The stock price of Patria Investments Ltd (NASDAQ: PAX) has surged by 2.31 when compared to previous closing price of 11.25, but the company has seen a 5.69% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-04 that A sector of the market has pulled back meaningfully over the past three months. However, it offers very attractive dividends and has a very bullish long-term outlook, backed by numerous macro trends. I share some of my top picks in the sector right now.
Is It Worth Investing in Patria Investments Ltd (NASDAQ: PAX) Right Now?
The price-to-earnings ratio for Patria Investments Ltd (NASDAQ: PAX) is above average at 14.73x. The 36-month beta value for PAX is also noteworthy at 0.60. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PAX is 58.94M, and at present, short sellers hold a 3.50% of that float. The average trading volume of PAX on September 20, 2024 was 582.92K shares.
PAX’s Market Performance
PAX stock saw a decrease of 5.69% in the past week, with a monthly decline of -1.62% and a quarterly a decrease of -5.58%. The volatility ratio for the week is 1.78%, and the volatility levels for the last 30 days are 2.10% for Patria Investments Ltd (PAX). The simple moving average for the last 20 days is 1.71% for PAX stock, with a simple moving average of -14.51% for the last 200 days.
Analysts’ Opinion of PAX
Many brokerage firms have already submitted their reports for PAX stocks, with BofA Securities repeating the rating for PAX by listing it as a “Neutral.” The predicted price for PAX in the upcoming period, according to BofA Securities is $17 based on the research report published on September 07, 2022 of the previous year 2022.
Credit Suisse, on the other hand, stated in their research note that they expect to see PAX reach a price target of $32. The rating they have provided for PAX stocks is “Outperform” according to the report published on July 20th, 2021.
Itau BBA gave a rating of “Outperform” to PAX, setting the target price at $21 in the report published on May 21st of the previous year.
PAX Trading at -3.14% from the 50-Day Moving Average
After a stumble in the market that brought PAX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.77% of loss for the given period.
Volatility was left at 2.10%, however, over the last 30 days, the volatility rate increased by 1.78%, as shares sank -2.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.30% lower at present.
During the last 5 trading sessions, PAX rose by +5.69%, which changed the moving average for the period of 200-days by -20.35% in comparison to the 20-day moving average, which settled at $11.30. In addition, Patria Investments Ltd saw -25.79% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PAX
Current profitability levels for the company are sitting at:
- 0.35 for the present operating margin
- 0.68 for the gross margin
The net margin for Patria Investments Ltd stands at 0.26. The total capital return value is set at 0.14. Equity return is now at value 15.36, with 7.69 for asset returns.
Based on Patria Investments Ltd (PAX), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.72. The debt to equity ratio resting at 0.35. The interest coverage ratio of the stock is 121.79.
Currently, EBITDA for the company is 151.43 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 6.06. The receivables turnover for the company is 2.56for trailing twelve months and the total asset turnover is 0.27.
Conclusion
In summary, Patria Investments Ltd (PAX) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
