The trading price of Professional Diversity Network, Inc. (NASDAQ:IPDN) closed lower on Monday, Feb 22, closing at $4.3, -15.12% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $3.5600 and $4.6000. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 2.83. In examining the 52-week price action we see that the stock hit a 52-week high of $5.56 and a 52-week low of $0.76. Over the past month, the stock has gained 48.37% in value.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned IPDN a recommendation rating is 1. Out of them, no one rate it a Hold, while 1 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged Professional Diversity Network, Inc. (IPDN) as Underperform, while not any of them advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that IPDN’s price is currently 26.56% off the SMA20 and 59.78% off the SMA50. The RSI metric on the 14-day chart is currently showing 61.13, and weekly volatility stands at 23.77%. When measured over the past 30 days, the indicator reaches 16.16%. Professional Diversity Network, Inc. (NASDAQ:IPDN)’s beta value is currently sitting at 2.83, while the Average True Range indicator is currently displaying 0.49. With analysts defining $36-$36 as the low and high price targets, we arrive at a consensus price target of $36 for the trailing 12-month period. The current price is about 886.3% off the estimated low and 886.3% off the forecast high, based on this estimate. Investors will be thrilled if IPDN’s share price rises to $36, which is the median consensus price. At that level, IPDN’s share price would be +886.3% above current price.
To see how Professional Diversity Network, Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: IPDN stock’s performance was -15.12% in the latest trading, and +65.16% in the past year, while Automatic Data Procs (ADP) has traded +0.9% on the day and positioned -4.35% lower than it was a year ago. Another comparable company Paychex Inc (PAYX) saw its stock close 0.16% higher in the most recent trading session but was up +1.5% in a year. Furthermore, Broadridge Financial Solutions Llc (BR) showed a decline of -15.12% on the day while its price kept rising at 65.16% over the past year. Professional Diversity Network, Inc. has a P/E ratio of 0, compared to Automatic Data Procs 29.69 and Paychex Inc’s 30.83. Also in last trading session, the S&P 500 Index has soared -0.77%, while the Dow Jones Industrial also saw a positive session, up +0.09% on the day.
An evaluation of the daily trading volume of Professional Diversity Network, Inc. (NASDAQ:IPDN) indicates that the 3-month average is 3.29 Million. However, this figure has declined over the past 10 days to an average of 1.67 Million.
Currently, records show that 12.82 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 55.23% of outstanding shares, whereas institutions hold 0.55%. The stats also highlight that short interest as of January 28, 2021, stood at 322.3 Million shares, resulting in a short ratio of 0.04 at that time. From this, we can conclude that short interest is 2.51% of the company’s total outstanding shares. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 234.47 Million. However, since the stock’s price has seen +40.93% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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