Quarterly Snapshot: Quick and Current Ratios for Protagonist Therapeutics Inc (PTGX)

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The closing price of Protagonist Therapeutics Inc (NASDAQ: PTGX) was $34.59 for the day, down -1.73% from the previous closing price of $35.20. In other words, the price has decreased by -$1.73 from its previous closing price. On the day, 12.52 million shares were traded. PTGX stock price reached its highest trading level at $35.9 during the session, while it also had its lowest trading level at $34.31.

Ratios:

Our analysis of PTGX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 15.72 and its Current Ratio is at 15.72. 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:

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 Jun 07 ’24 when PATEL DINESH V PH D sold 35,000 shares for $35.19 per share. The transaction valued at 1,231,650 led to the insider holds 515,415 shares of the business.

Waddill William D. sold 8,000 shares of PTGX for $280,000 on Jun 07 ’24. The Director now owns 12,000 shares after completing the transaction at $35.00 per share. On Apr 18 ’24, another insider, Ali Asif, who serves as the Chief Financial Officer of the company, sold 1,234 shares for $25.11 each. As a result, the insider received 30,986 and left with 37,163 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 2064556032 and an Enterprise Value of 1706604288. As of this moment, Protagonist’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.44 while its Price-to-Book (P/B) ratio in mrq is 3.62. Its current Enterprise Value per Revenue stands at 5.419 whereas that against EBITDA is 11.405.

Stock Price History:

The Beta on a monthly basis for PTGX is 2.12, which has changed by 0.47883713 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. Over the past 52 weeks, PTGX has reached a high of $35.96, while it has fallen to a 52-week low of $13.72. The 50-Day Moving Average of the stock is 15.52%, while the 200-Day Moving Average is calculated to be 42.62%.

Shares Statistics:

PTGX traded an average of 675.68K shares per day over the past three months and 2456310 shares per day over the past ten days. A total of 57.71M shares are outstanding, with a floating share count of 55.40M. Insiders hold about 5.55% of the company’s shares, while institutions hold 99.07% stake in the company. Shares short for PTGX as of 1718323200 were 3117841 with a Short Ratio of 4.61, compared to 1715731200 on 3473528. Therefore, it implies a Short% of Shares Outstanding of 3117841 and a Short% of Float of 5.390000000000001.

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