's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Health Assurance's price. Additionally, you may evaluate how the addition of Health Assurance to your portfolios can decrease your overall portfolio volatility.
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Is Health Assurance's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Health Assurance. If investors know Health will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Health Assurance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
545.7 M
Return On Assets
The market value of Health Assurance Acq is measured differently than its book value, which is the value of Health that is recorded on the company's balance sheet. Investors also form their own opinion of Health Assurance's value that differs from its market value or its book value, called intrinsic value, which is Health Assurance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Health Assurance's market value can be influenced by many factors that don't directly affect Health Assurance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Health Assurance's value and its price as these two are different measures arrived at by different means. Investors typically determine Health Assurance value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Health Assurance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.