PAVmed Inc. (NASDAQ:PAVM) currently has a daily average trading volume of 429.51K but it saw 853230 shares traded on Wednesday. With a market cap of 39.53M USD, stock’s current market price of $0.38 came falling about -7.54 while comparing to the previous closing price of $0.41. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.34 and as low as $0.35. In the recent trading on the day, stock has struck highest price mark of $0.4159 while lowest mark touched by it was $0.3761.
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Taking a look at 20-day trading activity of PAVmed Inc. (PAVM) gives us an average price of $0.4773, while its current price level is -83.76% below from 52-week high level whereas it is 8.57% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.4411 while that of 200 days or SMA-200 reads an average of $0.7380. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.99% during that period while stretching the period over a month that increases to 11.96%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 33.77 which implies that the stock is in neutral territory.
PAVmed Inc. (PAVM)’s stock is currently under the radar of 4 analysts who are in consensus at a 12-month price target range of between $1.40 and $7.75 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $1.40 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $7.75. Average price target assigned by them is $3.04 which highlights an upside potential of 87.5% for the stock over that period. And to attain the median price target of $1.50 assigned by those analysts, stock has to add about 74.67% of value to its current levels.
Data by FactSet Research shows that 4 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 1 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, PAVM’s stock price is moving -17.39% down while it is -20.95% when we observe its performance for the past one month. Year-to-date it is -20.83% down and over the past year, the stock is showing a downside performance of -62.75%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.19 beat the consensus estimate of -$0.21 for the same. The company is expected to be releasing its next quarterly report in 08/15/2023, for which analysts forecasted an EPS of -$0.19 while estimate for next year EPS is -$0.84. For PAVM, analysts are forecasting an EPS-growth rate of 16.00% for current year and estimate for EPS growth in next year is 22.60%. In next quarter, company is expected to be making quarterly sales of $830k as analysts are expecting the sales for current fiscal year at $2.92 million and seeing the company making $9.68 million in sales next year. Moreover, analysts are in estimates of $530k for current-quarter revenue.
Currently, PAVmed Inc.’s total number of outstanding shares is 97.09M with 9.66% of that held by the insiders while 9.88% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -430.20%. Stock’s beta reads 0.87. Stock has a price to sale or P/S ratio amounts to 65.88. Its return on asset (ROA) is -131.80% on average.
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