P10 Inc (NYSE: PX) has seen a rise in its stock price by 7.11 in relation to its previous close of 7.59. However, the company has experienced a 10.46% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-08 that While the top- and bottom-line numbers for P10 (PX) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Is It Worth Investing in P10 Inc (NYSE: PX) Right Now?
Additionally, the 36-month beta value for PX is 0.92. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 5 rating it as “overweight,” 7 rating it as “hold,” and 1 rating it as “sell.”
The public float for PX is 42.88M and currently, short sellers hold a 7.00% ratio of that float. The average trading volume of PX on May 10, 2024 was 738.96K shares.
PX’s Market Performance
The stock of P10 Inc (PX) has seen a 10.46% increase in the past week, with a 5.04% rise in the past month, and a -11.82% fall in the past quarter. The volatility ratio for the week is 2.91%, and the volatility levels for the past 30 days are at 2.91% for PX. The simple moving average for the last 20 days is 8.18% for PX stock, with a simple moving average of -16.16% for the last 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 2.22% 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 -39.37% of loss for the given period.
Volatility was left at 2.91%, however, over the last 30 days, the volatility rate increased by 2.91%, as shares surge +4.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.66% lower at present.
During the last 5 trading sessions, PX rose by +10.46%, which changed the moving average for the period of 200-days by -29.00% in comparison to the 20-day moving average, which settled at $7.53. In addition, P10 Inc saw -20.45% 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:
- 0.12 for the present operating margin
- 0.38 for the gross margin
The net margin for P10 Inc stands at -0.01. The total capital return value is set at 0.04. 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 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 0.93. The interest coverage ratio of the stock is 1.75.
Currently, EBITDA for the company is 52.93 million with net debt to EBITDA at 5.44. When we switch over and look at the enterprise to sales, we see a ratio of 4.9. The receivables turnover for the company is 10.76for trailing twelve months and the total asset turnover is 0.3.
Conclusion
In conclusion, P10 Inc (PX) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
