After finishing at $2.69 in the prior trading day, Performant Financial Corp (NASDAQ: PFMT) closed at $2.68, down -0.37%. In other words, the price has decreased by -$0.0100 from its previous closing price. On the day, 1160925 shares were traded.
Ratios:
Our goal is to gain a better understanding of PFMT by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.21 and its Current Ratio is at 3.21. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.07.
On April 11, 2022, Lake Street started tracking the stock assigning a Buy rating and target price of $8.
On July 07, 2021, Craig Hallum started tracking the stock assigning a Buy rating and target price of $10.Craig Hallum initiated its Buy rating on July 07, 2021, with a $10 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 May 10 ’23 when PRESCOTT GROUP CAPITAL MANAGEM bought 30,000 shares for $2.61 per share. The transaction valued at 78,300 led to the insider holds 15,793,291 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PFMT now has a Market Capitalization of 206.15M and an Enterprise Value of 204.44M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.81 while its Price-to-Book (P/B) ratio in mrq is 2.55. Its current Enterprise Value per Revenue stands at 1.80 whereas that against EBITDA is 246.91.
Stock Price History:
Over the past 52 weeks, PFMT has reached a high of $3.61, while it has fallen to a 52-week low of $2.00. The 50-Day Moving Average of the stock is 2.8538, while the 200-Day Moving Average is calculated to be 2.6722.
Shares Statistics:
The stock has traded on average 215.12K shares per day over the past 3-months and 490.91k shares per day over the last 10 days, according to various share statistics. A total of 76.92M shares are outstanding, with a floating share count of 65.92M. Insiders hold about 14.30% of the company’s shares, while institutions hold 70.22% stake in the company. Shares short for PFMT as of Mar 15, 2024 were 744.83k with a Short Ratio of 3.46, compared to 683.17k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.97% and a Short% of Float of 1.60%.
Earnings Estimates
Its stock is currently analyzed by 2 different market analysts. On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.07, while EPS last year was -$0.06. The consensus estimate for the next quarter is -$0.04, with high estimates of -$0.03 and low estimates of -$0.05.
Analysts are recommending an EPS of between -$0.06 and -$0.08 for the fiscal current year, implying an average EPS of -$0.07. EPS for the following year is $0.09, with 2 analysts recommending between $0.1 and $0.08.
Revenue Estimates
2 analysts predict $25.84M in revenue for the current quarter. It ranges from a high estimate of $26.3M to a low estimate of $25.38M. As of the current estimate, Performant Financial Corp’s year-ago sales were $26.45M, an estimated decrease of -2.30% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $28.26M, an increase of 10.90% over than the figure of -$2.30% in the same quarter last year. There is a high estimate of $29.7M for the next quarter, whereas the lowest estimate is $26.83M.
A total of 2 analysts have provided revenue estimates for PFMT’s current fiscal year. The highest revenue estimate was $126.68M, while the lowest revenue estimate was $125.6M, resulting in an average revenue estimate of $126.14M. In the same quarter a year ago, actual revenue was $113.74M, up 10.90% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $144.6M in the next fiscal year. The high estimate is $144.6M and the low estimate is $144.59M. The average revenue growth estimate for next year is up 14.60% from the average revenue estimate for this year.
