HQY NASDAQ Week ended 24 Jul 2026

Weekly Investor Report

HealthEquity Inc · Healthcare · Health Information Services

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Latest close 94.64 USD
-3.1% latest week
Weekly setup

Constructive, but selective

The weekly trend is active. Price is 11.0% above the Trend Line and sits at 65.9% of its 52-week range. The latest completed week returned -3.1%, after a 7.0% four-week move. The latest factor snapshot indicates quality ranks strongly versus its universe; growth ranks strongly; valuation is expensive relative to peers. Options positioning is mixed with 32/100 conviction, while the latest news-sentiment score is 58/100. Near-term considerations: volume confirmation is below normal; earnings are due in 32d.

Setup score 52 out of 100
Latest Close 94.64 USD 24 Jul 2026
1W Return -3.1% latest completed week
4W Return 7.0% short-term follow-through
12W Return 14.8% quarterly tape
Trend Breadth 5.8% 3 of 52 weeks active
Volume Ratio 0.7x vs 13-week average
What is working
  • The trend backdrop is active with a 3-week active streak.
  • Price is above the Trend Line, keeping the weekly tape constructive.
  • Price is above Fair Value, showing premium demand versus the model.
  • Activity pressure is positive on the latest completed week.
What could go wrong
  • No major top-level risk cluster is currently dominant.
What to watch next
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through -3.1% Latest completed week; four-week move 7.0%. Indicator stack 14/71 Trend and activity pressure are weighted against the latest 12-week confirmation window. Trend backdrop Active The trend backdrop defines the current weekly regime. Patient Capital Quiet Activity-pressure buy-signal status for institutional accumulation timing. Next-Week Expectancy Positive 56.70% Historical one-week expectancy contributes to the evidence score when direction is confirmed. Options pressure Mixed 32/100 conviction; expected move 9.4%. News sentiment 58/100 59 relevant articles in the latest sentiment read. Event risk 32d Next report is scheduled for 01 Sep 2026; event risk rises as the date approaches.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is active. Price is 11.0% above the Trend Line and sits at 65.9% of its 52-week range. The latest completed week returned -3.1%, after a 7.0% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 0.7x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.5212-week average 0.29

12-week confirmation

Trend active3/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure12/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership0/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.52Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers

No recent accumulation markers. No reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is 7.0% over four weeks, 14.8% over 12 weeks, and -1.5% over one year. The current trend has remained active for 3 consecutive weeks.

Performance by holding period

1W-3.1%
4W7.0%
12W14.8%
26W12.5%
52W-1.5%
Active trend streak3 weeks
Active weeks in one year3
Trend breadth5.8%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure1.08Latest activity-pressure read.
Pressure change13.2%Four-week change in activity pressure.
Leadership-2.86Latest relative-leadership reading.
RS change79.4%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

The latest factor snapshot indicates quality ranks strongly versus its universe; growth ranks strongly; valuation is expensive relative to peers.

Open full factor analysis
Factor week 26 Jul 2026 Financial statements through 31 Jan 2026 Field coverage 94% Model confidence 94%

Relative factor standing

Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.

Overall factor strength21/100Blend of value, momentum, and quality. Underlying universe rank 80; rank 1 is best.
Value13/100Relative valuation strength. Underlying universe rank 88; rank 1 is best.
Quality98/100Profitability and accounting quality. Underlying universe rank 3; rank 1 is best.
Momentum24/100Medium-term price momentum. Underlying universe rank 77; rank 1 is best.
Growth97/100Revenue and earnings growth. Underlying universe rank 4; rank 1 is best.
How to read this

Quality and valuation are separate questions

A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.

Valuation

How much investors are paying for earnings, sales, and cash flow.

P/E
34.3x
Price divided by trailing earnings.
Price / sales
5.9x
Market value relative to trailing revenue.
EV / EBITDA
18.8x
Enterprise value relative to operating cash earnings.
Free-cash-flow yield
6.1%
Free cash flow as a share of enterprise value.

Business quality

Margins and the return generated on invested capital.

Gross margin
72.7%
Gross profit retained from each unit of revenue.
Operating margin
24.7%
Operating profit retained from revenue.
Free-cash-flow margin
39.1%
Free cash flow generated from revenue.
Return on invested capital
9.2%
Operating return generated on invested capital.

Growth and financial strength

Recent business growth and accounting strength.

Revenue growth
7.6%
Latest one-year revenue growth.
EPS growth
89.4%
Latest one-year earnings-per-share growth.
Free-cash-flow growth
-11.5%
Latest one-year free-cash-flow growth.
Piotroski F-score
9/9
Nine-point accounting-strength checklist.

