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After finishing at $5.46 in the prior trading day, Paltalk Inc (NASDAQ: PALT) closed at $3.21, down -41.21%. In other words, the price has decreased by -$41.21 from its previous closing price. On the day, 1.57 million shares were traded. PALT stock price reached its highest trading level at $3.65 during the session, while it also had its lowest trading level at $3.13.
Ratios:
Our goal is to gain a better understanding of PALT by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.43 and its Current Ratio is at 4.43. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
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 Aug 26 ’24 when J. Crew Delaware Trust B sold 4,853 shares for $4.96 per share. The transaction valued at 24,071 led to the insider holds 1,470,755 shares of the business.
J. Crew Delaware Trust B sold 1,800 shares of PALT for $8,928 on Aug 23 ’24. The 10% Owner now owns 1,475,608 shares after completing the transaction at $4.96 per share. On Mar 14 ’24, another insider, J. Crew Delaware Trust B, who serves as the 10% Owner of the company, sold 15 shares for $4.95 each. As a result, the insider received 74 and left with 1,477,408 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, PALT now has a Market Capitalization of 29603134 and an Enterprise Value of 16923508. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.88 while its Price-to-Book (P/B) ratio in mrq is 1.57. Its current Enterprise Value per Revenue stands at 1.646 whereas that against EBITDA is -8.473.
Stock Price History:
Over the past 52 weeks, PALT has reached a high of $5.50, while it has fallen to a 52-week low of $1.53. The 50-Day Moving Average of the stock is -24.88%, while the 200-Day Moving Average is calculated to be -10.14%.
Shares Statistics:
The stock has traded on average 55.08K shares per day over the past 3-months and 324340 shares per day over the last 10 days, according to various share statistics. A total of 9.22M shares are outstanding, with a floating share count of 6.17M. Insiders hold about 33.10% of the company’s shares, while institutions hold 8.73% stake in the company. Shares short for PALT as of 1723680000 were 44758 with a Short Ratio of 0.81, compared to 1721001600 on 20833. Therefore, it implies a Short% of Shares Outstanding of 44758 and a Short% of Float of 0.75.
