In today’s recent session, 2,781,519 shares of the Pulmatrix, Inc.(NASDAQ:PULM) have been traded, and its beta is 1.58. Most recently the company’s share price was $1.76, and it changed around -$0.09 or -0.05% from the last close, which brings the market valuation of the company to $59.7 Million. PULM at last check was trading at a discount to its 52-week high of $3.04, offering almost -72.73% off that amount. The share price’s 52-week low was $0.9, which indicates that the recent value has risen by an impressive 48.86% since then. We note from Pulmatrix, Inc.’s average daily trading volume that its 10-day average is 7.44 Million shares, with the 3-month average coming to 1.98 Million.
Pulmatrix, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 0. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended PULM as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. Pulmatrix, Inc. is expected to report earnings per share of -$0.19 for the current quarter.
Pulmatrix, Inc. (NASDAQ:PULM): Trading Information Today
Although PULM has been showing red trend so far today with a performance of -4.95% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $2.119 on Wednesday, Feb 17 increased the stock’s daily price by 18.14%. The company’s shares are currently up 0.46% year-to-date, but still down -0.1777 over the last five days. On the other hand, Pulmatrix, Inc. (NASDAQ:PULM) is 0.05% up in the 30-day period. We can see from the shorts that 93.3 Million shares have been sold at a short interest cover period of 47.12 day(s).
The consensus price target as assigned by Wall Street analysts is $10, which translates to bears needing to increase their stock price by 468.18% from its current value. Analyst projections state that PULM is forecast to be at a low of $10 and a high of $10. In order for the stock price to hit the forecast high, the stock would need to surge +468.18% from its current level, while the stock would need to crash 468.18% from its current level to reach the projected low.
Pulmatrix, Inc. (PULM) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 48.7%. Pulmatrix, Inc. earnings are expected to increase by 75.3% in 2021, but the outlook is negative 0% per year for the next five years.
Pulmatrix, Inc. (NASDAQ:PULM)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 1.09% of Pulmatrix, Inc. shares, and 30.32% of them are in the hands of institutional investors. The stock currently has a share float of 30.66%. Pulmatrix, Inc. stock is held by 29 institutions, with Renaissance Technologies, LLC being the largest institutional investor. By Dec 30, 2020, it held 7.13% of the shares, which is about 2.57 Million shares worth $3.06 Million.
Sabby Management, LLC, with 5.47% or 1.98 Million shares worth $2.35 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Sep 29, 2020. The former held 1311500 shares worth $1.56 Million, making up 3.63% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 257.3 Thousand shares worth around $306.19 Thousand, which represents about 0.71% of the total shares outstanding.