PAVmed Inc. (NASDAQ:PAVM) traded at $1.79 at last check on Friday, Nov 20, making an upward move of 0.56% on its previous day’s price.
Looking at the stock we see that its previous close was $1.78 and the beta (5Y monthly) reads 0.04 with the day’s price range being $1.7500 – 1.8095. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, PAVM has a high of $3.45 and a low of $0.81. The company’s stock has gained about -8.21% over that past 30 days.
PAVmed has a market cap of $94.08 Million and is expected to release its quarterly earnings report on November 17, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the PAVM stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$0.12, with the EPS growth for the year declined at -$0.68 for 2020 and -$0.44 for next year. These figures represent 0.24% and at -0.35% growth in EPS for the two years respectively.
On the other hand, looking at the outlook for the PAVM stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Let’s briefly compare PAVmed (PAVM) stock to its peers. We find that today’s price change of +0.56% and +99.96% over the past 12 months for PAVM betters that of Thermo Fisher Scientific Inc (TMO), which has seen its stock price fall -0.45% in the latest trading session and is +47.73% over the last one year. Another of its peers Intuitive Surg Inc (ISRG) has dropped -0.44% today, and is +27.79% up over the past year, while Edwards Lifesciences Corp (EW) is also up 0.56% yet its price remains in the green at 99.96% over the same period. Thermo has a P/E ratio of 36.96 compared to PAVmed’s 0 and Intuitive’s 83.28. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.
Coming back to PAVmed Inc. (NASDAQ:PAVM), we note that the average 3-month trading volume was 561.46 Million, while that of the preceding 10-day period stands at 583.29 Million. Current shares outstanding are 52.25 Million.
According to data from Thomson Reuters, insiders hold 19.77% of the company’s shares while institutions hold 13.3%. The data shows that short shares as of October 29, 2020, stood at 3.11 Million at a short ratio of 6.79. This represents a 6.27% Short interest in Shares outstanding on October 29, 2020. Shares short dropped in October from the previous month at 3.56 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +49.17% up in year-to-date price movement.