Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 111.63%. However, over the past six months, we’ve seen a weaker performance of 217.01%. The price of PHLT fallen by 83.65% over the last 30 days. And in the last five days, it has surged by 110.47%.
Currently, the stock price of Performant Healthcare Inc (PHLT) is $7.64. In the most recent trading session, the stock underwent a significant upswing, peaking at $8.0 after opening at $7.64. The stock touched a low of $6.0 before closing at $3.55.
Performant Healthcare Inc had a pretty favorable run when it comes to the market performance.
52-week price history of PHLT Stock
A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Performant Healthcare Inc’s current trading price is 72.07% away from its 52-week high, while its distance from the 52-week low is 252.07%. The stock’s price range over this timeframe has been between $2.17 and $4.44. The shares of the Healthcare sector company recorded a trading volume of approximately 16.8 million for the day, which was comparatively higher than the average daily volume of 0.19 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Performant Healthcare Inc (PHLT) has experienced a quarterly rise of 221.01% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 598.28M and boasts a workforce of 964 employees.
Expert Opinions: Analysts’ Ratings for Performant Healthcare Inc
As of right now, 3 analysts are rating Performant Healthcare Inc as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 1 analyst is recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.13, with a change in price of +5.14. Similarly, Performant Healthcare Inc recorded 340,706 in trading volume during the last 100 days, posting a change of +205.60%.
PHLT’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for PHLT stands at 0.11. Similarly, the long-term debt-to-equity ratio is also 0.11.
PHLT Stock Stochastic Average
The raw stochastic average for Performant Healthcare Inc over the last 50 days is presently at 98.07%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 97.71%. Further, the company’s Stochastic %K and %D values for the last 20 days were 40.03% and 17.81%, respectively.
