For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of P3 Health Partners Inc (NASDAQ: PIII) was $0.21 for the day, down -7.18% from the previous closing price of $0.23. In other words, the price has decreased by -$7.18 from its previous closing price. On the day, 2.2 million shares were traded.
Ratios:
Our analysis of PIII’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.53 and its Current Ratio is at 0.53. In the meantime, Its Debt-to-Equity ratio is 1.20 whereas as Long-Term Debt/Eq ratio is at 1.20.
On September 01, 2023, BTIG Research started tracking the stock assigning a Buy rating and target price of $5.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 12 ’24 when Chicago Pacific Founders UGP I bought 80,000 shares for $0.52 per share. The transaction valued at 41,600 led to the insider holds 77,105,438 shares of the business.
Chicago Pacific Founders UGP I bought 80,000 shares of PIII for $39,952 on Sep 13 ’24. The 10% Owner now owns 77,185,438 shares after completing the transaction at $0.50 per share. On Sep 11 ’24, another insider, Chicago Pacific Founders UGP I, who serves as the 10% Owner of the company, bought 80,000 shares for $0.56 each. As a result, the insider paid 44,728 and bolstered with 77,025,438 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.05 while its Price-to-Book (P/B) ratio in mrq is 0.29.
Stock Price History:
Over the past 52 weeks, PIII has reached a high of $1.20, while it has fallen to a 52-week low of $0.17. The 50-Day Moving Average of the stock is 2.90%, while the 200-Day Moving Average is calculated to be -48.20%.
Shares Statistics:
A total of 161.97M shares are outstanding, with a floating share count of 91.41M. Insiders hold about 43.87% of the company’s shares, while institutions hold 13.07% stake in the company.
