HQY
HealthEquity, Inc. Healthcare - Health Information Services Investor Relations →
HealthEquity, Inc. (HQY) closed at $81.02 as of 2026-03-20, trading 3.2% above its 200-week moving average of $78.50. The stock moved further from the line this week, up from -0.7% last week. The 14-week RSI sits at 33, indicating neutral momentum.
Trading volume is running at 1.6x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.10 ratio) is neutral — neither side is clearly dominating.
Over the past 559 weeks of data, HQY has crossed below its 200-week moving average 10 times. On average, these episodes lasted 14 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 4.9%. Return on equity stands at 10.2%. The stock trades at 3.3x book value.
Share count has increased 3.3% over three years, indicating dilution.
Over the past 10.8 years, a hypothetical investment of $100 in HQY would have grown to $241, compared to $369 for the S&P 500. HQY has returned 8.5% annualized vs 12.9% for the index, underperforming the broader market over this period.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
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 10 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% | +223.2% |
| May 2016 | May 2016 | 2 | 5.9% | +88.4% | +234.2% |
| Mar 2020 | May 2020 | 11 | 29.7% | +46.6% | +50.1% |
| Jun 2020 | Nov 2020 | 22 | 22.2% | +35.8% | +40.1% |
| Aug 2021 | Jun 2022 | 43 | 40.9% | -2.5% | +28.4% |
| Jun 2022 | Sep 2022 | 10 | 13.5% | +9.5% | +40.5% |
| Nov 2022 | Feb 2023 | 14 | 10.9% | +7.5% | +26.3% |
| Mar 2023 | Jul 2023 | 20 | 16.2% | +31.5% | +31.4% |
| Dec 2023 | Dec 2023 | 1 | 2.0% | +53.1% | +29.8% |
| Feb 2026 | Ongoing | 6+ | 5.4% | Ongoing | +9.7% |
| Average | 14 | — | +36.8% | — |
Frequently Asked Questions
Is HQY below its 200-week moving average?
No. HealthEquity, Inc. (HQY) is currently 3.2% above its 200-week moving average of $78.50. It would need to fall to $78.50 to cross below the line.
What is HQY's 200-week moving average price?
HealthEquity, Inc.'s 200-week moving average is $78.50 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when HQY drops below its 200-week moving average?
HQY has crossed below its 200-week moving average 10 times in our data. On average, buying at that moment produced a one-year return of +36.8%. These dips have historically been decent entry points. These episodes lasted 14 weeks on average.
Is HQY a good value right now?
Here's what our data says about HQY as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 33. Free cash flow yield is 4.9%. Return on equity is 10.2%. Price-to-book is 3.3x. This is not a buy or sell recommendation — always do your own research.
How does HQY compare to the S&P 500?
Over the past 10.8 years, $100 invested in HQY would have grown to $241, compared to $369 for the S&P 500. That's 8.5% annualized vs 12.9% for the index. HQY has underperformed the broader market over this period.
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 week of 2026-03-20