Priority Technology Holdings Inc. (NASDAQ:PRTH) does about 67.46K shares in volume on a normal day but saw 5337613 shares change hands in Tuesday trading. The company now has a market cap of 152.66M USD and an enterprise value of about $620.17M. Its current market price is $2.33, marking an increase of 19.23% compared to the previous close of $1.95. The 52 week high reached by this stock is $6.60 whilst the lowest price level in 52 weeks is $1.33. The script in recent trading has seen the stock touch a high of $2.48 and a low of $2.01.
Priority Technology Holdings Inc. (PRTH) has a 20-day trading average at $2.21 and the current price is -64.77% off the 52-week high compared with 75.14% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.30 and its 200-day simple moving average is $2.33. If we look at the stock’s price movements over the week, volatility stands at 8.99%, which increases to 9.82% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 53.12 to suggest the stock is neutral.
1 analysts observing the Priority Technology Holdings Inc. (PRTH) stock have set the 12-month price targets for the company’s shares at between $8.00 and $8.00. The median price target is 70.88% away from the current levels at $8.00.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 30, 2020 when ROTH Capital resumed the stock to “Buy” and issued a price target of $8.
The current price level is 5.49%, 1.16%, and -0.44% away from its SMA20, SMA50, and SMA200 respectively, with the PRTH price moving above the 50-day SMA on September 01. Priority Technology Holdings Inc. (PRTH) stock is up 10.19% over the week and 3.33% over the past month. Its price is -5.10% year-to-date and -56.70% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2019, with the company’s earnings per share (EPS) of -$0.09 above consensus estimates by $0.03. The company’s next earnings report is expected on 11/11/2020. Expected sales for next quarter are $96.93 million, which analysts say will come at $432.56 million for the current fiscal year and next year at $399.3 million. In addition, estimates put the company’s current quarterly revenue at an average of $115.2 million.
Its 12-month price target is $8.00. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $8.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $8.00.
Outstanding shares total 67.11M with insiders holding 84.77% of the shares and institutional holders owning 8.03% of the company’s common stock. The company has a return on investment of 1.70%. The beta has a value of 0.13. Price to sales ratio is 0.40.
According to a U.S. Securities and Exchange Commission filing, AMG TimesSquare Small Cap Growth has reduced its position in Priority Technology Holdings Inc. (PRTH) to 444,550 shares, mirroring a recent drop by 0.00%. AMG TimesSquare Small Cap Growth dumped 0.0 shares of Priority Technology Holdings Inc. common stock bringing its total worth to about $0.98 million at the end of recent close, SEC documents show. AMG TimesSquare Small Cap Growth isn’t the only investment manager who changed stakes and is followed by Putnam Multi Cap Core Fund, which sold off 0.0 shares to end up with 272,753 shares worth $0.6 million. Northern Lights Fund Trust II – B cut their holdings by -7.31% in the company over the course of the most recent quarter. It now holds a 0.19% position in Priority Technology Holdings Inc. thanks to 0.13 million shares amounting to $0.29 million.