PainReform Ltd (NASDAQ: PRFX) Recovers 15.48% From 52-Week Low, Is PRFX Still A High-Risk, High-Reward Play?

PainReform Ltd (NASDAQ:PRFX) currently has a daily average trading volume of 2.06M but it saw 2987454 shares traded in last market. With a market cap of 3.66M USD, the company’s current market price of $1.94 came falling about -8.49 while comparing to the previous closing price of $2.12. In past 52 weeks, the stock remained buoying in the range of price level as high as $20.88 and as low as $1.68.

Taking a look at 20-day trading activity of PainReform Ltd (PRFX) gives us an average price of $2.20, while its current price level is -90.71% below from 52-week high level whereas it is 15.48% 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 $2.45 while that of 200 days or SMA-200 reads an average of $3.65. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.41% during that period while stretching the period over a month that increases to 10.48%. 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 35.84 which implies that the stock is in neutral territory.

Over the week, PRFX’s stock price is moving -15.65% down while it is 10.96% when we observe its performance for the past one month. Year-to-date it is -42.18% down and over the past year, the stock is showing a downside performance of -90.38%.

Currently, PainReform Ltd’s total number of outstanding shares is 3.47M with 10.27% of that held by the insiders while 3.90% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at -716.67%. Stock’s beta reads 0.69. Its return on asset (ROA) is -309.43% on average.