As of close of business last night, Performant Financial Corp’s stock clocked out at $2.89, down -4.93% from its previous closing price of $3.04. In other words, the price has decreased by -$0.1500 from its previous closing price. On the day, 575803 shares were traded.
Ratios:
To gain a deeper understanding of PFMT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.48 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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.
PRESCOTT GROUP CAPITAL MANAGEM bought 300,182 shares of PFMT for $798,484 on Mar 17 ’23. The 10% Owner now owns 15,763,291 shares after completing the transaction at $2.66 per share. On Mar 16 ’23, another insider, PRESCOTT GROUP CAPITAL MANAGEM, who serves as the 10% Owner of the company, bought 2,770 shares for $2.80 each. As a result, the insider paid 7,756 and bolstered with 15,463,109 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, PFMT now has a Market Capitalization of 222.30M and an Enterprise Value of 216.40M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.95 while its Price-to-Book (P/B) ratio in mrq is 2.75. Its current Enterprise Value per Revenue stands at 1.96 whereas that against EBITDA is -211.12.
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 2.8508, while the 200-Day Moving Average is calculated to be 2.6785.
Shares Statistics:
It appears that PFMT traded 162.50K shares on average per day over the past three months and 239.72k shares per day over the past ten days. A total of 76.92M shares are outstanding, with a floating share count of 65.88M. Insiders hold about 14.30% of the company’s shares, while institutions hold 70.26% stake in the company. Shares short for PFMT as of Feb 29, 2024 were 761.56k with a Short Ratio of 4.69, compared to 734.45k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.99% and a Short% of Float of 1.64%.
Earnings Estimates
As of right now, 2 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.05, 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 -$0.04 and -$0.12 for the fiscal current year, implying an average EPS of -$0.08. EPS for the following year is $0.11, with 1 analysts recommending between $0.11 and $0.11.
Revenue Estimates
In the current quarter, 2 analysts expect revenue to total $27.98M. It ranges from a high estimate of $28.77M to a low estimate of $27.2M. As of the current estimate, Performant Financial Corp’s year-ago sales were $26.45M, an estimated increase of 5.80% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $29.71M, an increase of 16.60% over than the figure of $5.80% in the same quarter last year. There is a high estimate of $29.8M for the next quarter, whereas the lowest estimate is $29.61M.
A total of 2 analysts have provided revenue estimates for PFMT’s current fiscal year. The highest revenue estimate was $128.96M, while the lowest revenue estimate was $125.3M, resulting in an average revenue estimate of $127.13M. In the same quarter a year ago, actual revenue was $113.74M, up 11.80% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $150.22M in the next fiscal year. The high estimate is $150.22M and the low estimate is $150.22M. The average revenue growth estimate for next year is up 18.20% from the average revenue estimate for this year.