Shareholder return and balance sheet

Cash returned to owners and financial leverage.

Dividend yield
-
Cash dividends relative to market value.
Buyback yield
4.6%
Net share repurchases relative to market value.
Shareholder yield
4.6%
Dividend yield plus net buyback yield.
Net debt / EBITDA
1.6x
Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Options positioningMixed

HQY shows mixed options pressure with a 32/100 conviction score, put-call volume ratio of 1.00, expected move of 9.4%, and Sharemaestro trend signal active.

Conviction32/100
Expected move9.4%
Put/call volume1.00
Pressure10
Speculation2
Volatility60
Trend agreement82
Open options detail
Insider activity9 / 11

9 acquisitions and 11 disposals in the latest 180-day insider tape.

Acquisitions / disposals over the latest 180 days. Insider activity is context, not a stand-alone signal.
News sentiment58/100

Weighted news tone is neutral across 59 relevant articles.

26 positive · 30 neutral · 3 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings32dNext report is scheduled for 01 Sep 2026; event risk rises as the date approaches.
Options expected move9.4%Nearest-chain priced movement where available.
52-week drawdown-10.7%Distance below the 52-week high.
13-week volatility3.6%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher13 of 2613 weeks finished lower.
Best week+10.4%Week of 17 Apr.
Worst week-7.9%Week of 10 Apr.
Latest week-3.1%Week of 24 Jul.

Shape of recent returns

Strong gains5
Modest gains8
Flat weeks0
Modest losses9
Sharp losses4
Recent vol3.6%13-week weekly-return volatility.
Base vol4.5%52-week weekly-return volatility.
Up/down split26/26Count of positive and negative weeks in the 52-week window.
Average skew3.6% / -3.4%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

Weekly tape47/100

Trend, activity pressure, participation, and risk combine to a 47/100 tape read.

 Indicator analysis45/100

Latest 12-week confirmation: trend 3/12, activity pressure 12/12, relative leadership 0/12.

Activity pressure 0.52; No reversal markers Next-Week ExpectancyPositive 56.70%

Next-week expectancy is positive with a 56.70% historical one-week setup read.

Adds short-term historical context without overriding trend, activity, or relative leadership. Factors39/100

O'Shaughnessy factor stack blends value, quality, momentum, and confidence.

Buyback Yield rank 13; Small Cap Core rank 85 Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal Options54/100

HQY shows mixed options pressure with a 32/100 conviction score, put-call volume ratio of 1.00, expected move of 9.4%, and Sharemaestro trend signal active.

Mixed · Options-market disagreement · Expected move 9.4% Sentiment58/100

Weighted news tone is neutral across 59 relevant articles.

HealthEquity, Inc. (HQY) Stock Forecasts Insiders9 / 11

9 acquisitions and 11 disposals in the latest 180-day insider tape.

 Earnings32d

Next report is scheduled for 01 Sep 2026; event risk rises as the date approaches.
WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
24 Jul 202694.64 USD-3.1%85.27 USD85.83 USD1.08-2.863.3MOn
17 Jul 202697.67 USD3.5%85.23 USD85.64 USD1.17-1.774.6MOn
10 Jul 202694.40 USD-1.0%85.16 USD85.42 USD1.04-9.433.5MOn
3 Jul 202695.31 USD7.7%85.24 USD85.21 USD0.98-7.414.1MOff
26 Jun 202688.46 USD3.8%85.21 USD85.03 USD0.96-13.906.1MOff
19 Jun 202685.21 USD-3.5%85.77 USD84.87 USD0.94-21.495.1MOff
12 Jun 202688.34 USD-0.4%86.33 USD84.71 USD1.02-17.283.7MOff
5 Jun 202688.67 USD0.8%86.77 USD84.54 USD0.99-15.895.0MOff
29 May 202687.99 USD-0.1%86.94 USD84.39 USD0.80-21.165.8MOff
22 May 202688.11 USD7.2%87.16 USD84.21 USD0.62-19.545.0MOff
15 May 202682.17 USD-3.1%87.44 USD84.00 USD0.45-24.744.9MOff
8 May 202684.84 USD3.0%87.75 USD83.83 USD0.43-23.253.2MOff
1 May 202682.40 USD-0.1%87.94 USD83.64 USD0.30-22.004.7MOff
24 Apr 202682.45 USD-4.2%88.15 USD83.47 USD0.17-21.364.5MOff
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.