Purple Biotech Ltd. (NASDAQ:PPBT) price on Friday, August 06, fall -0.69% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.05.
A look at the stock’s price movement, the close in the last trading session was $5.09, moving within a range at $4.975 and $5.17. The beta value (5-Year monthly) was 1.95. Turning to its 52-week performance, $9.67 and $3.60 were the 52-week high and 52-week low respectively. Overall, PPBT moved 11.23% over the past month.
Purple Biotech Ltd.’s market cap currently stands at around $88.96 million.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that PPBT is a 50% Buy. On the other hand, the stock is on average a 75% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend PPBT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PPBT’s current price about 1.91% and 0.05% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.15, while 7-day volatility ratio is 5.43% and 6.25% in the 30-day chart. Further, Purple Biotech Ltd. (PPBT) has a beta value of 0, and an average true range (ATR) of 0.30. Analysts have given the company’s stock an average 52-week price target of $25.00, forecast between a low of $25.00 and high of $25.00. Looking at the price targets, the low is -395.05% off current price level while to achieve the yearly target high, price needs to move -395.05%. Nonetheless, investors will most likely welcome a -395.05% jump to $25.00 which is the analysts’ median price.
In the market, a comparison of Purple Biotech Ltd. (PPBT) and its peers suggest the former has performed considerably weaker. Data shows PPBT’s intraday price has changed -0.69% in last session and -43.75% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.17% and 0.41% respectively in the last trading.
If we refocus on Purple Biotech Ltd. (NASDAQ:PPBT), historical trading data shows that trading volumes averaged 0.34 million over the past 10 days and 455.88K over the past 3 months. The company’s latest data on shares outstanding shows there are 17.62 million shares.
The 1.87% of Purple Biotech Ltd.’s shares are in the hands of company insiders while institutional holders own 17.48% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.54 million on May 27, 2021, giving us a short ratio of 1.94. The data shows that as of May 27, 2021 short interest in Purple Biotech Ltd. (PPBT) stood at 3.11% of shares outstanding, with shares short rising to 0.31 million registered in Apr 29, 2021. Current price change has pushed the stock 32.55% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PPBT stock continues to rise going into the next quarter.