The stock of Performant Healthcare Inc (NASDAQ: PHLT) has increased by 3.77 when compared to last closing price of 2.65.Despite this, the company has seen a loss of -8.94% in its stock price over the last five trading days.
Is It Worth Investing in Performant Healthcare Inc (NASDAQ: PHLT) Right Now?
The 36-month beta value for PHLT is also noteworthy at 0.10. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for PHLT is 69.38M, and at present, short sellers hold a 1.50% of that float. The average trading volume of PHLT on January 10, 2025 was 148.13K shares.
PHLT’s Market Performance
PHLT’s stock has seen a -8.94% decrease for the week, with a -9.24% drop in the past month and a -22.10% fall in the past quarter. The volatility ratio for the week is 5.62%, and the volatility levels for the past 30 days are at 6.55% for Performant Healthcare Inc The simple moving average for the past 20 days is -12.38% for PHLT’s stock, with a -14.75% simple moving average for the past 200 days.
Analysts’ Opinion of PHLT
Many brokerage firms have already submitted their reports for PHLT stocks, with B. Riley Securities repeating the rating for PHLT by listing it as a “Buy.” The predicted price for PHLT in the upcoming period, according to B. Riley Securities is $8 based on the research report published on July 25, 2024 of the previous year 2024.
Lake Street, on the other hand, stated in their research note that they expect to see PHLT reach a price target of $8. The rating they have provided for PHLT stocks is “Buy” according to the report published on December 20th, 2022.
Lake Street gave a rating of “Buy” to PHLT, setting the target price at $8 in the report published on April 11th of the previous year.
PHLT Trading at -16.12% from the 50-Day Moving Average
After a stumble in the market that brought PHLT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -36.78% of loss for the given period.
Volatility was left at 6.55%, however, over the last 30 days, the volatility rate increased by 5.62%, as shares sank -11.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.76% lower at present.
During the last 5 trading sessions, PHLT fell by -8.94%, which changed the moving average for the period of 200-days by -3.85% in comparison to the 20-day moving average, which settled at $3.14. In addition, Performant Healthcare Inc saw -8.94% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PHLT starting from Im Lisa, who sale 6,154 shares at the price of $3.26 back on Dec 10 ’24. After this action, Im Lisa now owns 1,410,280 shares of Performant Healthcare Inc, valued at $20,052 using the latest closing price.
Im Lisa, the Director of Performant Healthcare Inc, proposed sale 6,154 shares at $3.26 during a trade that took place back on Dec 10 ’24, which means that Im Lisa is holding shares at $20,051 based on the most recent closing price.
Stock Fundamentals for PHLT
Equity return is now at value -10.60, with -8.04 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.67.
Conclusion
In summary, Performant Healthcare Inc (PHLT) 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.
