Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Pliant Therapeutics Inc (NASDAQ: PLRX) was $3.03 for the day, down -1.62% from the previous closing price of $3.08. In other words, the price has decreased by -$1.62 from its previous closing price. On the day, 1.58 million shares were traded.
Ratios:
Our analysis of PLRX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 10.26 and its Current Ratio is at 10.26. In the meantime, Its Debt-to-Equity ratio is 0.17 whereas as Long-Term Debt/Eq ratio is at 0.17.
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 the company, Wells Fargo on February 10, 2025, Downgraded its rating to Equal Weight and sets its target price to $4 from $41 previously.
On February 10, 2025, RBC Capital Mkts Downgraded its rating to Sector Perform which previously was Outperform and also lowered its target price recommendation from $45 to $4.
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 Jan 17 ’25 when Coulie Bernard sold 52,419 shares for $11.20 per share. The transaction valued at 587,150 led to the insider holds 430,517 shares of the business.
Cummings Keith Lamont sold 20,148 shares of PLRX for $225,680 on Jan 17 ’25. The Chief Financial Officer now owns 262,608 shares after completing the transaction at $11.20 per share. On Jan 17 ’25, another insider, Hull Hans, who serves as the Chief Business Officer of the company, sold 15,936 shares for $11.20 each. As a result, the insider received 178,501 and left with 211,558 shares of the company.
Stock Price History:
Over the past 52 weeks, PLRX has reached a high of $18.00, while it has fallen to a 52-week low of $2.43. The 50-Day Moving Average of the stock is -71.09%, while the 200-Day Moving Average is calculated to be -75.34%.
Shares Statistics:
A total of 60.85M shares are outstanding, with a floating share count of 52.66M. Insiders hold about 13.46% of the company’s shares, while institutions hold 97.36% stake in the company.
