After finishing at $29.87 in the prior trading day, Protagonist Therapeutics Inc (NASDAQ: PTGX) closed at $30.20, up 1.10%. In other words, the price has increased by $+0.33 from its previous closing price. On the day, 611478 shares were traded.
Ratios:
Our goal is to gain a better understanding of PTGX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 16.71 and its Current Ratio is at 16.71. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
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 this company, CapitalOne on October 30, 2023, initiated with a Overweight rating and assigned the stock a target price of $32.
On August 25, 2022, JMP Securities started tracking the stock assigning a Mkt Outperform rating and target price of $21.JMP Securities initiated its Mkt Outperform rating on August 25, 2022, with a $21 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 Mar 01 ’24 when PATEL DINESH V PH D sold 30,000 shares for $31.62 per share. The transaction valued at 948,600 led to the insider holds 574,590 shares of the business.
Ali Asif sold 14,248 shares of PTGX for $459,318 on Mar 01 ’24. The Chief Financial Officer now owns 38,397 shares after completing the transaction at $32.24 per share. On Mar 01 ’24, another insider, Waddill William D., who serves as the Director of the company, sold 12,975 shares for $31.34 each. As a result, the insider received 406,636 and left with 12,000 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, PTGX now has a Market Capitalization of 1.76B and an Enterprise Value of 1.42B. For the stock, the TTM Price-to-Sale (P/S) ratio is 29.33 while its Price-to-Book (P/B) ratio in mrq is 5.18. Its current Enterprise Value per Revenue stands at 23.66 whereas that against EBITDA is -15.71.
Stock Price History:
Over the past 52 weeks, PTGX has reached a high of $33.34, while it has fallen to a 52-week low of $13.72. The 50-Day Moving Average of the stock is 26.93, while the 200-Day Moving Average is calculated to be 21.71.
Shares Statistics:
The stock has traded on average 794.96K shares per day over the past 3-months and 646.74k shares per day over the last 10 days, according to various share statistics. A total of 57.71M shares are outstanding, with a floating share count of 54.78M. Insiders hold about 5.99% of the company’s shares, while institutions hold 95.72% stake in the company. Shares short for PTGX as of Feb 29, 2024 were 2.94M with a Short Ratio of 3.69, compared to 2.61M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.04% and a Short% of Float of 5.10%.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of $2.22 for the current quarter, with a high estimate of $4.58 and a low estimate of -$0.62, while EPS last year was -$0.67. The consensus estimate for the next quarter is -$0.61, with high estimates of -$0.54 and low estimates of -$0.66.
Analysts are recommending an EPS of between $2.92 and -$2.71 for the fiscal current year, implying an average EPS of $0.79. EPS for the following year is -$0.81, with 5 analysts recommending between $2.14 and -$3.27.
