In last trading session, Phathom Pharmaceuticals Inc (NASDAQ:PHAT) saw 0.46 million shares changing hands with its beta currently measuring 0.47. Company’s recent per share price level of $7.50 trading at $0.17 or 2.32% at ring of the bell on the day assigns it a market valuation of $429.38M. That closing price of PHAT’s stock is at a discount of -126.93% from its 52-week high price of $17.02 and is indicating a premium of 22.13% from its 52-week low price of $5.84. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.68 million shares which gives us an average trading volume of 454.54K if we extend that period to 3-months.
For Phathom Pharmaceuticals Inc (PHAT), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.29. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$1.11 in the current quarter.
Phathom Pharmaceuticals Inc (NASDAQ:PHAT) trade information
Upright in the green during last session for gaining 2.32%, in the last five days PHAT remained trading in the red while hitting it’s week-highest on Monday, 11/13/23 when the stock touched $7.50 price level, adding 3.23% to its value on the day. Phathom Pharmaceuticals Inc’s shares saw a change of -33.16% in year-to-date performance and have moved -0.13% in past 5-day. Phathom Pharmaceuticals Inc (NASDAQ:PHAT) showed a performance of -17.85% in past 30-days. Number of shares sold short was 4.12 million shares which calculate 12.71 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $22.71 to the stock, which implies a rise of 66.97% to its current value. Analysts have been projecting $10.00 as a low price target for the stock while placing it at a high target of $28.00. It follows that stock’s current price would drop -273.33% in reaching the projected high whereas dropping to the targeted low would mean a loss of -33.33% for stock’s current value.
Phathom Pharmaceuticals Inc (PHAT) estimates and forecasts
Statistics highlight that Phathom Pharmaceuticals Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -43.35% of value to its shares in past 6 months, showing an annual growth rate of 22.57% while that of industry is 14.80. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 16.50% in the current quarter and calculating -39.30% decrease in the next quarter.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $840k for the same. And 3 analysts are in estimates of company making revenue of $3.53 million in the next quarter that will end on Mar 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -213.24% during past 5 years.
Phathom Pharmaceuticals Inc is more likely to be releasing its next quarterly report on November 09 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.