With 161.97M Outstanding Shares, Can P3 Health Partners Inc (NASDAQ: PIII) Deliver Big Short-Term Gains?

P3 Health Partners Inc (NASDAQ:PIII) currently has a daily average trading volume of 2.14M but it saw 716712 shares traded in last market. With a market cap of 69.72M USD, the company’s current market price of $0.19 came falling about -1.82 while comparing to the previous closing price of $0.20. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.35 and as low as $0.18. In the recent trading on the day, stock has struck highest price mark of $0.1941 while lowest mark touched by it was $0.2048.

Taking a look at 20-day trading activity of P3 Health Partners Inc (PIII) gives us an average price of $0.2151, while its current price level is -85.62% below from 52-week high level whereas it is 9.71% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.2307 while that of 200 days or SMA-200 reads an average of $0.4486. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.40% during that period while stretching the period over a month that increases to 14.96%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 39.69 which implies that the stock is in neutral territory.

Over the week, PIII’s stock price is moving -14.41% down while it is -1.87% when we observe its performance for the past one month. Year-to-date it is -13.61% down and over the past year, the stock is showing a downside performance of -83.94%.

The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0. In next quarter, company is expected to be making quarterly sales of $407.15M as analysts are expecting the sales for current fiscal year at $1.51B and seeing the company making $1.52B in sales next year. Moreover, analysts are in estimates of $378.88M for current-quarter revenue.

Currently, P3 Health Partners Inc’s total number of outstanding shares is 161.97M with 23.20% of that held by the insiders while 24.99% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -38.77% and return on equity (ROE) at -66.59%. Stock’s beta reads 0.97. Stock has a price to book (P/B) ratio of 0.26 while price to sale or P/S ratio amounts to 0.05. Its return on asset (ROA) is -11.87% on average.