Look Past The Setbacks And Give Petros Pharmaceuticals Inc (NASDAQ: PTPI) Another Chance

Petros Pharmaceuticals Inc (NASDAQ:PTPI) currently has a daily average trading volume of 3.28M but it saw 8385135 shares traded in last market. With a market cap of 0.32M USD, the company’s current market price of $0.15 came falling about -24.97 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 $18.00 and as low as $0.18.

Taking a look at 20-day trading activity of Petros Pharmaceuticals Inc (PTPI) gives us an average price of $0.8706, while its current price level is -99.18% below from 52-week high level whereas it is -19.67% 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 $1.6217 while that of 200 days or SMA-200 reads an average of $6.5333. A closer look into the stock’s movement over the week reveals that its volatility is standing at 30.08% during that period while stretching the period over a month that increases to 36.41%. 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 28.11 which implies that the stock is in oversold territory.

Over the week, PTPI’s stock price is moving -50.73% down while it is -90.60% when we observe its performance for the past one month. Year-to-date it is -98.50% down and over the past year, the stock is showing a downside performance of -99.17%.

Currently, Petros Pharmaceuticals Inc’s total number of outstanding shares is 2.14M with 7.39% of that held by the insiders while 4.86% of its common stock has been owned by the institutions. Stock’s beta reads 2.21. Stock has a price to sale or P/S ratio amounts to 0.06.