Pliant Therapeutics Inc (NASDAQ:PLRX) Shares Are Up 14.9% From The Lows, But Can They Stay Up?

In last trading session, Pliant Therapeutics Inc (NASDAQ:PLRX) saw 0.35 million shares changing hands with its beta currently measuring 1.07. Company’s recent per share price level of $12.01 trading at -$0.6 or -4.76% at ring of the bell on the day assigns it a market valuation of $730.85M. That closing price of PLRX’s stock is at a discount of -60.95% from its 52-week high price of $19.33 and is indicating a premium of 14.9% from its 52-week low price of $10.22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.37 million shares which gives us an average trading volume of 507.20K if we extend that period to 3-months.

For Pliant Therapeutics Inc (PLRX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.98 in the current quarter.

Pliant Therapeutics Inc (NASDAQ:PLRX) trade information

Upright in the red during last session for losing -4.76%, in the last five days PLRX remained trading in the red while hitting it’s week-highest on Friday, 01/03/25 when the stock touched $12.01 price level, adding 12.4% to its value on the day. Pliant Therapeutics Inc’s shares saw a change of -8.81% in year-to-date performance and have moved -9.56% in past 5-day. Pliant Therapeutics Inc (NASDAQ:PLRX) showed a performance of -19.12% in past 30-days. Number of shares sold short was 7.22 million shares which calculate 13.13 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 35.5 to the stock, which implies a rise of 66.17% to its current value. Analysts have been projecting 33 as a low price target for the stock while placing it at a high target of 38. It follows that stock’s current price would drop -174.77% in reaching the projected high whereas dropping to the targeted low would mean a loss of -174.77% for stock’s current value.

Pliant Therapeutics Inc (PLRX) estimates and forecasts

Statistics highlight that Pliant Therapeutics Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -3.92% of value to its shares in past 6 months, showing an annual growth rate of -32.73% while that of industry is 16.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2025. This year revenue growth is estimated to fall -94.73% from the last financial year’s standing.

12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 83.33k for the same. And 3 analysts are in estimates of company making revenue of 333.33k in the next quarter.

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 -22.68% during past 5 years.

Pliant Therapeutics Inc (NASDAQ:PLRX)’s Major holders

Insiders are in possession of 2.91% of company’s total shares while institution are holding 111.84 percent of that, with stock having share float percentage of 115.19%. Investors also watch the number of corporate investors in a company very closely, which is 111.84% institutions for Pliant Therapeutics Inc that are currently holding shares of the company. DEEP TRACK CAPITAL, LP is the top institutional holder at PLRX for having 5.97 million shares of worth $64.2 million. And as of 2024-06-30, it was holding 9.9238 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 4.97 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.2612 of outstanding shares, having a total worth of $53.45 million.

On the other hand, Price (T.Rowe) New Horizons Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 2.41 shares of worth $29.0 million or 3.97% of the total outstanding shares. The later fund manager was in possession of 2.03 shares on Sep 30, 2024 , making its stake of worth around $24.39 million in the company or a holder of 3.34% of company’s stock.