The chart analyst and investor breaks down the chart in Hims & Hers Health.
Hims & Hers Health is an online multi-speciality telehealth company that virtually connects consumers with licensed healthcare professionals. The company has made quite a bit of headlines since going public in 2021, producing highly volatile price trends that are certainly not for the 'faint of heart'. We covered this name in this column back in July of this year when the stock was trading around $23.50 and it currently trades at $32.50.
website: "Hims & Hers offers compounded semaglutide injections, which contain the same active ingredient as Ozempic and Wegovy. These compounded medications are not sold over the counter; instead, they require a prescription from a licensed healthcare provider.
are able to offer a version that is sold over the counter. Just recently the FDA removed Eli Lilly's GLP-1 from the shortage list, but Novo Nordisk's GLP-1's remain on the shortage list creating some confusion out there for investors. But from the research we've done the weight-loss drugs only represent less than approximately 10% of revenues, so not overly significant.
continues to show significant relative strength suggesting the market remains confident in this name. In our Tactical Alpha Growth portfoilo at Inside Edge Capital, we hold a 1% allocation. I'm looking to increase this holding to a 2% allocation in the near future.
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