What You Didn’t Know About PainReform Ltd (NASDAQ: PRFX) This Week

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PainReform Ltd (NASDAQ:PRFX) traded at $0.67 at last check on current trade day and made an upward move of 16.95% on its previous day’s price.

Looking at the stock we see that its previous close was $0.57 and the beta (5Y monthly) reads 0.538 with the day’s price range being $0.576 – $0.7013. In terms of its 52-week price range, PRFX has a high of $20.16 and a low of $0.53. The company’s stock has lost about -16.15% over that past 30 days.

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PainReform Ltd has a market cap of $0.78 million and is expected to release its quarterly earnings report on 2024-Nov-13. Estimates by analysts give the company expected earnings per share (EPS) of -4.74, with the EPS growth for the year raised at -19.74 for current year and -19.74 for next year.

On the other hand, looking at the outlook for the PRFX stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell.

Looking further, we note the current price level is 4.05% off its SMA20 and -41.23% from its 50-day simple moving average. The RSI (14) is pointing at 39.12 while the volatility over the past week is 9.63% and jumps to 9.45% over the past one month. The beta value is 0.54, while the average true range (ATR) is currently pointing at 0.11.

Coming back to PainReform Ltd (NASDAQ:PRFX), we note that the average 3-month trading volume was 392.94K, while that of the preceding 10-day period stands at 81320.0. Current shares outstanding are 1.73 million.

The insiders hold 11.35% of the company’s shares while institutions hold 4.29%. The data shows that short shares as of 2024-09-30, stood at 57559.0 at a short ratio of 0.07. This represents a 265.00 short interest in shares outstanding on 2024-09-30. Shares short rose in September from the previous month at 2836.0. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -95.96% down in year-to-date price movement.

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