PainReform Ltd. (NASDAQ: PRFX): Should Value Hunters Buy It? – Stocks Register
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PainReform Ltd. (NASDAQ: PRFX): Should Value Hunters Buy It?

The trading price of PainReform Ltd. (NASDAQ:PRFX) floating higher at last check on Wednesday, July 21, closing at $3.28, 4.13% higher than its previous close.

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Traders who pay close attention to intraday price movement should know that it has been fluctuating between $2.69 and $3.7855. In examining the 52-week price action we see that the stock hit a 52-week high of $7.85 and a 52-week low of $2.18. Over the past month, the stock has gained 6.06% in value.


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PainReform Ltd., whose market valuation is $31.70 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.51 per share this quarter, however they have predicted annual earnings per share of -$2.04 for 2021 and -$1.5 for 2022. It means analysts are expecting annual earnings per share growth of 26.50% next year.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of PainReform Ltd. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest PRFX has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

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 PRFX a recommendation rating is 1. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged PainReform Ltd. (PRFX) as Underweight, while 0 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.

A quick review shows that PRFX’s price is currently 13.07% off the SMA20 and 16.17% off the SMA50. The RSI metric on the 14-day chart is currently showing 60.60, and weekly volatility stands at 20.92%. When measured over the past 30 days, the indicator reaches 10.74%. PainReform Ltd. (NASDAQ:PRFX)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.35. With analysts defining $10.00-$10.00 as the low and high price targets, we arrive at a consensus price target of $10.00 for the trailing 12-month period. The current price is about -204.88% off the estimated low and -204.88% off the forecast high, based on this estimate. Investors will be thrilled if PRFX’s share price rises to $10.00, which is the median consensus price. At that level, PRFX’s share price would be -204.88% below current price.

To see how PainReform Ltd. stock has been performing today in comparison to its peers in the industry, here are the numbers: PRFX stock’s performance was 4.13% in the latest trading. PainReform Ltd. has a P/E ratio of 0. Also during today’s trading, the S&P 500 Index has surged 0.60%, while the Dow Jones Industrial also saw a positive session, up 0.66% today.

An evaluation of the daily trading volume of PainReform Ltd. (NASDAQ:PRFX) indicates that the 3-month average is 264.06K. However, this figure has increased over the past 10 days to an average of 0.51 million.

Currently, records show that 10.06 million of the company’s shares remain outstanding. The insiders hold 23.10% of outstanding shares, whereas institutions hold 45.57%. The stats also highlight that short interest as of May 27, 2021, stood at 68920.0 shares, resulting in a short ratio of 0.18 at that time. From this, we can conclude that short interest is 0.68% of the company’s total outstanding shares. It is noteworthy that short shares in May were down slightly from the previous month’s figure, which was 99480.0. However, since the stock’s price has seen -29.53% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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