In last trading session, Priority Technology Holdings Inc (NASDAQ:PRTH) saw 0.35 million shares changing hands with its beta currently measuring 1.25. Company’s recent per share price level of $8.59 trading at -$0.05 or -0.58% at ring of the bell on the day assigns it a market valuation of $663.13M. That closing price of PRTH’s stock is at a discount of -21.54% from its 52-week high price of $10.44 and is indicating a premium of 67.17% from its 52-week low price of $2.82. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.29 million shares which gives us an average trading volume of 168.58K if we extend that period to 3-months.
Priority Technology Holdings Inc (NASDAQ:PRTH) trade information
Upright in the red during last session for losing -0.58%, in the last five days PRTH remained trading in the red while hitting it’s week-highest on Tuesday, 12/17/24 when the stock touched $8.59 price level, adding 14.1% to its value on the day. Priority Technology Holdings Inc’s shares saw a change of 141.29% in year-to-date performance and have moved -5.08% in past 5-day. Priority Technology Holdings Inc (NASDAQ:PRTH) showed a performance of 0.35% in past 30-days. Number of shares sold short was 0.74 million shares which calculate 3.34 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 13 to the stock, which implies a rise of 33.92% to its current value. Analysts have been projecting 13 as a low price target for the stock while placing it at a high target of 13. It follows that stock’s current price would drop -51.34% in reaching the projected high whereas dropping to the targeted low would mean a loss of -51.34% for stock’s current value.
Priority Technology Holdings Inc (PRTH) estimates and forecasts
Statistics highlight that Priority Technology Holdings Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 74.95% of value to its shares in past 6 months, showing an annual growth rate of 68.25% while that of industry is 16.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 16.54% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 227.93M for the same. And 3 analysts are in estimates of company making revenue of 226.56M in the next quarter. Company posted 199.28M and 205.72M 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 -16.63% during past 5 years.
Priority Technology Holdings Inc (NASDAQ:PRTH)’s Major holders
Insiders are in possession of 75.31% of company’s total shares while institution are holding 12.82 percent of that, with stock having share float percentage of 51.94%. Investors also watch the number of corporate investors in a company very closely, which is 12.82% institutions for Priority Technology Holdings Inc that are currently holding shares of the company. STONE POINT CAPITAL LLC is the top institutional holder at PRTH for having 5.19 million shares of worth $27.42 million. And as of 2024-06-30, it was holding 6.656 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 0.88 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.1326 of outstanding shares, having a total worth of $4.67 million.
