Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of BHG will decline by -58.17% over the next 2 Weeks and hit $6.84 by Tuesday, March 5, 2024. In that time frame, BHG's share price is expected to range between $3.83 and $9.78.
BearishAverageBullishBHG shares rose +9.36% in Friday, January 26, 2024's trading session, rising from a previous close of $14.95 to move at $16.35. The stock demonstrated notable intraday movement (see BHG's key stats for a full breakdown), fluctuating between $14.52 and $16.35, a +12.60% trading range. While recent weeks have seen some volatility, BHG has managed to secure a +125.21% gain over the past 2 weeks. The upward price movement was accompanied by increased trading volume, with approximately 4.92K shares changing hands, 1.98K more than the previous session. This amounted to $80.46K in total market activity.
Will BHG Continue Its Downward Trend?
According to analyst ratings and projections for BHG, Bright Health Group, Inc. shares are anticipated to decrease by -63.82%, potentially reaching $9.98 per share by March 5, 2024. Short-term technical indicators currently suggest a bearish sentiment for BHG. However, the stock has recorded 16 positive trading days within the past 30 sessions. Based on the BHG stock forecast, now is not the best time to buy BHG stock because its current trading price is +139.04% above our predicted value, hinting at a possible undervaluation. For deeper insights, view our sentiment analysis on BHG covering social and institutional perspectives.
BHG Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into BHG's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 46.55% to 47.57%) suggest the stock is in a neutral to slightly bearish momentum phase. The 50-day RSI, at 48.35%, suggests a neutral medium-term outlook. Additionally, the 100-day RSI, at 49.90%, maintains a neutral outlook for the long term. Insights into BHG's shareholder base show how institutional investors are positioning themselves during these momentum shifts
Bright Health Group, Inc. Monthly Forecast 2024–2025
September 2024
According to our latest forecast models, Bright Health Group, Inc. (BHG) is positioned to show a strong performance in September 2024. The price is predicted to move between $0.00 and $6.66, settling at an average of $0.27. This could translate to a -98.35% loss.
October 2024
Based on current market signals, Bright Health Group, Inc. is projected to trend october 2024. We forecast a trading range from $0.00 to $7.42, with a likely average price of $0.18. Investors could expect a potential return of -98.90%.
November 2024
Our predictive algorithms indicate Bright Health Group, Inc. stock may see a shift in November 2024. The expected range spans $0.00–$6.77, with an average target of $0.12. This represents a cautious outlook and a possible loss of -99.27%.
December 2024
Analyzing established trends, Bright Health Group, Inc. looks set to move in December 2024. Projections place the stock between $0.00 and $7.09, averaging around $0.09. This suggests a -99.45% loss from current levels.
January 2025
Market indicators suggest Bright Health Group, Inc. could experience notable changes during January 2025. Prices could fluctuate within $0.00 to $6.62, with a midpoint forecast of $0.10. The stock might deliver a -99.39% loss.
February 2025
Forecasting for February 2025, models estimate that Bright Health Group, Inc. may undergo key fluctuations. If trends hold, the stock might trade between $0.00 and $7.06, averaging $0.10. This signals a cautious trajectory with potential returns around -99.39%.
BHG's history of dividends and stock splits also plays a role in long-term investor confidence.