During the last session, Pliant Therapeutics Inc (NASDAQ:PLRX)’s traded shares were 0.33 million, with the beta value of the company hitting 1.09. At the end of the trading day, the stock’s price was $14.52, reflecting an intraday gain of 3.20% or $0.45. The 52-week high for the PLRX share is $19.62, that puts it down -35.12 from that peak though still a striking 29.61% gain since the share price plummeted to a 52-week low of $10.22. The company’s market capitalization is $882.84M, and the average intraday trading volume over the past 10 days was 0.37 million shares, and the average trade volume was 385.35K shares over the past three months.
Pliant Therapeutics Inc (PLRX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. PLRX has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.97.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Pliant Therapeutics Inc (NASDAQ:PLRX) trade information
Pliant Therapeutics Inc (PLRX) registered a 3.20% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.20% in intraday trading to $14.52, hitting a weekly high. The stock’s 5-day price performance is 2.61%, and it has moved by 30.58% in 30 days. Based on these gigs, the overall price performance for the year is -2.16%. The short interest in Pliant Therapeutics Inc (NASDAQ:PLRX) is 6.95 million shares and it means that shorts have 15.47 day(s) to cover.
The consensus price target of analysts on Wall Street is $40, which implies an increase of 63.7% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $32 and $48 respectively. As a result, PLRX is trading at a discount of -230.58% off the target high and -120.39% off the low.
Pliant Therapeutics Inc (PLRX) estimates and forecasts
Statistics show that Pliant Therapeutics Inc has underperformed its competitors in share price, compared to the industry in which it operates. Pliant Therapeutics Inc (PLRX) shares have gone up 3.86% during the last six months, with a year-to-date growth rate less than the industry average at -34.91% against 17.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -38.60% this quarter and then drop -43.50% in the quarter after that. In the rating firms’ projections, revenue will decrease -72.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 530k as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 1.66M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -22.68%. While earnings are projected to return -32.88% in 2024.
PLRX Dividends
Pliant Therapeutics Inc is due to release its next quarterly earnings on 2024-Nov-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Pliant Therapeutics Inc (NASDAQ:PLRX)’s Major holders
Pliant Therapeutics Inc insiders own 2.86% of total outstanding shares while institutional holders control 118.05%, with the float percentage being 121.53%. DEEP TRACK CAPITAL, LP is the largest shareholder of the company, while 221.0 institutions own stock in it. As of 2024-06-30, the company held over 5.97 million shares (or 9.9238% of all shares), a total value of $64.2 million in shares.
The next largest institutional holding, with 4.97 million shares, is of BLACKROCK INC.’s that is approximately 8.2612% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $53.45 million.
