Performant Financial Corporation (PFMT) is primed for evolution with the beta value of -0.71 – Invest Chronicle
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Performant Financial Corporation (PFMT) is primed for evolution with the beta value of -0.71

Performant Financial Corporation (PFMT) is priced at $2.33 after the most recent trading session. At the very opening of the session, the stock price was $2.14 and reached a high price of $2.33, prior to closing the session it reached the value of $2.15. The stock touched a low price of $2.05.

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Recently in News on April 13, 2021, Performant Financial Corporation Re-Awarded CMS RAC Region 1 Contract. Performant Financial Corporation (Nasdaq: PFMT), (“Performant”, “the Company”), a leading provider of technology-enabled payment integrity, eligibility and related analytics services, today announced that on March 26, 2021, the Centers for Medicare and Medicaid (CMS) awarded Performant an 8.5 year contract to serve as the Region 1 Recovery Audit Contractor (RAC). This contingency fee contract was awarded via a full-and-open competitive procurement. You can read further details here


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Performant Financial Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $3.21 on 04/05/21, with the lowest value was $0.83 for the same time period, recorded on 01/04/21.

Performant Financial Corporation (PFMT) full year performance was 219.18%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Performant Financial Corporation shares are logging -27.41% during the 52-week period from high price, and 331.48% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.54 and $3.21.

The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 1543848 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Performant Financial Corporation (PFMT) recorded performance in the market was 164.47%, having the revenues showcasing 104.39% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 123.21M, as it employees total of 1269 workers.

Performant Financial Corporation (PFMT) in the eye of market guru’s

During the last month, 0 analysts gave the Performant Financial Corporation a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.26, with a change in the price was noted +1.67. In a similar fashion, Performant Financial Corporation posted a movement of +253.57% for the period of last 100 days, recording 2,340,128 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for PFMT is recording 1.43 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

Performant Financial Corporation (PFMT): Stocks Technical analysis and Trends

Raw Stochastic average of Performant Financial Corporation in the period of last 50 days is set at 59.82%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 52.69%. In the last 20 days, the company’s Stochastic %K was 48.21% and its Stochastic %D was recorded 46.89%.

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If we look into the earlier routines of Performant Financial Corporation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 164.47%. Additionally, trading for the stock in the period of the last six months notably improved by 43.83%, alongside a boost of 219.18% for the period of the last 12 months. The shares increased approximately by -4.90% in the 7-day charts and went down by 21.99% in the period of the last 30 days. Common stock shares were driven by 104.39% during last recorded quarter.

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