Moreover, the 36-month beta value for PX is 0.86. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 5 as “overweight,” 7 as “hold,” and 1 as “sell.”
The public float for PX is 45.13M and currently, short sellers hold a 6.22% of that float. On April 19, 2024, PX’s average trading volume was 756.33K shares.
PX) stock’s latest price update
P10 Inc (NYSE: PX)’s stock price has dropped by -0.93 in relation to previous closing price of 7.49. Nevertheless, the company has seen a loss of -4.99% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-17 that DALLAS, April 17, 2024 (GLOBE NEWSWIRE) — P10, Inc. (NYSE: PX), a leading private markets solutions provider, today announced it will release its first quarter 2024 results on Wednesday, May 8, 2024, after U.S. markets close.
PX’s Market Performance
PX’s stock has fallen by -4.99% in the past week, with a monthly drop of -7.71% and a quarterly drop of -18.64%. The volatility ratio for the week is 3.13% while the volatility levels for the last 30 days are 2.92% for P10 Inc. The simple moving average for the past 20 days is -8.30% for PX’s stock, with a -25.72% simple moving average for the past 200 days.
Analysts’ Opinion of PX
Many brokerage firms have already submitted their reports for PX stocks, with Morgan Stanley repeating the rating for PX by listing it as a “Equal-Weight.” The predicted price for PX in the upcoming period, according to Morgan Stanley is $9 based on the research report published on March 04, 2024 of the current year 2024.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see PX reach a price target of $10, previously predicting the price at $12. The rating they have provided for PX stocks is “Mkt Perform” according to the report published on March 01st, 2024.
JP Morgan gave a rating of “Neutral” to PX, setting the target price at $9.50 in the report published on March 01st of the current year.
PX Trading at -11.99% from the 50-Day Moving Average
After a stumble in the market that brought PX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.67% of loss for the given period.
Volatility was left at 2.92%, however, over the last 30 days, the volatility rate increased by 3.13%, as shares sank -10.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.28% lower at present.
During the last 5 trading sessions, PX fell by -4.99%, which changed the moving average for the period of 200-days by -34.22% in comparison to the 20-day moving average, which settled at $8.05. In addition, P10 Inc saw -27.40% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PX starting from Jensen Richard J., who purchase 55,000 shares at the price of $8.35 back on Mar 27 ’24. After this action, Jensen Richard J. now owns 55,000 shares of P10 Inc, valued at $459,250 using the latest closing price.
Feinglass Michael, the of P10 Inc, sale 50,000 shares at $8.07 during a trade that took place back on Mar 25 ’24, which means that Feinglass Michael is holding 204,005 shares at $403,400 based on the most recent closing price.
Stock Fundamentals for PX
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.36 for the gross margin
The net margin for P10 Inc stands at -0.03. The total capital return value is set at 0.03. Equity return is now at value -1.83, with -0.86 for asset returns.
Based on P10 Inc (PX), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 0.76. The interest coverage ratio of the stock is 0.97.
Currently, EBITDA for the company is 52.93 million with net debt to EBITDA at 5.52. When we switch over and look at the enterprise to sales, we see a ratio of 4.71. The receivables turnover for the company is 2.88for trailing twelve months and the total asset turnover is 0.29.
Conclusion
To wrap up, the performance of P10 Inc (PX) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
