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The Precipio Inc. (NASDAQ: PRPO) Stock Price: Is It Overvalued?

Precipio Inc. (NASDAQ:PRPO) shares, rose in value on Friday, 05/13/22, with the stock price down by 0.00% to the previous day’s close as strong demand from buyers drove the stock to $1.02.

Actively observing the price movement in the last trading, the stock closed the session at $1.02, falling within a range of $0.95 and $1.03. The value of beta (5-year monthly) was 2.34. Referring to stock’s 52-week performance, its high was $5.30, and the low was $0.91. On the whole, PRPO has fluctuated by -15.70% over the past month.

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With the market capitalization of Precipio Inc. currently standing at about $22.95 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 29, 2022 – Apr 04, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to -$0.08 for fiscal year -$0.38 and then to about -$0.21 by fiscal year 2022.

Analysts have estimated the company’s revenue for the quarter at $3.52 million, with a low estimate of $3.52 million and a high estimate of $3.52 million. According to the average forecast, sales growth in current quarter could jump up 116.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $9.37 million, representing an increase of 53.80% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that PRPO’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PRPO currently trading nearly -5.29% and -18.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.57, while the 7-day volatility ratio is showing 18.00% which for the 30-day chart, stands at 9.97%. Furthermore, Precipio Inc. (PRPO)’s beta value is 2.27, and its average true range (ATR) is 0.11.

Data on historical trading for Precipio Inc. (NASDAQ:PRPO) indicates that the trading volumes over the past 3 months, they’ve averaged 274.98K. According to company’s latest data on outstanding shares, there are 22.73 million shares outstanding.

Nearly 0.20% of Precipio Inc.’s shares belong to company insiders and institutional investors own 11.50% of the company’s shares. The stock has fallen by -35.44% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PRPO stock heading into the next quarter.

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