Over the past three months, Performant Financial Corporation [PFMT] ended the trading day at $0.65 and exhibited a change of 4.28% with a 24 hour trading and reached upto the volume of 457.22K compared to its recorded trading volume of 1.76 million. PFMT generated a 1 year amount change with -31.02%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by -22.81% with an amount shift of -55.89% over the last month.

On 10, November 2020, Performant Financial Corporation Announces Financial Results for Third Quarter 2020. According to news published on Yahoo Finance, Performant Financial Corporation (Nasdaq: PFMT), (the “Company”), a leading provider of technology-enabled recovery and related analytics services in the United States, today reported the following financial results for its third quarter ended September 30, 2020:.

Analyst Birdseye View:

The most recent analyst activity for Performant Financial Corporation [NASDAQ:PFMT] stock was on February 26, 2016, when it was Reiterated with a Neutral rating from Compass Point, which also lowered its 12-month price target on the stock from $3 to $2.50. On May 07, 2015, Compass Point Reiterated a Neutral rating and plunged its price target on this stock from $6 to $3.50. On February 27, 2015, Compass Point Downgrade a Neutral rating and decreased its price target from $10 to $6. On July 08, 2014, Compass Point Reiterated a Buy rating and increased its price target to $12. On February 06, 2013, Compass Point Reiterated a Buy rating and boosted its amount target on this stock to $15. On January 23, 2013, Compass Point Reiterated a Buy rating and boosted its target amount on this stock from $11 to $13. On December 19, 2012, Compass Point Initiated a Buy rating and amplified its amount target to $11.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.54 and a peak of $2.17. Right now, according to Wall Street analyst the average 12-month amount target is $3.00. At the most recent market close, shares of Performant Financial Corporation [NASDAQ:PFMT] were valued at $0.65.

FUNDAMENTAL ANALYSIS

Performant Financial Corporation [NASDAQ:PFMT] most recently reported quarterly sales of 36.23 billion, which represented growth of 0.80%. This publicly-traded organization’s revenue is $93,147 per employee, while its income is -$16,607 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -19.39, -40.99, -10.21 and -22.78 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 56.50 and the whole liability to whole assets at 50.15. It shows enduring liability to the whole principal at 51.55 and enduring liability to assets at 0.46 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 0.6020 points at 1st support level, the second support level is making up to 0.5557. But as of 1st resistance point, this stock is sitting at 0.6897 and at 0.7311 for 2nd resistance point.

Performant Financial Corporation [PFMT] reported its earnings at -$0.01 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.03/share signifying the difference of 0.02 and 66.70% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.04 calling estimates for -$0.06/share with the difference of 0.1 depicting the surprise of 166.70%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Performant Financial Corporation [NASDAQ:PFMT] is 0.70. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.26. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.36 and it’s amount to book ratio is 1.03.

Insider Stories

The most recent insider trade was by PRESCOTT GROUP CAPITAL MANAGEM, 10% Owner, and it was the purchase of 3.26 million shares on Mar 24. PRESCOTT GROUP CAPITAL MANAGEM, the 10% Owner, completed a purchase of 0.99 million shares on Mar 12. On Jan 29, PRESCOTT GROUP CAPITAL MANAGEM, 10% Owner, completed a purchase of 9639.0 shares.