P3 Health Partners Inc (PIII) plunged -3.64 in the last month: It’s impossible to believe the numbers

On Monday, P3 Health Partners Inc (NASDAQ: PIII) opened lower -3.64% from the last session, before settling in for the closing price of $1.10. Price fluctuations for PIII have ranged from $0.70 to $5.56 over the past 52 weeks.

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A company in the Healthcare sector has jumped its sales by 47.23% annually for the last half of the decade. Company’s average yearly earnings per share was noted 90.67% at the time writing. With a float of $47.73 million, this company’s outstanding shares have now reached $115.24 million.

P3 Health Partners Inc (PIII) Insider Updates

A key investor’s attitude towards the stock of the Medical Care Facilities industry is another important factor to consider. The insider ownership of P3 Health Partners Inc is 58.59%, while institutional ownership is 19.66%. The most recent insider transaction that took place on Sep 13, was worth 238,221. In this transaction 10% Owner of this company bought 90,000 shares at a rate of $2.65, taking the stock ownership to the 50,025,442 shares. Before that another transaction happened on Sep 12, when Company’s 10% Owner bought 90,000 for $2.63, making the entire transaction worth $236,520. This insider now owns 49,935,442 shares in total.

P3 Health Partners Inc (PIII) Performance Highlights and Predictions

If we go through the results of last quarter, which was made public on 9/29/2023, the company posted -$0.12 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.22) by $0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 90.67% per share during the next fiscal year.

P3 Health Partners Inc (NASDAQ: PIII) Trading Performance Indicators

Check out the current performance indicators for P3 Health Partners Inc (PIII). In the past quarter, the stock posted a quick ratio of 0.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.10.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.69, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach -0.26 in one year’s time.

Technical Analysis of P3 Health Partners Inc (PIII)

Let’s dig in a bit further. During the last 5-days, its volume was 0.32 million. That was inferior than the volume of 0.35 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 6.69%. Additionally, its Average True Range was 0.10.

During the past 100 days, P3 Health Partners Inc’s (PIII) raw stochastic average was set at 6.45%, which indicates a significant increase from 3.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.03% in the past 14 days, which was lower than the 91.01% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.2085, while its 200-day Moving Average is $2.0249. However, in the short run, P3 Health Partners Inc’s stock first resistance to watch stands at $1.1433. Second resistance stands at $1.2267. The third major resistance level sits at $1.2733. If the price goes on to break the first support level at $1.0133, it is likely to go to the next support level at $0.9667. Assuming the price breaks the second support level, the third support level stands at $0.8833.

P3 Health Partners Inc (NASDAQ: PIII) Key Stats

There are currently 313,089K shares outstanding in the company with a market cap of 122.15 million. Presently, the company’s annual sales total 1,049 M according to its annual income of -270,130 K. Last quarter, the company’s sales amounted to 288,350 K and its income totaled -13,300 K.