In the last trading session, 1.48 million Phathom Pharmaceuticals Inc (NASDAQ:PHAT) shares changed hands as the company’s beta touched 0.71. With the company’s per share price at $16.59 changed hands at $1.07 or 6.89% during last session, the market valuation stood at $1.13B. PHAT’s last price was a discount, traded about -18.81% off its 52-week high of $19.71. The share price had its 52-week low at $6.07, which suggests the last value was 63.41% up since then. When we look at Phathom Pharmaceuticals Inc’s average trading volume, we note the 10-day average is 0.93 million shares, with the 3-month average coming to 937.07K.
Analysts gave the Phathom Pharmaceuticals Inc (PHAT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.29. If we narrow down to specifics, the data shows that 2 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended PHAT as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Phathom Pharmaceuticals Inc’s EPS for the current quarter is expected to be -1.49.
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Phathom Pharmaceuticals Inc (NASDAQ:PHAT) trade information
Instantly PHAT was in green as seen at the end of in last trading. With action 5.94%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 81.71%, with the 5-day performance at 5.94% in the green. However, in the 30-day time frame, Phathom Pharmaceuticals Inc (NASDAQ:PHAT) is -6.59% down. Looking at the short shares, we see there were 17.22 million shares sold at short interest cover period of 15.37 days.
The consensus price target for the stock as assigned by Wall Street analysts is 27, meaning bulls need an upside of 38.56% from its current market value. According to analyst projections, PHAT’s forecast low is 12 with 35 as the target high. To hit the forecast high, the stock’s price needs a -110.97% plunge from its current level, while the stock would need to tank 27.67% for it to hit the projected low.
Phathom Pharmaceuticals Inc (PHAT) estimates and forecasts
Data shows that the Phathom Pharmaceuticals Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 83.11% over the past 6 months, a -138.74% in annual growth rate that is considerably lower than the industry average of 17.20%. Year-over-year growth is forecast to reach 6,382.40% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 12.61M. 7 analysts are of the opinion that Phathom Pharmaceuticals Inc’s revenue for the current quarter will be 22.36M. The estimates for the next quarter sales put growth at 3,178.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -137.06%. The 2024 estimates are for Phathom Pharmaceuticals Inc earnings to decrease by -42.84%.
PHAT Dividends
Phathom Pharmaceuticals Inc is expected to release its next quarterly earnings report on 2024-Nov-07.
Phathom Pharmaceuticals Inc (NASDAQ:PHAT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.82% of Phathom Pharmaceuticals Inc shares while 85.88% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 93.16%. There are 85.88% institutions holding the Phathom Pharmaceuticals Inc stock share, with FRAZIER LIFE SCIENCES MANAGEMENT, L.P. the top institutional holder. As of 2024-06-30, the company held 17.3189% of the shares, roughly 10.11 million PHAT shares worth $104.13 million.
MEDICXI VENTURES MANAGEMENT (JERSEY) LTD holds the second largest percentage of outstanding shares, with 12.788% or 7.46 million shares worth $76.89 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were PGIM Jennison Health Sciences Fd and Invesco Global Fund . With 1.97 shares estimated at $32.73 million under it, the former controlled 3.31% of total outstanding shares. On the other hand, Invesco Global Fund held about 2.89% of the shares, roughly 1.72 shares worth around $28.59 million.
