Bright Health Group (NYSE:BHG) Stock Price Down 1.9% - Here's What Happened

Key Points

• Bright Health Group's stock price fell by 1.9%, trading as low as $6.60 before closing at $6.64, amidst a significant drop in trading volume.
• The company has a market capitalization of $52.99 million and a price-to-earnings ratio of -0.03, indicating financial challenges.
• Bright Health Group operates two segments focused on health insurance policies and clinical care services in the U.S., through both virtual and in-person methods.

Shares of Bright Health Group, Inc. (NYSE:BHG - Get Free Report) were down 1.9% during mid-day trading on Friday . The company traded as low as $6.60 and last traded at $6.64. Approximately 3,443 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 72,717 shares. The stock had previously closed at $6.77.

Bright Health Group Stock Performance

The stock's fifty day moving average price is $6.71 and its 200-day moving average price is $6.65. The company has a market capitalization of $53.64 million, a P/E ratio of -0.03 and a beta of 0.93.

About Bright Health Group

Bright Health Group, Inc, a healthcare company, provides health insurance policies in the United States. It operates in two segments, Bright HealthCare and Consumer Care. The Consumer Care segment delivers virtual and in-person clinical care services contracts through primary care clinics. It operates managed and affiliated risk-bearing clinics within its integrated care delivery system, which included embedded pharmacy, laboratory, radiology, and population health focused specialty services.