Data-Based Analysis Of Performant Healthcare Inc (PHLT)

CTK Stock

Performant Healthcare Inc (NASDAQ:PHLT) concluded the trading at $3.06 on current market day with a fall of -2.24% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $3.13 and 5Y monthly beta was reading 0.138 with its price kept floating in the range of $2.99 and $3.13 on the day. Considering stock’s 52-week price range provides that PHLT hit a high price of $4.35 and saw its price falling to a low level of $2.37 during that period. Over a period of past 1-month, stock came adding 4.79% in its value.

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In contrast, when we review PHLT stock’s current outlook then short term indicators are assigning it an average of 75% Sell, while medium term indicators are categorizing the stock at an average of Hold. Long term indicators are suggesting an average of 50% Sell for it.

Digging deeper we become aware of the PEG ratio of the PHLT stock which is currently positioned at 0. It further provides that stock’s current price level is -5.20% away from its 20-day simple moving average and is -11.84% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 41.23 while volatility remained at 9.63% over the past week which changes to 5.96% when measuring it over the past month. Beta is valued at 0.09, while measure of average true range or ATR is currently at 0.22.

Having a second look at Performant Healthcare Inc (NASDAQ:PHLT) provides that stock’s average daily trading volume for 3 months was 139.55K, while it jumped to 178650 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 78.29 million.

The percentage of outstanding shares held by the insiders is 11.38% while it is 79.57% for the institutional holders. The figures also indicate that as of 2024-11-29, number of stock’s short shares was 0.96 million which implies a short ratio of 5.43. This shows down a 209.00 of Short Interest in company’s outstanding shares on the day. In November the standing of shares short improved as it was 1.09 million in the previous month. Subtraction of -2.08% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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