During the last session, Pliant Therapeutics Inc (NASDAQ:PLRX)’s traded shares were 0.46 million, with the beta value of the company hitting 1.06. At the end of the trading day, the stock’s price was $12.88, reflecting an intraday gain of 1.14% or $0.15. The 52-week high for the PLRX share is $19.62, that puts it down -52.33 from that peak though still a striking 20.65% gain since the share price plummeted to a 52-week low of $10.22. The company’s market capitalization is $783.49M, and the average intraday trading volume over the past 10 days was 0.59 million shares, and the average trade volume was 407.97K shares over the past three months.
Pliant Therapeutics Inc (PLRX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. PLRX has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.98.
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Pliant Therapeutics Inc (NASDAQ:PLRX) trade information
Pliant Therapeutics Inc (PLRX) registered a 1.14% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.14% in intraday trading to $12.88, hitting a weekly high. The stock’s 5-day price performance is 0.19%, and it has moved by -9.39% in 30 days. Based on these gigs, the overall price performance for the year is -8.95%. The short interest in Pliant Therapeutics Inc (NASDAQ:PLRX) is 7.22 million shares and it means that shorts have 17.04 day(s) to cover.
The consensus price target of analysts on Wall Street is $40, which implies an increase of 67.8% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $32 and $48 respectively. As a result, PLRX is trading at a discount of -272.67% off the target high and -148.45% off the low.
Pliant Therapeutics Inc (PLRX) estimates and forecasts
Statistics show that Pliant Therapeutics Inc has underperformed its competitors in share price, compared to the industry in which it operates. Pliant Therapeutics Inc (PLRX) shares have gone down -3.92% during the last six months, with a year-to-date growth rate less than the industry average at -32.73% against 18.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -41.58% this quarter and then drop -22.56% in the quarter after that. In the rating firms’ projections, revenue will decrease -94.73% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 83.33k as predicted by 12 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 333.33k by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -22.68%. While earnings are projected to return -32.31% in 2024.
PLRX Dividends
Pliant Therapeutics Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Pliant Therapeutics Inc (NASDAQ:PLRX)’s Major holders
Pliant Therapeutics Inc insiders own 2.86% of total outstanding shares while institutional holders control 111.67%, with the float percentage being 114.96%. DEEP TRACK CAPITAL, LP is the largest shareholder of the company, while 231.0 institutions own stock in it. As of 2024-06-30, the company held over 5.97 million shares (or 9.9238% of all shares), a total value of $64.2 million in shares.
The next largest institutional holding, with 4.97 million shares, is of BLACKROCK INC.’s that is approximately 8.2612% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $53.45 million.
Also, the Mutual Funds coming in first place with the largest holdings of Pliant Therapeutics Inc (PLRX) shares are Price (T.Rowe) New Horizons Fund and Vanguard Total Stock Market Index Fund. Data provided on Jun 30, 2024 indicates that Price (T.Rowe) New Horizons Fund owns about 2.51 shares. This amounts to just over 4.13 percent of the company’s overall shares, with a $32.92 million market value. The same data shows that the other fund manager holds slightly less at 2.03, or about 3.33% of the stock, which is worth about $26.59 million.
