Petros Pharmaceuticals Inc (NASDAQ:PTPI) price on Thursday, March 20, rose 5.85% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.08.
A look at the stock’s price movement, the close in the last trading session was $0.07, moving within a range at $0.071 and $0.0798. The beta value (5-Year monthly) was 2.026. Turning to its 52-week performance, $1.59 and $0.06 were the 52-week high and 52-week low respectively. Overall, PTPI moved -51.81% over the past month.
Petros Pharmaceuticals Inc’s market cap currently stands at around $2.27 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-12.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PTPI is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
PTPI’s current price about -19.58% and -63.45% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 30.98, while 7-day volatility ratio is 12.63% and 16.76% in the 30-day chart. Further, Petros Pharmaceuticals Inc (PTPI) has a beta value of 2.08, and an average true range (ATR) of 0.03.
If we refocus on Petros Pharmaceuticals Inc (NASDAQ:PTPI), historical trading data shows that trading volumes averaged 12.93 over the past 10 days and 7.01 million over the past 3 months. The company’s latest data on shares outstanding shows there are 29.93 million shares.
The 18.16% of Petros Pharmaceuticals Inc’s shares are in the hands of company insiders while institutional holders own 3.25% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.35 million on 2025-02-28, giving us a short ratio of 0.03. The data shows that as of 2025-02-28 short interest in Petros Pharmaceuticals Inc (PTPI) stood at 144.00001 of shares outstanding, with shares short falling to 0.73 million registered in 2025-01-31. Current price change has pushed the stock -80.71% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PTPI stock continues to rise going into the next quarter.
