Professional Diversity Network, Inc. (NASDAQ:IPDN) concluded the trading on Thursday, Oct 15, with a rise of 1.8% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $1.11 and 5Y monthly beta was reading 1.93 with its price kept floating in the range of $1.0800 and $1.4400 on the day. Company’s P/E ratio for the trailing 12 months is 0. Considering stock’s 52-week price range provides that IPDN hit a high price of $3.98 and saw its price falling to a low level of $0.76 during that period. Over a period of past 1-month, stock came adding 18.95% in its value.
According to ratings assigned by 1 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; none of them are recommending Professional Diversity Network, Inc. (IPDN) as a Hold, while 1 are in view that stock is a Buy. Recommendation by None analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is none, whereas none of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Buy and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the IPDN stock which is currently positioned at 0. It further provides that stock’s current price level is 10.06% away from its 20-day simple moving average and is 3.33% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 53.56 while volatility remained at 14.42% over the past week which changes to 18.97% when measuring it over the past month. Beta is valued at 1.93, while measure of average true range or ATR is currently at 0.16. In predicting price targets of as low as $36 and as high as $36, analysts are in agreement on assigning the stock over the next 12 months average price target of $36. Stock’s current price level is 3085.84% above from estimated low price target while it is 3085.84% below the estimated high; and even if the IPDN’s share succeeded to reach the median price of $36, then the outlook of +3085.84% could come to the excitement of the investors.
In comparing Professional Diversity Network, Inc. (IPDN)’s stock with other industry players reveals that stock’s latest price change of +1.8% and that of -20.03% over the past 12 months is in competing position with that of Automatic Data Procs (ADP) which saw its stock price fell by -0.75% in the recent trading and went through a decline of -10.22% in past 12-month trading. Industry’s another major player Paychex Inc (PAYX) has fell -1.26% down in latest trading session, but over the past year has faced a fall of -1.73%, while Broadridge Financial Solutions Llc (BR) is also up 1.8% however its price remained floating in the red at -20.03% over the same period. Professional Diversity Network, Inc. has a P/E ratio of 0 against that of Automatic Data Procs’s 25.93 while Paychex Inc is showing 28.75 for the same. On the other hand, the S&P 500 Index was down -0.15% in the early deals while the Dow Jones Industrial was dealing lower at -0.07%.
Having a second look at Professional Diversity Network, Inc. (NASDAQ:IPDN) provides that stock’s average daily trading volume for 3 months was 1.09 Million, while it jumped to 1.57 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 12.82 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 62.26% while it is 2.15% for the institutional holders. The figures also indicate that as of September 29, 2020, number of stock’s short shares was 122000000 which implies a short ratio of 0.24. This shows up a 0.95% of Short Interest in company’s outstanding shares on the day. In September the standing of shares short declined as it was 158.11 Million in the previous month. Addition of +24.18% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.