Pro-Dex Inc. (co) (NASDAQ:PDEX) Jumps 220.69% In 2024; Is It Affordable At $50.99?

In last trading session, Pro-Dex Inc. (co) (NASDAQ:PDEX) saw 56626.0 shares changing hands with its beta currently measuring 0.55. Company’s recent per share price level of $50.99 trading at $0.74 or 1.47% at ring of the bell on the day assigns it a market valuation of $166.19M. That closing price of PDEX’s stock is at a premium of 1.16% from its 52-week high price of $50.40 and is indicating a premium of 69.21% from its 52-week low price of $15.70. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 36050.0 shares which gives us an average trading volume of 34.21K if we extend that period to 3-months.

Pro-Dex Inc. (co) (NASDAQ:PDEX) trade information

Upright in the green during last session for gaining 1.47%, in the last five days PDEX remained trading in the green while hitting it’s week-highest on Wednesday, 11/27/24 when the stock touched $50.99 price level, adding 1.9% to its value on the day. Pro-Dex Inc. (co)’s shares saw a change of 191.04% in year-to-date performance and have moved 7.05% in past 5-day. Pro-Dex Inc. (co) (NASDAQ:PDEX) showed a performance of 68.79% in past 30-days. Number of shares sold short was 41923.0 shares which calculate 0.93 days to cover the short interests.

Pro-Dex Inc. (co) (PDEX) estimates and forecasts

Statistics highlight that Pro-Dex Inc. (co) is scoring comparatively higher than the scores of other players of the relevant industry. The company added 160.15% of value to its shares in past 6 months, showing an annual growth rate of 136.67% while that of industry is 7.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 13.29% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 13.8M for the same. And 1 analysts are in estimates of company making revenue of 15.7M in the next quarter. Company posted 12.59M and 14.29M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -9.20% during past 5 years.

Pro-Dex Inc. (co) (NASDAQ:PDEX)’s Major holders

Insiders are in possession of 36.14% of company’s total shares while institution are holding 27.73 percent of that, with stock having share float percentage of 43.42%. Investors also watch the number of corporate investors in a company very closely, which is 27.73% institutions for Pro-Dex Inc. (co) that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at PDEX for having 0.12 million shares of worth $2.43 million. And as of 2024-06-30, it was holding 3.583 of the company’s outstanding shares.

The second largest institutional holder is PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC., which was holding about 75500.0 shares on 2024-06-30. The number of shares represents firm’s hold over 2.1878 of outstanding shares, having a total worth of $1.48 million.