Paragon 28 Inc (NYSE: FNA) on Friday, soared 6.04% from the previous trading day, before settling in for the closing price of $5.30. Within the past 52 weeks, FNA’s price has moved between $4.65 and $14.79.
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A company in the Healthcare sector has jumped its sales by 19.90% annually for the last half of the decade. The company achieved an average annual earnings per share of -13.79%. With a float of $38.75 million, this company’s outstanding shares have now reached $82.83 million.
In an organization with 574 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 73.31%, operating margin of -18.64%, and the pretax margin is -23.97%.
Paragon 28 Inc (FNA) Insider and Institutional Ownership
Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of Paragon 28 Inc is 53.62%, while institutional ownership is 47.02%. The most recent insider transaction that took place on Mar 15 ’24, was worth 255,226. In this transaction an insider of this company bought 28,000 shares at a rate of $9.12, taking the stock ownership to the 5,339,110 shares. Before that another transaction happened on Nov 10 ’23, when Company’s see remarks bought 30,500 for $8.51, making the entire transaction worth $259,555. This insider now owns 5,311,110 shares in total.
Paragon 28 Inc (FNA) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -13.79% per share during the next fiscal year.
Paragon 28 Inc (NYSE: FNA) Trading Performance Indicators
Paragon 28 Inc (FNA) is currently performing well based on its current performance indicators. A quick ratio of 1.70 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 2.11.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.83, a number that is poised to hit -0.16 in the next quarter and is forecasted to reach -0.47 in one year’s time.
Technical Analysis of Paragon 28 Inc (FNA)
Let’s dig in a bit further. During the last 5-days, its volume was 0.77 million. That was better than the volume of 0.59 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 75.76%. Additionally, its Average True Range was 0.39.
During the past 100 days, Paragon 28 Inc’s (FNA) raw stochastic average was set at 21.95%, which indicates a significant decrease from 67.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.12% in the past 14 days, which was lower than the 78.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.47, while its 200-day Moving Average is $8.68. However, in the short run, Paragon 28 Inc’s stock first resistance to watch stands at $5.76. Second resistance stands at $5.89. The third major resistance level sits at $6.12. If the price goes on to break the first support level at $5.40, it is likely to go to the next support level at $5.17. The third support level lies at $5.04 if the price breaches the second support level.
Paragon 28 Inc (NYSE: FNA) Key Stats
Market capitalization of the company is 497.86 million based on 83,542K outstanding shares. Right now, sales total 216,390 K and income totals -47,840 K. The company made 61,020 K in profit during its latest quarter, and -13,780 K in sales during its previous quarter.
