Analyst Updating Price Targets And Ratings For P3 Health Partners Inc (PIII)

P3 Health Partners Inc (NASDAQ:PIII) at last check was buoying at $0.42 on current market day with a rise of 14.54% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $0.37 and 5Y monthly beta was reading 1.135 with its price kept floating in the range of $0.3843 and $0.4553 on the day. Considering stock’s 52-week price range provides that PIII hit a high price of $1.78 and saw its price falling to a low level of $0.30 during that period. Over a period of past 1-month, stock came subtracting -7.89% in its value.

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With its current market valuation of $68.54 million, P3 Health Partners Inc is set to declare its quarterly results on 2024-Nov-06. Analysts are in estimates of -0.04 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -0.29 for current year with estimates of that growing to -0.21 in next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of 364.45M. They suggested that in the process company could generate revenue of as low as 343.8M which could climb up to 382.61M to hit a high. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of 1.52B in current fiscal year, which will be 20.40% more from revenue generated by the company last year.

In contrast, when we review PIII stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.

According to ratings assigned by 2 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 1 of them are recommending P3 Health Partners Inc (PIII) as a Hold, while 1 are in view that stock is a Buy. Recommendation by 0 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 0, whereas 0 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.

Digging deeper we become aware of the PEG ratio of the PIII stock which is currently positioned at 0. It further provides that stock’s current price level is 14.10% away from its 20-day simple moving average and is -7.71% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 55.75 while volatility remained at 11.36% over the past week which changes to 10.79% when measuring it over the past month. Beta is valued at 1.13, while measure of average true range or ATR is currently at 0.04.

Having a second look at P3 Health Partners Inc (NASDAQ:PIII) provides that stock’s average daily trading volume for 3 months was 467.11K, while it jumped to 595070 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 116.59 million.

The percentage of outstanding shares held by the insiders is 56.73% while it is 23.62% for the institutional holders. The figures also indicate that as of 2024-09-30, number of stock’s short shares was 1.08 million which implies a short ratio of 1.59. This shows down a 80.00 of Short Interest in company’s outstanding shares on the day. In September the standing of shares short improved as it was 1.25 million in the previous month. Subtraction of -69.95% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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