An Analysis Of Portage Biotech Inc (PRTG) Stock

Portage Biotech Inc (NASDAQ:PRTG) has a beta value of 101.26 and has seen 0.59 million shares traded in the recent trading session. The company, currently valued at $1.54M, closed the recent trade at $0.12 per share which meant it lost -$0.03 on the day or -22.89% during that session. The PRTG stock price is -2483.33% off its 52-week high price of $3.10 and -8.33% below the 52-week low of $0.13. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.19 million shares traded. The 3-month trading volume is 909.92K shares.

The consensus among analysts is that Portage Biotech Inc (PRTG) is Buy stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.

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Portage Biotech Inc (NASDAQ:PRTG) trade information

Sporting -22.89% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PRTG stock price touched $0.12 or saw a rise of 30.52%. Year-to-date, Portage Biotech Inc shares have moved -93.63%, while the 5-day performance has seen it change -26.72%. Over the past 30 days, the shares of Portage Biotech Inc (NASDAQ:PRTG) have changed -35.61%. Short interest in the company has seen 60582.0 shares shorted with days to cover at 0.04.

Wall Street analysts have a consensus price target for the stock at $19.5, which means that the shares’ value could jump 99.38% from the levels at last check today. The projected low price target is $18.0 while the price target rests at a high of $21.0. In that case, then, we find that the latest price level in today’s session is -17400.0% off the targeted high while a plunge would see the stock gain -14900.0% from the levels at last check today.

Portage Biotech Inc (PRTG) estimates and forecasts

The company’s shares have lost -80.78% over the past 6 months, compared to 17.10% for the industry.

Portage Biotech Inc (NASDAQ:PRTG)’s Major holders

Insiders own 38.82% of the company shares, while shares held by institutions stand at 10.96% with a share float percentage of 17.91%. Investors are also buoyed by the number of investors in a company, with Portage Biotech Inc having a total of 29.0 institutions that hold shares in the company. The top two institutional holders are ARMISTICE CAPITAL, LLC with over 1.67 million shares worth more than $0.94 million. As of 2024-03-31, ARMISTICE CAPITAL, LLC held 7.9719% of shares outstanding.

The other major institutional holder is BISON WEALTH, LLC, with the holding of over 0.21 million shares as of 2024-03-31. The firm’s total holdings are worth over $0.12 million and represent 1.0212% of shares outstanding.