GoodRX | GDRX | Long at $5.00GoodRX NASDAQ:GDRX . Going long at $5.00.
Pros:
Revenue is growing and is expected to reach almost $1 billion by 2027
Debt-to-equity = 0.71x (low)
Monthly active users continue to increase (+7% during Q3 of 2024)
From a technical analysis perspective, the downward trend is starting to reverse, and the price has connected with my historical simple moving average (likely leading to a price increase)
Cons:
Not yet profitable
A lot of market competition
Insiders exercising of options outweighs awarding of options
No dividend
Targets:
$6.00
$7.00
$8.00
Substantially higher if partnerships emerge and profitability begins
Goodrx
10/3/21 GDRXGoodRx Holdings, Inc. (GDRX)
Sector: Technology Services (Internet Software/Services)
Current Price: $43.97
Breakout price trigger: $45.40
Buy Zone (Top/Bottom Range): $42.60-$37.40
Price Target: $49.00-$50.00 (1st), $55.00-$56.00 (2nd)
Estimated Duration to Target: 23-25d (1st), 72-76d (2nd)
Contract of Interest: $GDRX 11/19/21 45c, $GDRX 12/17/21 50c
Trade price as of publish date: $3.40/cnt , $2.35/cnt