Phathom Pharmaceuticals Inc (NASDAQ: PHAT)’s stock price has increased by 3.85 compared to its previous closing price of 17.00. However, the company has seen a 8.91% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-08-29 that FLORHAM PARK, N.J., Aug. 29, 2024 (GLOBE NEWSWIRE) — Phathom Pharmaceuticals, Inc. (Nasdaq: PHAT), a biopharmaceutical company focused on developing and commercializing novel treatments for gastrointestinal (GI) diseases, announced today that members of its management team are scheduled to participate in the following investor conferences in September:
Is It Worth Investing in Phathom Pharmaceuticals Inc (NASDAQ: PHAT) Right Now?
PHAT has 36-month beta value of 0.70. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for PHAT is 32.38M, and currently, short sellers hold a 44.00% ratio of that float. The average trading volume of PHAT on September 05, 2024 was 747.97K shares.
PHAT’s Market Performance
PHAT stock saw an increase of 8.91% in the past week, with a monthly gain of 62.11% and a quarterly increase of 71.23%. The volatility ratio for the week is 7.45%, and the volatility levels for the last 30 days are 7.02% for Phathom Pharmaceuticals Inc (PHAT). The simple moving average for the last 20 days is 29.00% for PHAT stock, with a simple moving average of 78.51% for the last 200 days.
Analysts’ Opinion of PHAT
Many brokerage firms have already submitted their reports for PHAT stocks, with Stifel repeating the rating for PHAT by listing it as a “Buy.” The predicted price for PHAT in the upcoming period, according to Stifel is $24 based on the research report published on May 03, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see PHAT reach a price target of $26, previously predicting the price at $23. The rating they have provided for PHAT stocks is “Buy” according to the report published on January 05th, 2024.
H.C. Wainwright gave a rating of “Buy” to PHAT, setting the target price at $28 in the report published on August 09th of the previous year.
PHAT Trading at 45.12% from the 50-Day Moving Average
After a stumble in the market that brought PHAT to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 3.24% of gains for the given period.
Volatility was left at 7.02%, however, over the last 30 days, the volatility rate increased by 7.45%, as shares surge +63.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +70.66% upper at present.
During the last 5 trading sessions, PHAT rose by +8.75%, which changed the moving average for the period of 200-days by +140.51% in comparison to the 20-day moving average, which settled at $14.03. In addition, Phathom Pharmaceuticals Inc saw 93.36% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PHAT starting from Nabulsi Azmi, who sale 10,901 shares at the price of $11.72 back on Jul 15 ’24. After this action, Nabulsi Azmi now owns 240,421 shares of Phathom Pharmaceuticals Inc, valued at $127,760 using the latest closing price.
Henderson Molly, the CFO and CBO of Phathom Pharmaceuticals Inc, sale 4,325 shares at $11.72 during a trade that took place back on Jul 15 ’24, which means that Henderson Molly is holding 99,447 shares at $50,689 based on the most recent closing price.
Stock Fundamentals for PHAT
Current profitability levels for the company are sitting at:
- -25.49 for the present operating margin
- 0.83 for the gross margin
The net margin for Phathom Pharmaceuticals Inc stands at -29.96. The total capital return value is set at -0.93. Equity return is now at value -3489.00, with -101.68 for asset returns.
Based on Phathom Pharmaceuticals Inc (PHAT), the company’s capital structure generated 1.86 points at debt to capital in total, while cash flow to debt ratio is standing at -0.43. The debt to equity ratio resting at -2.17. The interest coverage ratio of the stock is -6.68.
Currently, EBITDA for the company is -159.05 million with net debt to EBITDA at -0.92. When we switch over and look at the enterprise to sales, we see a ratio of 145.87. The receivables turnover for the company is 0.91for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.48.
Conclusion
To put it simply, Phathom Pharmaceuticals Inc (PHAT) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
