Performant Financial Corporation (NASDAQ:PFMT) concluded the trading at $1.23 on Friday, Jan 22, with a fall of -2.38% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $1.26 and 5Y monthly beta was reading -0.85 with its price kept floating in the range of $1.2200 and $1.2800 on the day. Company’s P/E ratio for the trailing 12 months is 0. Considering stock’s 52-week price range provides that PFMT hit a high price of $2.17 and saw its price falling to a low level of $0.54 during that period. Over a period of past 1-month, stock came adding 49.93% in its value.
In contrast, when we review PFMT stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 100% Buy for it.
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; 1 of them are recommending Performant Financial Corporation (PFMT) as a Hold, while none 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 Hold 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 PFMT stock which is currently positioned at 0. It further provides that stock’s current price level is 16.33% away from its 20-day simple moving average and is 38.79% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 61.39 while volatility remained at 11.85% over the past week which changes to 13.86% when measuring it over the past month. Beta is valued at -0.85, while measure of average true range or ATR is currently at 0.12. In predicting price targets of as low as $3 and as high as $3, analysts are in agreement on assigning the stock over the next 12 months average price target of $3. Stock’s current price level is 143.9% above from estimated low price target while it is 143.9% below the estimated high; and even if the PFMT’s share succeeded to reach the median price of $3, then the outlook of +143.9% could come to the excitement of the investors.
In comparing Performant Financial Corporation (PFMT)’s stock with other industry players reveals that stock’s current price change of -2.38% and that of +11.82% over the past 12 months is in competing position with that of Sps Commerce Inc (SPSC) which saw its stock price fell by -0.76% in the last trading and went through an increase of 84.47% in past 12-month trading. Industry’s another major player Wns Ltd (WNS) has jumped 0.4% up in previous session, but over the past year has faced a fall of -2.02%, while Api Group Corp (APG) was also down -2.38% however its price remained floating in the green at 11.82% over the same period. Performant Financial Corporation has a P/E ratio of 0 against that of Sps Commerce Inc’s 94.97 while Wns Ltd is showing 35.36 for the same. On the other hand, the S&P 500 Index was down -0.3% in the last trading session while the Dow Jones Industrial closed the session lower at -0.57%.
Having a second look at Performant Financial Corporation (NASDAQ:PFMT) provides that stock’s average daily trading volume for 3 months was 737.19 Million, while it dropped to 1.33 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 54.76 Million.
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Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 31.28% while it is 60.18% for the institutional holders. The figures also indicate that as of December 30, 2020, number of stock’s short shares was 31480000 which implies a short ratio of 0.11. This shows up a 0.06% of Short Interest in company’s outstanding shares on the day. In December the standing of shares short declined as it was 60.31 Million in the previous month. Addition of +39.61% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
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