In the last trading session, 1.16 million shares of the Paragon 28 Inc (NYSE:FNA) were traded, and its beta was 1.28. Most recently the company’s share price was $10.50, and it changed around $0.3 or 2.94% from the last close, which brings the market valuation of the company to $879.07M. FNA currently trades at a discount to its 52-week high of $14.79, offering almost -40.86% off that amount. The share price’s 52-week low was $4.65, which indicates that the current value has risen by an impressive 55.71% since then. We note from Paragon 28 Inc’s average daily trading volume that its 10-day average is 1.06 million shares, with the 3-month average coming to 518.98K.

Paragon 28 Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended FNA as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Paragon 28 Inc is expected to report earnings per share of -0.12 for the current quarter.

Paragon 28 Inc (NYSE:FNA) trade information

Instantly FNA has showed a green trend with a performance of 2.94% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 10.68 on recent trading dayincreased the stock’s daily price by 1.69%. The company’s shares are currently down -15.53% year-to-date, but still up 40.00% over the last five days. On the other hand, Paragon 28 Inc (NYSE:FNA) is 97.00% up in the 30-day period. We can see from the shorts that 6.78 million shares have been sold at a short interest cover period of 14.61 day(s).

The consensus price target as assigned by Wall Street analysts is $11.5, which translates to bulls needing to increase their stock price by 8.7% from its current value. Analyst projections state that FNA is forecast to be at a low of $11 and a high of $12.

Paragon 28 Inc (FNA) estimates and forecasts

Paragon 28 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 risen 40.37 percent over the past six months and at a -24.53% annual growth rate that is well below the industry average of 15.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 25.23% in revenue this quarter, and will report an increase of 16.67% in the next quarter. The year-over-year growth rate is expected to be 17.40%, up from the previous year.

Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 69.62M in revenue for the current quarter. 6 analysts expect Paragon 28 Inc to make 69.75M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 60.56M and 61.08M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 14.96%. Forecasts for the next quarter put sales growth at 14.19%.

Paragon 28 Inc earnings are expected to increase by -11.82% in 2024, but the outlook is positive 29.80% per year for the next five years.

FNA Dividends

Paragon 28 Inc’s next quarterly earnings report is expected to be released in December.

Paragon 28 Inc (NYSE:FNA)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 40.56% of Paragon 28 Inc shares, and 61.27% of them are in the hands of institutional investors. The stock currently has a share float of 103.09%. Paragon 28 Inc stock is held by 167.0 institutions, with MVM PARTNERS, LLC being the largest institutional investor. By 2024-06-30, it held 13.1389% of the shares, which is about 10.89 million shares worth $74.3 million.

FIRST LIGHT ASSET MANAGEMENT, LLC, with 9.8665% or 8.17 million shares worth $55.92 million as of 2024-06-30, holds the second largest percentage of outstanding shares.