HQY
HealthEquity, Inc. Healthcare - Health Information Services Investor Relations →
HealthEquity, Inc. (HQY) closed at $79.45 as of 2026-02-02, trading 1.8% above its 200-week moving average of $78.04. The stock is currently moving closer to the line, down from 9.9% last week. The 14-week RSI sits at 35, indicating neutral momentum.
Over the past 553 weeks of data, HQY has crossed below its 200-week moving average 9 times. On average, these episodes lasted 15 weeks. Historically, investors who bought HQY at the start of these episodes saw an average one-year return of +36.8%.
With a market cap of $6.9 billion, HQY is a mid-cap stock. The company generates a free cash flow yield of 4.1%. Return on equity stands at 9.0%. The stock trades at 3.2x book value.
Share count has increased 3.3% over three years, indicating dilution.
Over the past 10.7 years, a hypothetical investment of $100 in HQY would have grown to $236, compared to $391 for the S&P 500. HQY has returned 8.4% annualized vs 13.6% for the index, underperforming the broader market over this period.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Growth of $100: HQY vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After HQY Crosses Below the Line?
Across 9 historical episodes, buying HQY when it crossed below its 200-week moving average produced an average return of +38.8% after 12 months (median +41.0%), compared to +22.7% for the S&P 500 over the same periods. 89% of those episodes were profitable after one year. After 24 months, the average return was +56.8% vs +40.9% for the index.
Each line shows $100 invested at the moment HQY crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
HQY has crossed below its 200-week MA 9 times with an average 1-year return of +36.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 2015 | Mar 2016 | 13 | 37.2% | +61.6% | +216.9% |
| May 2016 | May 2016 | 2 | 5.9% | +88.4% | +227.8% |
| Mar 2020 | May 2020 | 11 | 29.7% | +46.6% | +47.2% |
| Jun 2020 | Nov 2020 | 22 | 22.2% | +35.8% | +37.4% |
| Aug 2021 | Jun 2022 | 43 | 40.9% | -2.5% | +25.9% |
| Jun 2022 | Sep 2022 | 10 | 13.5% | +9.5% | +37.8% |
| Nov 2022 | Feb 2023 | 14 | 10.9% | +7.5% | +23.9% |
| Mar 2023 | Jul 2023 | 20 | 16.2% | +31.5% | +28.8% |
| Dec 2023 | Dec 2023 | 1 | 2.0% | +53.1% | +27.2% |
| Average | 15 | — | +36.8% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02