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Investors In Protagonist Therapeutics Inc. (PTGX) Will Start Making Money Again

Protagonist Therapeutics Inc. (NASDAQ:PTGX) has a beta value of 2.08 and has seen 0.68 million shares traded in the recent trading session. The company, currently valued at $572.47M, closed the recent trade at $12.54 per share which meant it gained $1.07 on the day or 9.33% during that session. The PTGX stock price is -142.58% off its 52-week high price of $30.42 and 44.9% above the 52-week low of $6.91. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.88 million shares traded. The 3-month trading volume is 824.45K shares.

The consensus among analysts is that Protagonist Therapeutics Inc. (PTGX) is a Buy stock at the moment, with a recommendation rating of 1.70. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 6 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.64.

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Protagonist Therapeutics Inc. (NASDAQ:PTGX) trade information

Sporting 9.33% in the green today, the stock has traded in the red over the last five days, with the highest price hit on Monday, 01/23/23 when the PTGX stock price touched $12.54 or saw a fall of -0.56%. Year-to-date, Protagonist Therapeutics Inc. shares have moved 5.13%, while the 5-day performance has seen it change -5.75%. Over the past 30 days, the shares of Protagonist Therapeutics Inc. (NASDAQ:PTGX) have changed 23.33%. Short interest in the company has seen 1.78 million shares shorted with days to cover at 1.76.

Wall Street analysts have a consensus price target for the stock at $33.50, which means that the shares’ value could jump 62.57% from the levels at last check today. The projected low price target is $21.00 while the price target rests at a high of $41.00. In that case, then, we find that the latest price level in today’s session is -226.95% off the targeted high while a plunge would see the stock gain -67.46% from the levels at last check today.

Protagonist Therapeutics Inc. (PTGX) estimates and forecasts

Figures show that Protagonist Therapeutics Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 15.86% over the past 6 months, with this year growth rate of 4.06%, compared to 4.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 16.90% and -60.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 15.20%.

6 analysts offering their estimates for the company have set an average revenue estimate of $5 million for the current quarter. 4 have an estimated revenue figure of $2.5 million for the next quarter concluding in Mar 2023. Year-ago sales stood $8.62 million and $25.72 million respectively for this quarter and the next, and analysts expect sales will shrink by -42.00% for the current quarter and -90.30% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -1.00% over the past 5 years.

PTGX Dividends

Protagonist Therapeutics Inc. is expected to release its next earnings report between February 27 and March 03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Protagonist Therapeutics Inc. (NASDAQ:PTGX)’s Major holders

Insiders own 1.46% of the company shares, while shares held by institutions stand at 100.12% with a share float percentage of 101.60%. Investors are also buoyed by the number of investors in a company, with Protagonist Therapeutics Inc. having a total of 208 institutions that hold shares in the company. The top two institutional holders are State Street Corporation with over 4.68 million shares worth more than $56.73 million. As of Sep 29, 2022, State Street Corporation held 9.51% of shares outstanding.

The other major institutional holder is RTW Investments LP, with the holding of over 4.18 million shares as of Sep 29, 2022. The firm’s total holdings are worth over $50.67 million and represent 8.49% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and Vanguard Total Stock Market Index Fund. As of Dec 30, 2022, the former fund manager holds about 5.75% shares in the company for having 2.83 million shares of worth $34.3 million while later fund manager owns 1.39 million shares of worth $16.9 million as of Sep 29, 2022, which makes it owner of about 2.83% of company’s outstanding stock.

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