Performant Financial Corp (NASDAQ: PFMT) on Tuesday, plunged -0.37% from the previous trading day ,before settling in for the closing price of $2.69. Within the past 52 weeks, PFMT’s price has moved between $2.00 and $3.61.
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A company in the Industrials sector has dropped its sales by -5.60% annually for the last half of the decade. The company achieved an average annual earnings per share of 0.00%. With a float of $65.92 million, this company’s outstanding shares have now reached $76.92 million.
In an organization with 958 employees, it is important to assess its efficiency.
Performant Financial Corp (PFMT) Insider Updates
Observing investor behavior towards Specialty Business Services industry stocks is more important than anything else. The insider ownership of Performant Financial Corp is 14.30%, while institutional ownership is 70.22%. The most recent insider transaction that took place on May 10 ’23, was worth 78,300. In this transaction 10% Owner of this company bought 30,000 shares at a rate of $2.61, taking the stock ownership to the 15,793,291 shares.
Performant Financial Corp (PFMT) Performance Highlights and Predictions
As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $0.02 earnings per share (EPS) for the period topping the consensus outlook (set at $0) by $0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 0.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% during the next five years compared to 8.49% growth over the previous five years of trading.
Performant Financial Corp (NASDAQ: PFMT) Trading Performance Indicators
Performant Financial Corp (PFMT) is currently performing well based on its current performance indicators. A quick ratio of 3.21 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.81.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.10, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach 0.11 in one year’s time.
Technical Analysis of Performant Financial Corp (PFMT)
Let’s dig in a bit further. During the last 5-days, its volume was 0.58 million. That was better than the volume of 0.23 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 27.78%. Additionally, its Average True Range was 0.11.
During the past 100 days, Performant Financial Corp’s (PFMT) raw stochastic average was set at 14.93%, which indicates a significant decrease from 23.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.61% in the past 14 days, which was higher than the 42.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.85, while its 200-day Moving Average is $2.67. However, in the short run, Performant Financial Corp’s stock first resistance to watch stands at $2.73. Second resistance stands at $2.79. The third major resistance level sits at $2.81. If the price goes on to break the first support level at $2.65, it is likely to go to the next support level at $2.63. Assuming the price breaks the second support level, the third support level stands at $2.57.
Performant Financial Corp (NASDAQ: PFMT) Key Stats
Market capitalization of the company is 206.15 million based on 76,920K outstanding shares. Right now, sales total 113,740 K and income totals -7,520 K. The company made 32,570 K in profit during its latest quarter, and 1,260 K in sales during its previous quarter.
