HSTM Stock Summary and Trading Ideas (Healthstream | NASDAQ:HSTM)

HealthStream Inc provides workforce and provider solutions for healthcare organizations. Its reportable segments include Workforce Solutions and Provider Solutions. Workforce development solutions consist of SaaS, subscription-based products that are used by healthcare organizations. Its Provider Solutions products offer healthcare organizations software applications for administering and tracking provider credentialing, privileging, call center and enrollment activities. The company generates a majority of its revenue from Subscription Services.

Healthstream trades on the NASDAQ stock market under the symbol HSTM.

As of April 30, 2024, HSTM stock price declined to $25.77 with 63,762 million shares trading.

HSTM has a beta of 0.50, meaning it tends to be less sensitive to market movements. HSTM has a correlation of 0.07 to the broad based SPY ETF.

HSTM has a market cap of $783.35 million. This is considered a Small Cap stock.

Last quarter Healthstream reported $73 million in Revenue and $.17 earnings per share. This beat revenue expectation by $880,000 and exceeded earnings estimates by $.06.

In the last 3 years, HSTM stock traded as high as $31.11 and as low as $18.51.

The top ETF exchange traded funds that HSTM belongs to (by Net Assets): IJR, VTI, VB, IWM, VXF.

HSTM has underperformed the market in the last year with a return of +5.0%, while the SPY ETF gained +22.3%. In the last 3 month period, HSTM fell short of the market, returning -4.6%, while SPY returned +2.5%. However, in the most recent 2 weeks HSTM has outperformed the stock market by returning +4.8%, while SPY returned -0.5%.

HSTM support price is $25.50 and resistance is $26.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HSTM stock will trade within this expected range on the day.