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Phathom Pharmaceuticals Inc (NASDAQ: PHAT) closed the day trading at $15.09 down -3.95% from the previous closing price of $15.71. In other words, the price has decreased by -$3.95 from its previous closing price. On the day, 2.08 million shares were traded. PHAT stock price reached its highest trading level at $15.63 during the session, while it also had its lowest trading level at $14.33.
Ratios:
For a better understanding of PHAT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.44 and its Current Ratio is at 6.48.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Stifel on May 03, 2024, initiated with a Buy rating and assigned the stock a target price of $24.
On January 05, 2024, Needham reiterated its Buy rating and also lowered its target price recommendation from $23 to $26.
On August 09, 2023, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $28.H.C. Wainwright initiated its Buy rating on August 09, 2023, with a $28 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 15 ’24 when Nabulsi Azmi sold 10,901 shares for $11.72 per share. The transaction valued at 127,760 led to the insider holds 240,421 shares of the business.
Henderson Molly sold 4,325 shares of PHAT for $50,689 on Jul 15 ’24. The CFO and CBO now owns 99,447 shares after completing the transaction at $11.72 per share. On Jul 15 ’24, another insider, Curran Terrie, who serves as the President and Chief Executive of the company, sold 33,848 shares for $11.72 each. As a result, the insider received 396,699 and left with 377,734 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PHAT now has a Market Capitalization of 1030490048 and an Enterprise Value of 1129411712. For the stock, the TTM Price-to-Sale (P/S) ratio is 103.88. Its current Enterprise Value per Revenue stands at 113.875 whereas that against EBITDA is -4.481.
Stock Price History:
Over the past 52 weeks, PHAT has reached a high of $19.71, while it has fallen to a 52-week low of $6.07. The 50-Day Moving Average of the stock is -3.63%, while the 200-Day Moving Average is calculated to be 34.90%.
Shares Statistics:
Over the past 3-months, PHAT traded about 957.97K shares per day on average, while over the past 10 days, PHAT traded about 1050560 shares per day. A total of 57.97M shares are outstanding, with a floating share count of 37.51M. Insiders hold about 45.07% of the company’s shares, while institutions hold 47.62% stake in the company. Shares short for PHAT as of 1727654400 were 17219985 with a Short Ratio of 17.98, compared to 1724976000 on 15337540. Therefore, it implies a Short% of Shares Outstanding of 17219985 and a Short% of Float of 35.61.
