Paragon 28 Inc (NYSE:FNA) price on Friday, December 27, fall -1.55% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $10.19.
A look at the stock’s price movement, the close in the last trading session was $10.35, moving within a range at $9.9473 and $10.43. The beta value (5-Year monthly) was 1.007. Turning to its 52-week performance, $14.79 and $4.65 were the 52-week high and 52-week low respectively. Overall, FNA moved 2.10% over the past month.
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Paragon 28 Inc’s market cap currently stands at around $853.11 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 69.62M for the company’s revenue for the quarter, with a low and high estimate of 68.7M and 70.87M respectively. The average forecast suggests up to a 14.96% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 254.05M, representing a 17.40% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FNA is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 4 recommend FNA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
FNA’s current price about -0.33% and 19.22% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.51, while 7-day volatility ratio is 4.15% and 5.28% in the 30-day chart. Further, Paragon 28 Inc (FNA) has a beta value of 1.52, and an average true range (ATR) of 0.55. Analysts have given the company’s stock an average 52-week price target of $11.5, forecast between a low of $11 and high of $12. Looking at the price targets, the low is -7.95% off current price level while to achieve the yearly target high, price needs to move -17.76%. Nonetheless, investors will most likely welcome a -12.86% jump to $11.5 which is the analysts’ median price.
If we refocus on Paragon 28 Inc (NYSE:FNA), historical trading data shows that trading volumes averaged 0.51 over the past 10 days and 599.90K over the past 3 months. The company’s latest data on shares outstanding shows there are 83.60 million shares.
The 52.99% of Paragon 28 Inc’s shares are in the hands of company insiders while institutional holders own 48.25% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.59 million on 2024-11-29, giving us a short ratio of 4.13. The data shows that as of 2024-11-29 short interest in Paragon 28 Inc (FNA) stood at 765.0 of shares outstanding, with shares short falling to 6.78 million registered in 2024-10-31. Current price change has pushed the stock -18.02% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FNA stock continues to rise going into the next quarter.
