Pliant Therapeutics Inc (NASDAQ:PLRX) Currently -94.33 Percent Off Its 52-Week High, But Its Upside Possibilities Might Surprise You

In last trading session, Pliant Therapeutics Inc (NASDAQ:PLRX) saw 0.35 million shares changing hands with its beta currently measuring 1.18. Company’s recent per share price level of $16.93 trading at $0.64 or 3.93% at ring of the bell on the day assigns it a market valuation of $1.01B. That closing price of PLRX’s stock is at a discount of -94.33% from its 52-week high price of $32.90 and is indicating a premium of 25.58% from its 52-week low price of $12.60. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.5 million shares which gives us an average trading volume of 457.92K if we extend that period to 3-months.

Pliant Therapeutics Inc (NASDAQ:PLRX) trade information

Upright in the green during last session for gaining 3.93%, in the last five days PLRX remained trading in the red while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $16.93 price level, adding 3.37% to its value on the day. Pliant Therapeutics Inc’s shares saw a change of -6.52% in year-to-date performance and have moved -2.70% in past 5-day. Pliant Therapeutics Inc (NASDAQ:PLRX) showed a performance of -1.68% in past 30-days. Number of shares sold short was 6.37 million shares which calculate 13.72 days to cover the short interests.

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Pliant Therapeutics Inc (PLRX) estimates and forecasts

Statistics highlight that Pliant Therapeutics Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -9.85% of value to its shares in past 6 months, showing an annual growth rate of 1.70% while that of industry is 15.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -12.50% in the current quarter and calculating -22.40% decrease in the next quarter. This year revenue growth is estimated to fall -82.60% from the last financial year’s standing.

11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $500k for the same. And 6 analysts are in estimates of company making revenue of $670k in the next quarter that will end on Mar 2024. Company posted $1.97 million and $1.33 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -74.60% while estimating it to be -49.70% for the next quarter.

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 -31.26% during past 5 years.

PLRX Dividends

Pliant Therapeutics Inc is more likely to be releasing its next quarterly report between March 07 and March 11 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.

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