Pineapple Financial Inc (AMEX: PAPL)’s stock price has soared by 13.89 in relation to previous closing price of 1.44. Nevertheless, the company has seen a gain of 2.50% in its stock price over the last five trading days. PRNewsWire reported 2024-04-02 that TORONTO, April 2, 2024 /PRNewswire/ – Pineapple Financial Inc. (NYSE American: PAPL), a tech-focused mortgage brokerage with an integrated network of partner brokerages and agents across Canada, today announced that the company and CEO Shubha Dasgupta will attend and present at the following financial conferences: LD Micro New York Invitational XIV A platform presenting the emerging stars in the small- and microcap worlds to a global audience of highly engaged investors. Conference Dates: April 8-9, 2024 Conference Location: Sofitel New York, 45 West 44th Street, New York, NY Company Presentation: April 9, 5:30-5:55 PM in Track 2—St. Germain I To register to watch the presentation virtually, please contact Dean Summers ( dean@ldmicro.com ) to register for the event and schedule a meeting with our company.
Is It Worth Investing in Pineapple Financial Inc (AMEX: PAPL) Right Now?
The public float for PAPL is 3.67M, and currently, short sellers hold a 2.06% ratio of that float. The average trading volume of PAPL on April 19, 2024 was 60.23K shares.
PAPL’s Market Performance
PAPL stock saw an increase of 2.50% in the past week, with a monthly gain of 23.31% and a quarterly increase of -2.96%. The volatility ratio for the week is 14.84%, and the volatility levels for the last 30 days are 11.84% for Pineapple Financial Inc (PAPL). The simple moving average for the past 20 days is 13.46% for PAPL’s stock, with a -4.24% simple moving average for the past 200 days.
PAPL Trading at 15.27% from the 50-Day Moving Average
After a stumble in the market that brought PAPL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -61.41% of loss for the given period.
Volatility was left at 11.84%, however, over the last 30 days, the volatility rate increased by 14.84%, as shares sank -2.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.10% upper at present.
During the last 5 trading sessions, PAPL rose by +2.50%, in comparison to the 20-day moving average, which settled at $1.4435. In addition, Pineapple Financial Inc saw -8.38% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PAPL
Equity return is now at value -98.07, with -57.67 for asset returns.
Conclusion
To put it simply, Pineapple Financial Inc (PAPL) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
