The stock of Prairie Operating Co (NASDAQ: PROP) has decreased by -10.17 when compared to last closing price of 11.01.Despite this, the company has seen a gain of 7.97% in its stock price over the last five trading days. globenewswire.com reported 2024-09-05 that HOUSTON, TX, Sept. 05, 2024 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced the spud of Shelduck South 8E5NCM with Precision E-Drilling Rig (“E-rig”) 461 in Weld County, Colorado.
Is It Worth Investing in Prairie Operating Co (NASDAQ: PROP) Right Now?
Company’s 36-month beta value is 1.87.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for PROP is 4.68M, and currently, short sellers hold a 4.35% ratio of that floaft. The average trading volume of PROP on September 20, 2024 was 78.92K shares.
PROP’s Market Performance
PROP stock saw an increase of 7.97% in the past week, with a monthly gain of 8.21% and a quarterly increase of -7.66%. The volatility ratio for the week is 13.86%, and the volatility levels for the last 30 days are 9.14% for Prairie Operating Co (PROP). The simple moving average for the past 20 days is 10.59% for PROP’s stock, with a -3.23% simple moving average for the past 200 days.
PROP Trading at 7.05% from the 50-Day Moving Average
After a stumble in the market that brought PROP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.54% of loss for the given period.
Volatility was left at 9.14%, however, over the last 30 days, the volatility rate increased by 13.86%, as shares surge +9.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.44% upper at present.
During the last 5 trading sessions, PROP rose by +7.97%, which changed the moving average for the period of 200-days by -38.57% in comparison to the 20-day moving average, which settled at $8.99. In addition, Prairie Operating Co saw 3.99% 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 PROP starting from Wallis James W., who sale 68,134 shares at the price of $3.05 back on Oct 10 ’23. After this action, Wallis James W. now owns 706,211 shares of Prairie Operating Co, valued at $207,809 using the latest closing price.
Thoresen Erik, the Director of Prairie Operating Co, sale 199 shares at $10.76 during a trade that took place back on Jun 21 ’24, which means that Thoresen Erik is holding 4,512 shares at $2,141 based on the most recent closing price.
Stock Fundamentals for PROP
Current profitability levels for the company are sitting at:
- -22.07 for the present operating margin
- -0.47 for the gross margin
The net margin for Prairie Operating Co stands at -55.19. The total capital return value is set at -0.84. Equity return is now at value -341.61, with -229.69 for asset returns.
Based on Prairie Operating Co (PROP), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -44.64. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -386.15.
Currently, EBITDA for the company is -15.54 million with net debt to EBITDA at 0.06. When we switch over and look at the enterprise to sales, we see a ratio of 89.56. The receivables turnover for the company is 2.71for 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 0.24.
Conclusion
In a nutshell, Prairie Operating Co (PROP) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
