A new trading day began on Friday, with Privia Health Group Inc (NASDAQ: PRVA) stock price down -3.31% from the previous day of trading, before settling in for the closing price of $18.44. PRVA’s price has ranged from $15.92 to $24.35 over the past 52 weeks.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 20.87%. Meanwhile, its annual earnings per share averaged -20.25%. With a float of $105.88 million, this company’s outstanding shares have now reached $118.22 million.
Let’s determine the extent of company efficiency that accounts for 1102 employees. In terms of profitability, gross margin is 9.37%, operating margin of 0.76%, and the pretax margin is 1.45%.
Privia Health Group Inc (PRVA) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Health Information Services Industry. The insider ownership of Privia Health Group Inc is 11.44%, while institutional ownership is 94.85%. The most recent insider transaction that took place on Sep 10 ’24, was worth 2,500,127. In this transaction Chief Executive Officer of this company sold 135,142 shares at a rate of $18.50, taking the stock ownership to the 247,771 shares. Before that another transaction happened on Sep 10 ’24, when Company’s Officer proposed sale 135,142 for $18.50, making the entire transaction worth $2,500,719.
Privia Health Group Inc (PRVA) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.05 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -20.25% per share during the next fiscal year.
Privia Health Group Inc (NASDAQ: PRVA) Trading Performance Indicators
Here are Privia Health Group Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.81. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.26. Likewise, its price to free cash flow for the trailing twelve months is 25.73.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.12, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 0.25 in one year’s time.
Technical Analysis of Privia Health Group Inc (PRVA)
Looking closely at Privia Health Group Inc (NASDAQ: PRVA), its last 5-days average volume was 0.66 million, which is a drop from its year-to-date volume of 0.86 million. As of the previous 9 days, the stock’s Stochastic %D was 85.59%. Additionally, its Average True Range was 0.66.
During the past 100 days, Privia Health Group Inc’s (PRVA) raw stochastic average was set at 26.24%, which indicates a significant decrease from 59.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.22% in the past 14 days, which was lower than the 36.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.76, while its 200-day Moving Average is $19.13. However, in the short run, Privia Health Group Inc’s stock first resistance to watch stands at $18.46. Second resistance stands at $19.09. The third major resistance level sits at $19.42. If the price goes on to break the first support level at $17.49, it is likely to go to the next support level at $17.16. Should the price break the second support level, the third support level stands at $16.53.
Privia Health Group Inc (NASDAQ: PRVA) Key Stats
With a market capitalization of 2.13 billion, the company has a total of 119,318K Shares Outstanding. Currently, annual sales are 1,658 M while annual income is 23,080 K. The company’s previous quarter sales were 422,330 K while its latest quarter income was 3,470 K.
