The stock of Performant Financial Corp (PFMT) has gone down by -6.43% for the week, with a 1.96% rise in the past month and a -0.55% drop in the past quarter. The volatility ratio for the week is 6.09%, and the volatility levels for the past 30 days are 4.30% for PFMT. The simple moving average for the past 20 days is -5.77% for PFMT’s stock, with a 14.77% simple moving average for the past 200 days.
Is It Worth Investing in Performant Financial Corp (NASDAQ: PFMT) Right Now?
Moreover, the 36-month beta value for PFMT is 0.16. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for PFMT is 68.27M and currently, short sellers hold a 1.52% of that float. On November 08, 2024, PFMT’s average trading volume was 134.48K shares.
PFMT) stock’s latest price update
The stock of Performant Financial Corp (NASDAQ: PFMT) has decreased by -14.95 when compared to last closing price of 4.28. Despite this, the company has experienced a -6.43% fall in its stock price over the last five trading sessions. zacks.com reported 2024-11-06 that Performant Financial (PFMT) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.01 per share a year ago.
Analysts’ Opinion of PFMT
Many brokerage firms have already submitted their reports for PFMT stocks, with B. Riley Securities repeating the rating for PFMT by listing it as a “Buy.” The predicted price for PFMT in the upcoming period, according to B. Riley Securities is $8 based on the research report published on July 25, 2024 of the current year 2024.
Lake Street, on the other hand, stated in their research note that they expect to see PFMT reach a price target of $8. The rating they have provided for PFMT stocks is “Buy” according to the report published on December 20th, 2022.
Lake Street gave a rating of “Buy” to PFMT, setting the target price at $8 in the report published on April 11th of the previous year.
PFMT Trading at -3.01% from the 50-Day Moving Average
After a stumble in the market that brought PFMT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.32% of loss for the given period.
Volatility was left at 4.30%, however, over the last 30 days, the volatility rate increased by 6.09%, as shares surge +1.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.51% upper at present.
During the last 5 trading sessions, PFMT fell by -6.43%, which changed the moving average for the period of 200-days by +30.47% in comparison to the 20-day moving average, which settled at $3.86. In addition, Performant Financial Corp saw 16.48% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for PFMT
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- -0.06 for the gross margin
The net margin for Performant Financial Corp stands at -0.07. The total capital return value is set at -0.08. Equity return is now at value -10.60, with -8.04 for asset returns.
Based on Performant Financial Corp (PFMT), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is -7.2.
Currently, EBITDA for the company is 0.58 million with net debt to EBITDA at -0.35. When we switch over and look at the enterprise to sales, we see a ratio of 2.33. The receivables turnover for the company is 6.73for trailing twelve months and the total asset turnover is 1.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.67.
Conclusion
To wrap up, the performance of Performant Financial Corp (PFMT) has been mixed 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.
