Protagonist Therapeutics Inc. (NASDAQ:PTGX) currently has a daily average trading volume of 1.63M but it saw 1149645 shares traded on Thursday. With a market cap of 1.40B USD, stock’s current market price of $25.36 came rising about 0.96 while comparing to the previous closing price of $25.12. In past 52 weeks, the stock remained buoying in the range of price level as high as $26.87 and as low as $6.91. In the recent trading on the day, stock has struck highest price mark of $26.54 while lowest mark touched by it was $25.34.
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Taking a look at 20-day trading activity of Protagonist Therapeutics Inc. (PTGX) gives us an average price of $24.91, while its current price level is -5.62% below from 52-week high level whereas it is 267.00% 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 $22.89 while that of 200 days or SMA-200 reads an average of $13.96. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.16% during that period while stretching the period over a month that increases to 5.03%. 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 56.72 which implies that the stock is in neutral territory.
Over the week, PTGX’s stock price is moving 1.28% up while it is 9.03% when we observe its performance for the past one month. Year-to-date it is 132.45% up and over the past year, the stock is showing an upside performance of 229.35%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.67 beat the consensus estimate of -$0.73 for the same. For PTGX, analysts are forecasting an EPS-growth rate of 8.10% for current year and estimate for EPS growth in next year is -5.00%. In next quarter, company is expected to be making quarterly sales of $8.33 million as analysts are expecting the sales for current fiscal year at $16.67 million and seeing the company making $19.17 million in sales next year.
Currently, Protagonist Therapeutics Inc.’s total number of outstanding shares is 50.57M with 1.67% of that held by the insiders while 104.10% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -60.90% and return on equity (ROE) at -59.40%. Stock’s beta reads 1.95. Stock has a price to book (P/B) ratio of 5.94 while price to sale or P/S ratio amounts to 1550.62. Its return on asset (ROA) is -51.90% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Total Stock Market ETF came shrinking its share ownership by 13.32% in the Protagonist Therapeutics Inc. (PTGX) increasing its stake to 2.94% with control over 0.19 million shares in the company. As per SEC documents, Vanguard Total Stock Market ETF sought 1,655,920 of company’s common stock of worth $37.42 million as per recent closing price of the stock. Vanguard Total Stock Market ETF is not the only institutional holder which restructured its stake in Protagonist Therapeutics Inc., as SPDR S&P Biotech ETF picked 1,322,008 shares of worth $29.88 million to bring its holdings to a total of 23155.0 shares. In the most recent quarter, iShares Russell 2000 ETF came cutting its stake by -1.44% in the company and now holds 0.99 million or 1.76% of the company’s stake having worth of about 22.38 million.
