In the last trading session, 1.84 million shares of the Phathom Pharmaceuticals Inc (NASDAQ:PHAT) were traded, and its beta was 0.64. Most recently the company’s share price was $9.37, and it changed around $0.48 or 5.40% from the last close, which brings the market valuation of the company to $640.69M. PHAT currently trades at a discount to its 52-week high of $19.71, offering almost -110.35% off that amount. The share price’s 52-week low was $6.07, which indicates that the current value has risen by an impressive 35.22% 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 1.32 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. Phathom Pharmaceuticals Inc is expected to report earnings per share of -1.06 for the current quarter.
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Phathom Pharmaceuticals Inc (NASDAQ:PHAT) trade information
Instantly PHAT has showed a green trend with a performance of 5.40% 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 10.10 on recent trading dayincreased the stock’s daily price by 7.23%. The company’s shares are currently up 2.63% year-to-date, but still down -1.58% over the last five days. On the other hand, Phathom Pharmaceuticals Inc (NASDAQ:PHAT) is -39.63% 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 65.3% 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 -12.67 percent over the past six months and at a -71.54% annual growth rate that is well below the industry average of 17.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -32.50% in revenue this quarter, and will report an increase of 9.01% in the next quarter. The year-over-year growth rate is expected to be 7,431.30%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 25.77M in revenue for the current quarter. 3 analysts expect Phathom Pharmaceuticals Inc to make 28.02M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 682k and 1.91M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 3,678.74%. Forecasts for the next quarter put sales growth at 1,365.71%.
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 109.32% of them are in the hands of institutional investors. The stock currently has a share float of 118.44%. Phathom Pharmaceuticals Inc stock is held by 199.0 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.
