Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
After finishing at $2.65 in the prior trading day, Performant Healthcare Inc (NASDAQ: PHLT) closed at $2.75, up 3.77%. In other words, the price has increased by $3.77 from its previous closing price. On the day, 0.14 million shares were traded. PHLT stock price reached its highest trading level at $2.77 during the session, while it also had its lowest trading level at $2.59.
Ratios:
Our goal is to gain a better understanding of PHLT by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.67 and its Current Ratio is at 2.67. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.11.
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, B. Riley Securities on July 25, 2024, initiated with a Buy rating and assigned the stock a target price of $8.
On April 11, 2022, Lake Street started tracking the stock assigning a Buy rating and target price of $8.Lake Street initiated its Buy rating on April 11, 2022, with a $8 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 Dec 10 ’24 when Im Lisa sold 6,154 shares for $3.26 per share. The transaction valued at 20,052 led to the insider holds 1,410,280 shares of the business.
Im Lisa bought 6,154 shares of PHLT for $20,051 on Dec 10 ’24.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PHLT now has a Market Capitalization of 215301344 and an Enterprise Value of 216391248. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.78 while its Price-to-Book (P/B) ratio in mrq is 2.86. Its current Enterprise Value per Revenue stands at 1.792 whereas that against EBITDA is -47.319.
Stock Price History:
Over the past 52 weeks, PHLT has reached a high of $4.35, while it has fallen to a 52-week low of $2.37. The 50-Day Moving Average of the stock is -16.12%, while the 200-Day Moving Average is calculated to be -14.75%.
Shares Statistics:
The stock has traded on average 148.13K shares per day over the past 3-months and 159550 shares per day over the last 10 days, according to various share statistics. A total of 78.29M shares are outstanding, with a floating share count of 69.38M. Insiders hold about 11.38% of the company’s shares, while institutions hold 79.57% stake in the company. Shares short for PHLT as of 1732838400 were 960598 with a Short Ratio of 7.01, compared to 1730332800 on 1092048. Therefore, it implies a Short% of Shares Outstanding of 960598 and a Short% of Float of 2.09.
