Could Tabula Rasa HealthCare, Inc. (TRHC) See a Reversal After Breaking All Highs?

April 17, 2018 - By Adrian Erickson

The stock of Tabula Rasa HealthCare, Inc. (NASDAQ:TRHC) reached all time high today, Apr, 17 and still has $43.50 target or 6.00 % above today’s $41.04 share price. This indicates more upside for the $821.35M company. This technical setup was reported by If the $43.50 PT is reached, the company will be worth $49.28 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.16% or $0.47 during the last trading session, reaching $41.04. About 279,372 shares traded. Tabula Rasa HealthCare, Inc. (NASDAQ:TRHC) has risen 198.94% since April 17, 2017 and is uptrending. It has outperformed by 187.39% the S&P500.

Analysts await Tabula Rasa HealthCare, Inc. (NASDAQ:TRHC) to report earnings on May, 7. They expect $0.08 EPS, up 172.73 % or $0.19 from last year’s $-0.11 per share. TRHC’s profit will be $1.60 million for 128.25 P/E if the $0.08 EPS becomes a reality. After $0.06 actual EPS reported by Tabula Rasa HealthCare, Inc. for the previous quarter, Wall Street now forecasts 33.33 % EPS growth.

Tabula Rasa HealthCare, Inc. provides patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize medication regimens to enhance patient outcomes, reduce hospitalizations, lower healthcare costs, and manage risk. The company has market cap of $821.35 million. The Company’s cloud software applications include EireneRx, which is used by at-risk healthcare organizations to access its patients' medication-related information; MedWise Advisor that allows for components of EireneRx to be used independently and by a broader healthcare audience; and NiaRx, an educational software platform used in the pharmacy educational community. It has a 54 P/E ratio. The firm offers its technology-enabled services and products for medication risk management and risk adjustment.

Tabula Rasa HealthCare, Inc. (NASDAQ:TRHC) Ratings Chart

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