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

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

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

About Goodrx Holdings Inc (GDRX)

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

GoodRx Holdings, Inc. provides a consumer-focused digital healthcare platform in the United States. It offer consumers free access to transparent and lower prices for generic and brand medications, as well as comprehensive healthcare research and information. It also equips healthcare professionals to find and prescribe affordable medications. It offers information and tools to help consumers compare prices and save on their prescription drug purchases. It operates a price comparison platform that provides consumers with geographically relevant prescription pricing and provides access to negotiated prices through its codes that can be used to save money on prescriptions across the United States (the prescription transactions offering). It also offers other healthcare products and services, including pharmaceutical manufacturer solutions, subscriptions, and telehealth services. Its subscription offerings provide additional benefits to consumers of its prescription transactions offering.

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Goodrx Holdings Inc’s Stock Price as of Market Close

As of August 12, 2024, 4:00 PM, CST, Goodrx Holdings Inc’s stock price was $6.78.

Goodrx Holdings Inc is down 5.96% from its previous closing price of $7.21.

During the last market session, Goodrx Holdings Inc’s stock traded between $6.98 and $7.55. Currently, there are 376.25 million shares of Goodrx Holdings Inc stock available for purchase.

Unfortunately, Goodrx Holdings 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.

Goodrx Holdings Inc Stock Price History

Goodrx Holdings Inc’s (GDRX) price is currently down 25.08% so far this month.

During the month of August, Goodrx Holdings Inc’s stock price has reached a high of $9.06 and a low of $6.25.

Over the last year, Goodrx Holdings Inc has hit prices as high as $9.26 and as low as $4.14. Year to date, Goodrx Holdings Inc’s stock is up 45.49%.

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What Caused Goodrx Holdings Inc Stock’s Price to Dip?

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 August 09, 2024, there were 5 analysts who downgraded Goodrx Holdings Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Goodrx Holdings 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 Goodrx Holdings Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Goodrx Holdings Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be 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 Goodrx Holdings Inc (GDRX) by visiting AAII Stock Evaluator.

Relative Price Strength of Goodrx Holdings 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 August 09, 2024, Goodrx Holdings Inc has a weighted four-quarter relative price strength of -3.52%, which translates to a Momentum Score of 53 and is considered to be Average.

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Goodrx Holdings Inc Stock Price: Bottom Line

As of August 12, 2024, Goodrx Holdings Inc’s stock price is $6.78, which is down 5.96% 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 Goodrx Holdings Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.