In last trading session, Paragon 28 Inc (NYSE:FNA) saw 0.62 million shares changing hands with its beta currently measuring 0.99. Company’s recent per share price level of $7.84 trading at $0.3 or 3.98% at ring of the bell on the day assigns it a market valuation of $654.95M. That closing price of FNA’s stock is at a discount of -90.18% from its 52-week high price of $14.91 and is indicating a premium of 29.21% from its 52-week low price of $5.55. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.9 million shares which gives us an average trading volume of 796.19K if we extend that period to 3-months.
For Paragon 28 Inc (FNA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.16 in the current quarter.
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Paragon 28 Inc (NYSE:FNA) trade information
Upright in the green during last session for gaining 3.98%, in the last five days FNA remained trading in the green while hitting it’s week-highest on Friday, 08/16/24 when the stock touched $7.84 price level, adding 3.21% to its value on the day. Paragon 28 Inc’s shares saw a change of -36.93% in year-to-date performance and have moved 18.07% in past 5-day. Paragon 28 Inc (NYSE:FNA) showed a performance of -2.73% in past 30-days. Number of shares sold short was 7.31 million shares which calculate 11.79 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 11.5 to the stock, which implies a rise of 31.83% to its current value. Analysts have been projecting 11 as a low price target for the stock while placing it at a high target of 12. It follows that stock’s current price would drop -40.31% in reaching the projected high whereas dropping to the targeted low would mean a loss of -40.31% for stock’s current value.
Paragon 28 Inc (FNA) estimates and forecasts
Statistics highlight that Paragon 28 Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -45.78% of value to its shares in past 6 months, showing an annual growth rate of -26.42% while that of industry is 12.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 16.60% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 60.84M for the same. And 7 analysts are in estimates of company making revenue of 69.37M in the next quarter.
In 2024, company’s earnings growth rate is likely to be around -15.27% while estimates for its earnings growth in next 5 years are of 29.80%.
Paragon 28 Inc (NYSE:FNA)’s Major holders
Insiders are in possession of 40.69% of company’s total shares while institution are holding 60.37 percent of that, with stock having share float percentage of 101.79%. Investors also watch the number of corporate investors in a company very closely, which is 60.37% institutions for Paragon 28 Inc that are currently holding shares of the company. MVM PARTNERS, LLC is the top institutional holder at FNA for having 10.89 million shares of worth $134.12 million. And as of 2024-03-31, it was holding 13.2617 of the company’s outstanding shares.
The second largest institutional holder is FIRST LIGHT ASSET MANAGEMENT, LLC, which was holding about 3.8 million shares on 2024-03-31. The number of shares represents firm’s hold over 4.6328 of outstanding shares, having a total worth of $46.97 million.
On the other hand, iShares Russell 2000 ETF and Janus Henderson Venture Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 1.15 shares of worth $8.98 million or 1.37% of the total outstanding shares. The later fund manager was in possession of 1.11 shares on Mar 31, 2024 , making its stake of worth around $8.73 million in the company or a holder of 1.33% of company’s stock.
