P10 Inc’s (NYSE: PX) Future In 2024

P10 Inc (NYSE:PX) shares, rose in value on Friday, November 22, with the stock price up by 1.40% to the previous day’s close as strong demand from buyers drove the stock to $13.79.

Actively observing the price movement in the last trading, the stock closed the session at $13.60, falling within a range of $13.54 and $13.81. The value of beta (5-year monthly) was 0.67 whereas the PE ratio was 135.86 over 12-month period. Referring to stock’s 52-week performance, its high was $13.67, and the low was $7.08. On the whole, PX has fluctuated by 24.46% over the past month.

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With the market capitalization of P10 Inc currently standing at about $1.54 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.14, with its dividend yield at 0.98%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 283.25M, with a low estimate of 66.8M and a high estimate of 76.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 71.15M.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PX’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 11.23, with the price of PX currently trading nearly 16.30% and 21.78% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 81.66, while the 7-day volatility ratio is showing 4.16% which for the 30-day chart, stands at 3.33%. Furthermore, P10 Inc (PX)’s beta value is 1.00, and its average true range (ATR) is 0.39.

A comparison of P10 Inc (PX) with its peers suggests the former has fared considerably weaker in the market. PX showed an intraday change of 1.40% in last session, and over the past year, it grew by 42.31%%.

Data on historical trading for P10 Inc (NYSE:PX) indicates that the trading volumes over the past 10 days have averaged 1.18 and over the past 3 months, they’ve averaged 478.17K. According to company’s latest data on outstanding shares, there are 57.62 million shares outstanding.

Nearly 61.12% of P10 Inc’s shares belong to company insiders and institutional investors own 35.54% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.05 million shares as on 2024-10-31, resulting in a short ratio of 7.22. According to the data, the short interest in P10 Inc (PX) stood at 627.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 2.4 million. The stock has risen by 34.93% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PX stock heading into the next quarter.

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