Health In Tech Inc Class A Common Stock HIT

Morningstar Rating
$0.58 +0.01 (1.30%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

HIT is trading at a LOCK|P<Gnj premium.
Price
$0.58
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
—

News

Trading Information

Previous Close Price
$0.58
Day Range
$0.55–0.62
52-Week Range
$0.50–3.11
Bid/Ask
$0.54 / $0.62
Shares Outstanding
65.30M
Market Cap
$38.19M
Volume/Avg
70,119 / 174,043

Key Statistics

Price/Earnings (Normalized)
29.24
Price/Sales
1.06
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
Total Yield
—

Company Profile

Health In Tech Inc is an AI-enabled insurance technology platform company that offers a marketplace that improves processes in the healthcare industry through vertical integration, process simplification, and automation. By removing friction and complexities, it streamlines the underwriting, sales, and service process for insurance companies, licensed brokers, Managing General Underwriter (MGUs), and third-party administrators (TPAs). The company's platform serves as a marketplace for brokers, TPAs, MGUs and carriers with self-funded health insurance options for employers. The platform includes functions such as plan customization, stop-loss quoting, underwriting, claims administration, and reporting integration.
Sector
Technology
Industry
Software - Application
Stock Style Box
Small Value
Total Number of Employees
91

Valuation

Metric
HIT
Price/Earnings (Normalized)
29.24
Price/Book Value
1.96
Price/Sales
1.06
Price/Cash Flow
14.65
Price/Earnings
HIT

Financial Strength

Metric
HIT
Quick Ratio
1.93
Current Ratio
2.18
Interest Coverage
—
Quick Ratio
HIT

Profitability

Metric
HIT
Return on Assets (Normalized)
−10.62%
Return on Equity (Normalized)
−14.64%
Return on Invested Capital (Normalized)
−15.96%
Return on Assets
HIT

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