Priority Technology Holdings Inc (NASDAQ:PRTH)’s traded shares stood at 0.42 million during the last session, with the company’s beta value hitting 1.22. At the close of trading, the stock’s price was $11.02, to imply a decrease of -6.93% or -$0.82 in intraday trading. The PRTH share’s 52-week high remains $11.93, putting it -8.26% down since that peak but still an impressive 74.41% since price per share fell to its 52-week low of $2.82. The company has a valuation of $850.72M, with an average of 0.36 million shares in intraday trading volume over the past 10 days and average of 198.57K shares over the past 3 months.
Priority Technology Holdings Inc (NASDAQ:PRTH) trade information
After registering a -6.93% downside in the last session, Priority Technology Holdings Inc (PRTH) has traded red over the past five days. The 5-day price performance for the stock is 27.55%, and 9.98% over 30 days. With these gigs, the year-to-date price performance is 209.55%. Short interest in Priority Technology Holdings Inc (NASDAQ:PRTH) saw shorts transact 0.74 million shares and set a 3.34 days time to cover.
The extremes give us $13 and $13 for target low and target high price respectively. As such, PRTH has been trading -17.97% off suggested target high and -17.97% from its likely low.
Priority Technology Holdings Inc (PRTH) estimates and forecasts
Looking at statistics comparing Priority Technology Holdings Inc share performance against respective industry, we note that the company has outperformed competitors. Priority Technology Holdings Inc (PRTH) shares are 108.71% up over the last 6 months, with its year-to-date growth rate higher than industry average at 68.25% against 16.10%. The rating firms project that company’s revenue will grow 16.54% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 227.93M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 226.56M.Earnings reports from the last fiscal year show that sales brought in 199.28M and 205.72M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 14.38% before jumping 10.13% in the following quarter.
PRTH Dividends
Priority Technology Holdings Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Priority Technology Holdings Inc (NASDAQ:PRTH)’s Major holders
Priority Technology Holdings Inc insiders hold 75.31% of total outstanding shares, with institutional holders owning 12.82% of the shares at 51.94% float percentage. In total, 12.82% institutions holds shares in the company, led by STONE POINT CAPITAL LLC. As of 2024-06-30, the company held over 5.19 million shares (or 6.656% of shares), all amounting to roughly $27.42 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 0.88 million shares, or about 1.1326% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $4.67 million.
