The stock of Paragon 28 Inc (FNA) has seen a -13.37% decrease in the past week, with a -23.90% drop in the past month, and a -41.96% decrease in the past quarter. The volatility ratio for the week is 6.37%, and the volatility levels for the past 30 days are at 6.27% for FNA. The simple moving average for the last 20 days is -19.90% for FNA stock, with a simple moving average of -46.97% for the last 200 days.
Is It Worth Investing in Paragon 28 Inc (NYSE: FNA) Right Now?
The 36-month beta value for FNA is at 0.92. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for FNA is 37.18M, and currently, shorts hold a 12.52% of that float. The average trading volume for FNA on June 20, 2024 was 672.06K shares.
FNA) stock’s latest price update
Paragon 28 Inc (NYSE: FNA)’s stock price has decreased by -0.18 compared to its previous closing price of 5.71. However, the company has seen a -13.37% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-05-11 that Paragon 28, Inc. (NYSE:FNA ) Q1 2024 Earnings Conference Call May 8, 2024 4:30 PM ET Company Participants Matthew Brinckman – Senior Vice President, Strategy and IR Albert DaCosta – Chairman, CEO, Co Founder Krissy Wright – Interim Chief Financial Officer Conference Call Participants Matthew O’Brien – Piper Sandler & Co. George Sellers – Stephens Inc. Craig Bijou – BofA Securities Mike Matson – Needham & Company, LLC Justin Lin – William Blair & Company LLC Dave Turkaly – Citizens Financial Group Caitlin Cronin – Canaccord Genuity Operator Good afternoon. And welcome to Paragon 28’s First Quarter 2024 Earnings Conference Call.
Analysts’ Opinion of FNA
Stephens, on the other hand, stated in their research note that they expect to see FNA reach a price target of $23. The rating they have provided for FNA stocks is “Overweight” according to the report published on April 11th, 2023.
B. Riley Securities gave a rating of “Buy” to FNA, setting the target price at $32 in the report published on December 14th of the previous year.
FNA Trading at -32.54% from the 50-Day Moving Average
After a stumble in the market that brought FNA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -69.34% of loss for the given period.
Volatility was left at 6.27%, however, over the last 30 days, the volatility rate increased by 6.37%, as shares sank -24.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -46.51% lower at present.
During the last 5 trading sessions, FNA fell by -13.83%, which changed the moving average for the period of 200-days by -61.72% in comparison to the 20-day moving average, which settled at $7.03. In addition, Paragon 28 Inc saw -54.14% 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 FNA starting from DaCosta Albert, who purchase 28,000 shares at the price of $9.12 back on Mar 15 ’24. After this action, DaCosta Albert now owns 5,339,110 shares of Paragon 28 Inc, valued at $255,226 using the latest closing price.
DaCosta Albert purchase 30,500 shares at $8.51 during a trade that took place back on Nov 10 ’23, which means that DaCosta Albert is holding 5,311,110 shares at $259,555 based on the most recent closing price.
Stock Fundamentals for FNA
Current profitability levels for the company are sitting at:
- -0.19 for the present operating margin
- 0.77 for the gross margin
The net margin for Paragon 28 Inc stands at -0.24. The total capital return value is set at -0.15. Equity return is now at value -29.23, with -16.67 for asset returns.
Based on Paragon 28 Inc (FNA), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at -0.55. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is -6.45.
Currently, EBITDA for the company is -21.77 million with net debt to EBITDA at -1.91. When we switch over and look at the enterprise to sales, we see a ratio of 2.34. The receivables turnover for the company is 5.52for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.57.
Conclusion
In conclusion, Paragon 28 Inc (FNA) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
