In the last trading session, 1.12 million Precipio Inc. (NASDAQ:PRPO) shares changed hands as the company’s beta touched 2.52. With the company’s per share price at $3.54 changed hands at -$0.2 or -5.35% during last session, the market valuation stood at $82.98M. PRPO’s last price was a discount, traded about -159.32% off its 52-week high of $9.18. The share price had its 52-week low at $1.06, which suggests the last value was 70.06% up since then. When we look at Precipio Inc.’s average trading volume, we note the 10-day average is 2.76 million shares, with the 3-month average coming to 14.55 million.
Analysts gave the Precipio Inc. (PRPO) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended PRPO as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Precipio Inc.’s EPS for the current quarter is expected to be -$0.1.
Precipio Inc. (NASDAQ:PRPO) trade information
Instantly PRPO was in red as seen at the end of in last trading. With action -6.10%, the performance over the past five days has been red. The drop to weekly highs of 3.98 on Tuesday, 06/22/21 subtracted -5.35% to the stock’s daily price. The company’s shares are showing year-to-date upside of 71.01%, with the 5-day performance at -6.10% in the red. However, in the 30-day time frame, Precipio Inc. (NASDAQ:PRPO) is -12.81% down. Looking at the short shares, we see there were 1.34 million shares sold at short interest cover period of 0.04 days.
The consensus price target for the stock as assigned by Wall Street analysts is $7.00, meaning bulls need an upside of 49.43% from its current market value. According to analyst projections, PRPO’s forecast low is $7.00 with $7.00 as the target high. To hit the forecast high, the stock’s price needs a -97.74% plunge from its current level, while the stock would need to soar -97.74% for it to hit the projected low.
Precipio Inc. (PRPO) estimates and forecasts
Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Precipio Inc. will rise 87.20%, while the growth in revenue is estimated to hit 50.00% for the next quarter. Year-over-year growth is forecast to reach 122.10% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $3.25 million. 1 analysts are of the opinion that Precipio Inc.’s revenue for the quarter ending Sep 2021 will be $3.52 million. The estimates for the next quarter sales put growth at 116.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 70.90%. The 2021 estimates are for Precipio Inc. earnings to increase by 63.50%, but the outlook for the next 5-year period is at 20.00% per year.
Precipio Inc. is expected to release its next quarterly earnings report in July.
Precipio Inc. (NASDAQ:PRPO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.64% of Precipio Inc. shares while 4.87% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 5.05%. There are 4.87% institutions holding the Precipio Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Mar 30, 2021, the company held 2.13% of the shares, roughly 0.48 million PRPO shares worth $1.12 million.
Renaissance Technologies, LLC holds the second largest percentage of outstanding shares, with 1.48% or 0.34 million shares worth $0.78 million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Vanguard Extended Market Index Fund and Vanguard Total Stock Market Index Fund. With 0.27 million shares estimated at $0.62 million under it, the former controlled 1.18% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 0.92% of the shares, roughly 0.21 million shares worth around $0.48 million.