The price-to-earnings ratio for PTL Ltd (NASDAQ: PTLE) is 36.27x, which is above its average ratio.
PTLE currently public float of 1.25M.On November 08, 2024, PTLE’s average trading volume was 259.61K shares.
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PTLE) stock’s latest price update
The stock price of PTL Ltd (NASDAQ: PTLE) has plunged by -27.82 when compared to previous closing price of 4.17, but the company has seen a -27.64% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-06 that Hong Kong, Nov. 06, 2024 (GLOBE NEWSWIRE) — PTL Limited (Nasdaq: PTLE) (the “Company”), an established bunkering facilitator providing marine fuel logistics services for vessel refueling, serving the Asia Pacific market, today announced that the underwriters of its previously announced initial public offering (the “Offering”) have exercised their over-allotment option (the “Over-Allotment Option”) in full to purchase an additional 187,500 ordinary shares at the public offering price of $4.00 per share, resulting in additional gross proceeds of $0.75 million. After giving effect to the full exercise of the Over-Allotment Option, the total number of ordinary shares sold by the Company in the Offering increased to 1,437,500 ordinary shares and the gross proceeds increased to $5.75 million, before deducting underwriting discounts and other related expenses. The Over-Allotment Option closing date was November 6, 2024. The ordinary shares began trading on the Nasdaq Capital Market October 16, 2024 under the symbol “PTLE.”
PTLE’s Market Performance
The simple moving average for the last 20 days is -27.06% for PTLE stock, with a simple moving average of -27.06% for the last 200 days.
PTLE Trading at -27.06% from the 50-Day Moving Average
After a stumble in the market that brought PTLE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.29% of loss for the given period.
During the last 5 trading sessions, PTLE fell by -27.64%, in comparison to the 20-day moving average. In addition, PTL Ltd saw -26.04% in overturn over a single year, with a tendency to cut further losses.
Conclusion
To wrap up, the performance of PTL Ltd (PTLE) has been bad in recent times. The stock has received a mixed of “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.
