During the last session, Priority Technology Holdings Inc (NASDAQ:PRTH)’s traded shares were 0.57 million, with the beta value of the company hitting 1.11. At the end of the trading day, the stock’s price was $8.02, reflecting an intraday loss of -3.95% or -$0.33. The 52-week high for the PRTH share is $9.25, that puts it down -15.34 from that peak though still a striking 65.21% gain since the share price plummeted to a 52-week low of $2.79. The company’s market capitalization is $618.88M, and the average intraday trading volume over the past 10 days was 0.21 million shares, and the average trade volume was 86.47K shares over the past three months.
Priority Technology Holdings Inc (NASDAQ:PRTH) trade information
Priority Technology Holdings Inc (PRTH) registered a -3.95% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.95% in intraday trading to $8.02, hitting a weekly high. The stock’s 5-day price performance is 0.38%, and it has moved by 50.19% in 30 days. Based on these gigs, the overall price performance for the year is 135.19%. The short interest in Priority Technology Holdings Inc (NASDAQ:PRTH) is 0.11 million shares and it means that shorts have 2.49 day(s) to cover.
The consensus price target of analysts on Wall Street is $13, which implies an increase of 38.31% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13 and $13 respectively. As a result, PRTH is trading at a discount of -62.09% off the target high and -62.09% off the low.
Priority Technology Holdings Inc (PRTH) estimates and forecasts
Statistics show that Priority Technology Holdings Inc has outperformed its competitors in share price, compared to the industry in which it operates. Priority Technology Holdings Inc (PRTH) shares have gone up 79.82% during the last six months, with a year-to-date growth rate more than the industry average at 66.67% against 18.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 174.87% this quarter and then jump 245.83% in the quarter after that. In the rating firms’ projections, revenue will increase 16.54% 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 227.93M as predicted by 4 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 226.56M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 199.28M and 205.72M respectively. In this case, analysts expect current quarter sales to grow by 14.38% and then jump by 10.13% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -16.63%. While earnings are projected to return 74.21% in 2024.
PRTH Dividends
Priority Technology Holdings 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.
Priority Technology Holdings Inc (NASDAQ:PRTH)’s Major holders
Priority Technology Holdings Inc insiders own 75.50% of total outstanding shares while institutional holders control 12.83%, with the float percentage being 52.39%. STONE POINT CAPITAL LLC is the largest shareholder of the company, while 80.0 institutions own stock in it. As of 2024-06-30, the company held over 5.19 million shares (or 6.656% of all shares), a total value of $27.42 million in shares.
The next largest institutional holding, with 0.88 million shares, is of VANGUARD GROUP INC’s that is approximately 1.1326% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $4.67 million.
Also, the Mutual Funds coming in first place with the largest holdings of Priority Technology Holdings Inc (PRTH) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 479.59 shares. This amounts to just over 0.62 percent of the company’s overall shares, with a $3.85 million market value. The same data shows that the other fund manager holds slightly less at 423.3, or about 0.55% of the stock, which is worth about $3.39 million.
