Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Phreesia Inc before investing.

In this article, we go over a few key elements for understanding Phreesia Inc’s stock price such as:

• Phreesia Inc’s current stock price and volume
• Why Phreesia Inc’s stock price changed recently
• Upgrades and downgrades for PHR from analysts
• PHR’s stock price momentum as measured by its relative strength

About Phreesia Inc (PHR)

Before we jump into Phreesia Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Phreesia, Inc. is a provider of software solutions. The Company offers a software-as-a-service (SaaS) based technology platform, namely Phreesia Platform, which offers healthcare services to clients with a suite of integrated solutions that manage patient access, registration and payments. Its platform provides life sciences companies, health plans and other payer organizations (payers), patient advocacy, public interest and other not-for-profit organizations with a channel for direct communication with patients. It facilitates patient visits in over 2,800 healthcare services across all 50 states. It serves an array of healthcare services clients of all sizes across over 25 specialties, ranging from single-specialty practices, including internal and family medicine, urology, dermatology, and orthopedics to large, multi-specialty groups, and health systems, as well as regional and national payers and other organizations that provide other types of healthcare-related services.

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Phreesia Inc’s Stock Price as of Market Close

As of March 15, 2024, 4:00 PM, CST, Phreesia Inc’s stock price was $23.75.

Phreesia Inc is up 4.76% from its previous closing price of $22.67.

During the last market session, Phreesia Inc’s stock traded between $22.20 and $23.22. Currently, there are 55.25 million shares of Phreesia Inc stock available for purchase.

Unfortunately, Phreesia Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Phreesia Inc Stock Price History

Phreesia Inc’s (PHR) price is currently down 4.04% so far this month.

During the month of March, Phreesia Inc’s stock price has reached a high of $26.56 and a low of $22.20.

Over the last year, Phreesia Inc has hit prices as high as $36.13 and as low as $12.05. Year to date, Phreesia Inc’s stock is down 26.61%.

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What Caused Phreesia Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 14, 2024, there was 1 analyst who downgraded Phreesia Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Phreesia Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Phreesia Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Phreesia Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Phreesia Inc (PHR) by visiting AAII Stock Evaluator.

Relative Price Strength of Phreesia Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 14, 2024, Phreesia Inc has a weighted four-quarter relative price strength of -11.26%, which translates to a Momentum Score of 33 and is considered to be Weak.

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Phreesia Inc Stock Price: Bottom Line

As of March 15, 2024, Phreesia Inc’s stock price is $23.75, which is up 4.76% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Phreesia Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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