Financial Analysis: Health In Tech (HIT) & Its Rivals

Health In Tech (NASDAQ:HIT) is one of 96 publicly-traded companies in the “Healthcare Technology” industry, but how does it compare to its peers? We will compare Health In Tech to related businesses based on the strength of its institutional ownership, analyst recommendations, profitability, valuation, risk, dividends and earnings.

Risk & Volatility

Health In Tech has a beta of 2.82, indicating that its share price is 182% more volatile than the S&P 500. Comparatively, Health In Tech’s peers have a beta of 1.12, indicating that their average share price is 12% more volatile than the S&P 500.

Earnings and Valuation

This table compares Health In Tech and its peers gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Health In Tech	$32.83 million	N/A	-14.43
Health In Tech Competitors	$328.55 million	-$23.71 million	13.27

Health In Tech’s peers have higher revenue, but lower earnings than Health In Tech. Health In Tech is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Analyst Recommendations

This is a summary of current recommendations for Health In Tech and its peers, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Health In Tech	1	0	1	1	2.67
Health In Tech Competitors	425	1477	2700	87	2.52

Health In Tech currently has a consensus target price of $3.50, suggesting a potential upside of 246.53%. As a group, “Healthcare Technology” companies have a potential upside of 59.67%. Given Health In Tech’s stronger consensus rating and higher possible upside, research analysts plainly believe Health In Tech is more favorable than its peers.

Profitability

This table compares Health In Tech and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Health In Tech	N/A	N/A	N/A
Health In Tech Competitors	-768.40%	-39.53%	-18.04%

Insider and Institutional Ownership

41.7% of shares of all “Healthcare Technology” companies are owned by institutional investors. 77.7% of Health In Tech shares are owned by company insiders. Comparatively, 15.8% of shares of all “Healthcare Technology” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Summary

Health In Tech beats its peers on 8 of the 12 factors compared.

About Health In Tech

Health in Tech, Inc. engages in the provision of insurance technology platforms which offer a marketplace of processes in the healthcare industry. Its services include Stone Mountain Risk, eDIYBS, HI Card, HI Performance Network, and Ancillary Products. The company was founded by Tim Johnson in 2014 and is headquartered in Stuart, FL.