P3 Health Partners Inc (NASDAQ: PIII) Gains 2.55% And Its 10.99% Stock Volatility Is Bewildering

P3 Health Partners Inc (NASDAQ:PIII) does about 391.69K shares in volume on a normal day but saw 1052714 shares change hands in Friday’s trading. The company now has a market cap of 66.99M USD. Its current market price is $0.56, marking an increase of 2.55% compared to the previous close of $0.55. The 52 week high reached by this stock is $5.37 whilst the lowest price level in 52 weeks is $0.44.

P3 Health Partners Inc (PIII) has a 20-day trading average at $0.5671 and the current price is -89.57% off the 52-week high compared with 27.27% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.6088 and its 200-day simple moving average is $1.1651. If we look at the stock’s price movements over the week, volatility stands at 10.99%, which increases to 11.81% 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 47.89 to suggest the stock is neutral.

The consensus objective for the share price is $2.47, suggesting that the stock has a potential upside of 77.33% over the period.

P3 Health Partners Inc (PIII) stock is up 11.55% over the week and -24.94% over the past month. Its price is -60.28% year-to-date and -88.80% over the past year.

To reach the target analysts have set, the stock logically needs to grow 77.33 percent from here.

The company has a return on investment of -24.23% and return on equity of -93.49%. The beta has a value of 1.22. Price to book ratio is 0.46 and price to sales ratio is 0.05.