ProPhase Labs Inc (NASDAQ:PRPH) Drops -49.83%, But Further Rally Could Be Imminent

In recent trading session, ProPhase Labs Inc (NASDAQ:PRPH) saw 1.42 million shares changing hands at last check today with its beta currently measuring -0.21. Company’s recent per share price level of $0.72 trading at -$0.71 or -49.83% at last check today assigns it a market valuation of $13.69M. That most recent trading price of PRPH’s stock is at a discount of -938.89% from its 52-week high price of $7.48 and is indicating a discount of -88.89% from its 52-week low price of $1.36. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 49760.0 shares which gives us an average trading volume of 33.82K if we extend that period to 3-months.

For ProPhase Labs Inc (PRPH), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.04 in the current quarter.

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ProPhase Labs Inc (NASDAQ:PRPH) trade information

Upright in the red during last session for losing -49.83%, in the last five days PRPH remained trading in the red while hitting it’s week-highest on Monday, 11/04/24 when the stock touched $0.72 price level, adding 67.71% to its value on the day. ProPhase Labs Inc’s shares saw a change of -84.13% in year-to-date performance and have moved -66.48% in past 5-day. ProPhase Labs Inc (NASDAQ:PRPH) showed a performance of -67.83% in past 30-days. Number of shares sold short was 0.21 million shares which calculate 7.69 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 14 to the stock, which implies a rise of 94.86% to its recent value today. Analysts have been projecting 14 as a low price target for the stock while placing it at a high target of 14. It follows that stock’s current price would drop -1844.44% in reaching the projected high whereas dropping to the targeted low would mean a loss of -1844.44% for stock’s current value.

ProPhase Labs Inc (PRPH) estimates and forecasts

Statistics highlight that ProPhase Labs Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -85.79% of value to its shares in past 6 months, showing an annual growth rate of -25.51% while that of industry is 18.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 31.70% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 23.85M for the same. And 1 analysts are in estimates of company making revenue of 29.65M in the next quarter. Company posted 8.37M and 4.35M of sales in current and next quarters respectively a year earlier.

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 -47.90% during past 5 years.

ProPhase Labs Inc (NASDAQ:PRPH)’s Major holders

Insiders are in possession of 17.47% of company’s total shares while institution are holding 9.31 percent of that, with stock having share float percentage of 11.27%. Investors also watch the number of corporate investors in a company very closely, which is 9.31% institutions for ProPhase Labs Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at PRPH for having 0.66 million shares of worth $2.74 million. And as of 2024-06-30, it was holding 3.6351 of the company’s outstanding shares.

The second largest institutional holder is RENAISSANCE TECHNOLOGIES LLC, which was holding about 0.22 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.222 of outstanding shares, having a total worth of $0.92 million.