|Bid||106.20 x 800|
|Ask||106.55 x 800|
|Day's Range||103.08 - 110.34|
|52 Week Range||15.12 - 110.34|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Beaten-down stock prices aren't the only measure of a bargain stock. Long-term prospects can be a great barometer of future success.
Livongo Health (LVGO) closed at $105.68 in the latest trading session, marking a -1.75% move from the prior day.
Livongo Health (NASDAQ: LVGO) shares are trading higher on Thursday on continued strength after the company on Tuesday raised second-quarter sales guidance.Additionally, an Accenture survey showed that many patients are intended to continue using virtual care services after the coronavirus pandemic ends.Livongo Health provides a data science and technology-enabled platform for the detection of diabetes. Its additional solutions include Livongo for Hypertension, Livongo for Prediabetes and Weight Management, and Livongo for Behavioral Health by myStrength.The company's clients comprise of employers, health plans, government entities, and labor unions. Its operations are primarily located in the U.S.Livongo Health shares were trading up 12.06% at $108.50 at the time of publication on Thursday. The stock has a 52-week high of $108.87 and a 52-week low of $15.12.Related Links:Livongo Health Shares Open Well Above IPO PriceLivongo Health IPO: What You Need To KnowSee more from Benzinga * Why Livongo Health's Stock Is Trading Higher Today * Why Livongo Health's Stock Is Trading Higher Today(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
What happened Shares of Livongo Health (NASDAQ: LVGO) were jumping 5.3% as of 11:17 a.m. EDT on Thursday. The digital health-management company didn't report any news. The nice gain appears to be a result of continued momentum from Livongo announcing better-than-expected preliminary second-quarter results on Tuesday.
Shares of this digital health management company are skyrocketing, and here's why the party is far from over.
Right now, several exceptionally hot high-growth stocks with valuations ranging from mid cap to large cap look to have all the tools necessary to clear a $100 billion market cap within the next decade. Call this one a bit of a "gimme" because it's already halfway there, but fintech stock Square (NYSE: SQ) and its $50-billion-plus market cap look destined to become megacap material ($100 billion valuation) within the next couple of years.
Livongo Health (NASDAQ: LVGO) stock has nearly tripled from its initial public offering less than a year ago. Livongo's mission is "to empower people with chronic conditions to live better and healthier lives." Its members love the platform because it's easy to use, helps them stay healthy, and is free as the cost is covered by their health insurance provider.
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
The stock's gain came after the company gave investors an early glimpse into its recently ended second quarter. The company, which provides a platform for helping those with chronic conditions, has impressed investors with surging revenue and improving margins as the COVID-19 pandemic helped bolster demand for its remote care. While it may be difficult to imagine shares continuing to rise even more after such an incredible run, Livongo's business still has a huge runway ahead of it, setting the stage for more potential strong share price appreciation over the long haul.
Livongo Health (NASDAQ: LVGO) was already one of the rock-star stocks of 2020, having gained more than 200% so far this year. "The COVID-19 pandemic has only magnified the need for Livongo's solutions, which goes well beyond remote monitoring and video visits to generate consumer directed virtual care," said CEO Zane Burke.
Remote-monitoring health company Livongo Health boosted its second-quarter outlook Tuesday — topping Wall Street's estimates — and shares of the medical stock popped to a record high.
Weakness in Boeing and "bulge-bracket" Wall Street firms including JPMorgan Chase and Goldman Sachs weighed on the Dow Jones Industrial Average in stocks today. At around 3:45 p.m. ET, the 30-stock Dow industrials gave back more than 1.5%. Goldman slid 3.8% and fell back below its flattened 200-day moving average; true market leaders rise above both the 200-day line and the 50-day moving average.
Shares of Livongo Health (NASDAQ: LVGO), which provides a cloud-based platform to help improve the lives of individuals with chronic conditions, jumped higher on Tuesday. The growth stock's gain follows the company's announcement of its preliminary second-quarter revenue, which was far ahead of average analyst estimates. Growing demand for remote care during the COVID-19 pandemic and for the company's whole-person approach to care is helping drive sharp revenue growth, management explained in a press release about the preliminary results.
Regardless of whether you're a longtime investor or someone who recently began putting their money to work in the stock market, there's nothing that could have prepared you for what 2020 has offered up. The coronavirus disease 2019 (COVID-19) pandemic has completely upended societal norms and pushed the U.S. unemployment rate to levels not seen in nearly nine decades. After all, every single stock market correction in history (excluding the COVID-19 bear market) has been erased by a bull market rally.
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Shares of Livongo Health (NASDAQ: LVGO) were moving higher last month after the health tech stock got endorsements from several Wall Street analysts and as it reported research at a conference that demonstrated the value of its product, which helps diabetes patients manage their illness. According to data from S&P Global Market Intelligence, the stock finished June up 25%. Analyst Richard Close commented on the company's strong execution and financial results.
Since the stock market found its bottom on March 23, the S&P 500 (at one point) regained more than 80% of its losses, with the technology-driven Nasdaq Composite hitting fresh all-time highs. Best of all, you don't need a mountain of cash to build wealth in the stock market.
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