Paragon 28 Inc (NYSE:FNA)’s traded shares stood at 2.82 million during the last session, with the company’s beta value hitting 1.19. At the close of trading, the stock’s price was $10.30, to imply an increase of 37.33% or $2.8 in intraday trading. The FNA share’s 52-week high remains $14.79, putting it -43.59% down since that peak but still an impressive 54.85% since price per share fell to its 52-week low of $4.65. The company has a valuation of $860.49M, with an average of 0.71 million shares in intraday trading volume over the past 10 days and average of 463.41K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Paragon 28 Inc (FNA), translating to a mean rating of 1.00. Of 4 analyst(s) looking at the stock, 0 analyst(s) give FNA a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.12.
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Paragon 28 Inc (NYSE:FNA) trade information
After registering a 37.33% upside in the last session, Paragon 28 Inc (FNA) has traded red over the past five days. The 5-day price performance for the stock is 42.27%, and 79.44% over 30 days. With these gigs, the year-to-date price performance is -17.14%. Short interest in Paragon 28 Inc (NYSE:FNA) saw shorts transact 6.78 million shares and set a 14.61 days time to cover.
The extremes give us $11 and $12 for target low and target high price respectively. As such, FNA has been trading -16.5% off suggested target high and -6.8% from its likely low.
Paragon 28 Inc (FNA) estimates and forecasts
Looking at statistics comparing Paragon 28 Inc share performance against respective industry, we note that the company has underperformed competitors. Paragon 28 Inc (FNA) shares are 27.16% up over the last 6 months, with its year-to-date growth rate lower than industry average at -28.30% against 15.90%. Revenue is forecast to grow 25.23% this quarter before jumping 16.67% for the next one. The rating firms project that company’s revenue will grow 17.43% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 69.69M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 69.7M.Earnings reports from the last fiscal year show that sales brought in 60.56M and 61.08M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 15.07% before jumping 14.11% in the following quarter.
FNA Dividends
Paragon 28 Inc has its next earnings report out in December. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Paragon 28 Inc (NYSE:FNA)’s Major holders
Paragon 28 Inc insiders hold 40.67% of total outstanding shares, with institutional holders owning 60.97% of the shares at 102.76% float percentage. In total, 60.97% institutions holds shares in the company, led by MVM PARTNERS, LLC. As of 2024-06-30, the company held over 10.89 million shares (or 13.1389% of shares), all amounting to roughly $74.3 million.
The next major institution holding the largest number of shares is FIRST LIGHT ASSET MANAGEMENT, LLC with 8.17 million shares, or about 9.8665% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $55.92 million.
