Market Insight: Paragon 28 Inc (FNA)’s Notable Gain, Closing at 5.74

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In the latest session, Paragon 28 Inc (NYSE: FNA) closed at $5.74 up 0.53% from its previous closing price of $5.71. In other words, the price has increased by $0.53 from its previous closing price. On the day, 1.07 million shares were traded. FNA stock price reached its highest trading level at $5.9 during the session, while it also had its lowest trading level at $5.55.

Ratios:

For a deeper understanding of Paragon 28 Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.78 and its Current Ratio is at 3.57. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.67.

On April 11, 2023, Stephens started tracking the stock assigning a Overweight rating and target price of $23.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 15 ’24 when DaCosta Albert bought 28,000 shares for $9.12 per share. The transaction valued at 255,226 led to the insider holds 5,339,110 shares of the business.

DaCosta Albert bought 30,500 shares of FNA for $259,555 on Nov 10 ’23. The insider now owns 5,311,110 shares after completing the transaction at $8.51 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FNA now has a Market Capitalization of 476141024 and an Enterprise Value of 529761792. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.11 while its Price-to-Book (P/B) ratio in mrq is 2.89. Its current Enterprise Value per Revenue stands at 2.35 whereas that against EBITDA is -20.541.

Stock Price History:

The Beta on a monthly basis for FNA is 0.92, which has changed by -0.68040085 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, FNA has reached a high of $18.59, while it has fallen to a 52-week low of $5.60. The 50-Day Moving Average of the stock is -32.06%, while the 200-Day Moving Average is calculated to be -46.59%.

Shares Statistics:

For the past three months, FNA has traded an average of 672.06K shares per day and 750680 over the past ten days. A total of 82.83M shares are outstanding, with a floating share count of 37.18M. Insiders hold about 55.18% of the company’s shares, while institutions hold 36.77% stake in the company. Shares short for FNA as of 1715731200 were 4336081 with a Short Ratio of 6.93, compared to 1713139200 on 3407196. Therefore, it implies a Short% of Shares Outstanding of 4336081 and a Short% of Float of 9.39.

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