In the last trading session, 1.21 million shares of the Phathom Pharmaceuticals Inc (NASDAQ:PHAT) were traded, and its beta was 0.65. Most recently the company’s share price was $8.89, and it changed around $0.11 or 1.25% from the last close, which brings the market valuation of the company to $587.14M. PHAT currently trades at a discount to its 52-week high of $19.71, offering almost -121.71% off that amount. The share price’s 52-week low was $6.07, which indicates that the current value has risen by an impressive 31.72% since then. We note from Phathom Pharmaceuticals Inc’s average daily trading volume that its 10-day average is 2.74 million shares, with the 3-month average coming to 1.31 million.
Phathom Pharmaceuticals Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.29. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 1 recommended PHAT as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight.
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Phathom Pharmaceuticals Inc (NASDAQ:PHAT) trade information
Instantly PHAT has showed a green trend with a performance of 1.25% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 13.32 on recent trading dayincreased the stock’s daily price by 33.26%. The company’s shares are currently down -2.63% year-to-date, but still down -32.14% over the last five days. On the other hand, Phathom Pharmaceuticals Inc (NASDAQ:PHAT) is -44.71% down in the 30-day period. We can see from the shorts that 17.45 million shares have been sold at a short interest cover period of 17.41 day(s).
The consensus price target as assigned by Wall Street analysts is $27, which translates to bulls needing to increase their stock price by 67.07% from its current value. Analyst projections state that PHAT is forecast to be at a low of $12 and a high of $35.
Phathom Pharmaceuticals Inc (PHAT) estimates and forecasts
Phathom Pharmaceuticals Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -18.37 percent over the past six months and at a -140.32% annual growth rate that is well below the industry average of 17.50%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -137.06%.
PHAT Dividends
Phathom Pharmaceuticals Inc’s next quarterly earnings report is expected to be released in December.
Phathom Pharmaceuticals Inc (NASDAQ:PHAT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.70% of Phathom Pharmaceuticals Inc shares, and 109.54% of them are in the hands of institutional investors. The stock currently has a share float of 118.67%. Phathom Pharmaceuticals Inc stock is held by 198.0 institutions, with FRAZIER LIFE SCIENCES MANAGEMENT, L.P. being the largest institutional investor. By 2024-06-30, it held 17.3189% of the shares, which is about 10.11 million shares worth $104.13 million.
MEDICXI VENTURES MANAGEMENT (JERSEY) LTD, with 12.788% or 7.46 million shares worth $76.89 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
