P3 Health Partners Inc (NASDAQ:PIII) price closed higher on Tuesday, January 14, and jumping 5.63% above its previous close.
A look at the daily price movement shows that the last close reads $0.21, with intraday deals fluctuated between $0.2225 and $0.2875. The company’s 5Y monthly beta was ticking 1.14. Taking into account the 52-week price action we note that the stock hit a 52-week high of $1.35 and 52-week low of $0.18. The stock added 2.25% on its value in the past month.
P3 Health Partners Inc, which has a market valuation of $81.45 million, is expected to release its quarterly earnings report in February.
On average, analysts have forecast the company’s revenue for the quarter will hit 378.88M, with the likely lows of 365.4M and highs of 389.54M. The average estimate suggests sales growth for the quarter will likely rise by 9.23% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 1.51B for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 19.13% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give PIII a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 2 analysts have assigned PIII a recommendation rating as follows: 1 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the P3 Health Partners Inc (PIII) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that PIII’s price is at present 6.58% off the SMA20 and -7.80% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 49.70, with weekly volatility standing at 15.88%. The indicator jumps to 14.39% when calculated based on the past 30 days. P3 Health Partners Inc (NASDAQ:PIII)’s beta value is holding at 0.99, while the average true range (ATR) indicator is currently reading 0.03.
An analysis of the P3 Health Partners Inc (NASDAQ:PIII) stock in terms of its daily trading volume indicates that the 3-month average is 817.86K. However, this figure increases on the past 10-day timeline to an average of 1.62 million.
Current records show that the company has 161.97M in outstanding shares. The insiders’ percentage holdings are 43.87% of outstanding shares while the percentage share held by institutions stands at 21.22%. The stats also highlight that short interest as of 2024-10-31, stood at 0.96 million shares, which puts the short ratio at the time at 1.21. From this we can glean that short interest is 70.00 of company’s current outstanding shares. Notably, we see that shares short in October fall slightly given the previous month’s figure stood at 1.08 million. But the 0.93% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
