Health Stock Today

HAAC -  USA Stock  

USD 9.85  0.01  0.10%

Market Performance
6 of 100
Odds Of Distress
Over 55
Health Assurance is trading at 9.85 as of the 25th of May 2022, a 0.10% increase since the beginning of the trading day. The stock's open price was 9.84. Health Assurance has over 55 % chance of experiencing financial distress in the next 2 years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Health Assurance Acquisition are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of April 2022 and ending today, the 25th of May 2022. Please note, there could be an existing legal relationship between Health Assurance Acq (HAAC) and Health Assurance Acq (HAACW). Click here to learn more.
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.. The company has 52.5 M outstanding shares of which 285.5 K shares are currently shorted by private and institutional investors with about 0.93 trading days to cover. More on Health Assurance Acquisition
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Health Assurance Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Health Assurance's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Health Assurance or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Health Assurance Acq has high likelihood to experience some financial distress in the next 2 years
As of May 25, 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
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Health Assurance Fama & French Trading
Trading
Fama & French Classification
Health Assurance Acq SEC Filings
Health Assurance SEC Filings Security & Exchange Commission EDGAR Reports
Related EntityHAACW (Health Assurance Acquisition)
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Health Assurance Acq based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Health Assurance Acq financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
 3 - FrailDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares52.6 M55.1 M
Sufficiently Down
Increasing
Slightly volatile
Weighted Average Shares Diluted52.6 M55.1 M
Sufficiently Down
Increasing
Slightly volatile
Total Assets500.1 M527 M
Notably Down
Decreasing
Slightly volatile
Total Liabilities53 M44.7 M
Fairly Up
Decreasing
Slightly volatile
Current Assets2.5 M1.7 M
Way Up
Decreasing
Slightly volatile
Current Liabilities2.8 M2.8 M
Fairly Down
Decreasing
Slightly volatile
Return on Average Assets0.07870.0792
Slightly Down
Decreasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Health Assurance's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldOvervalued
Health Assurance Acquisition (HAAC) is traded on NASDAQ Exchange in USA. It is located in 20 University Road . Health Assurance is listed under Trading category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with current market capitalization of 541.88 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 Assurance Acq conducts business under Financial Services sector and is part of Shell Companies industry. The entity has 52.5 M outstanding shares of which 285.5 K shares are currently shorted by private and institutional investors with about 0.93 trading days to cover. 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.
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Ownership
Health Assurance Acquisition has a total of fifty-two million five hundred thousand outstanding shares. The majority of Health Assurance Acq outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Health Assurance to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Health Assurance Acquisition. Please pay attention to any change in the institutional holdings of Health Assurance Acq as this could imply that something significant has changed or about to change at the company. Please note that no matter how much assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

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Health Stock Price Odds Analysis

What are Health Assurance's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Health Assurance jumping above the current price in 90 days from now is about 32.01%. The Health Assurance Acquisition probability density function shows the probability of Health Assurance stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Health Assurance Acquisition has a beta of -0.0054. This usually indicates as returns on benchmark increase, returns on holding Health Assurance are expected to decrease at a much lower rate. During the bear market, however, Health Assurance Acquisition is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Health Assurance Acq is significantly underperforming DOW.
  Odds Below 9.85HorizonTargetOdds Above 9.85
63.83%90 days
 9.85 
32.01%
Based on a normal probability distribution, the odds of Health Assurance to move above the current price in 90 days from now is about 32.01 (This Health Assurance Acquisition probability density function shows the probability of Health Stock to fall within a particular range of prices over 90 days) .

Health Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Health Assurance that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Health Assurance's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Health Assurance's value.
InstituionSecurity TypeTotal SharesValue
Blackrock IncCommon Shares4.9 M48.4 M
Dragoneer Investment Group LlcCommon SharesM39.4 M
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Health Assurance Historical Income Statement

Health Assurance Acquisition Income Statement is one of the three primary financial statements used for reporting Health's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Health Assurance Acq revenue and expense. Health Assurance Income Statement primarily focuses on the company's revenues and expenses during a particular period.
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Health Stock Against Markets

Picking the right benchmark for Health Assurance stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Health Assurance stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Health Assurance is critical whether you are bullish or bearish towards Health Assurance Acquisition at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Health Assurance without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Investing Health Assurance Acquisition

You need to understand the risk of investing before taking a position in Health Assurance. The danger of trading Health Assurance Acquisition is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Health Assurance is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Health Assurance. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Health Assurance Acq is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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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.
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.