At the time of writing, Phathom Pharmaceuticals Inc [PHAT] stock is trading at $12.13, up 2.10%. An important factor to consider is whether the stock is rising or falling in short-term value. The PHAT shares have lost -0.74% over the last week, with a monthly amount glided 9.48%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Phathom Pharmaceuticals Inc [NASDAQ: PHAT] stock has seen the most recent analyst activity on May 03, 2024, when Stifel initiated its Buy rating and assigned the stock a price target of $24. Previously, Needham reaffirmed its Buy rating on January 05, 2024, and elevated its price target to $26. On August 09, 2023, H.C. Wainwright initiated with a Buy rating and assigned a price target of $28 on the stock. Evercore ISI upgraded its rating to a Outperform. Craig Hallum initiated its recommendation with a Buy and recommended $21 as its price target on March 13, 2023. Jefferies started tracking with a Buy rating for this stock on October 21, 2022, and assigned it a price target of $16. In a note dated May 06, 2022, Evercore ISI downgraded an In-line rating on this stock.
For the past year, the stock price of Phathom Pharmaceuticals Inc fluctuated between $6.07 and $17.02. Currently, Wall Street analysts expect the stock to reach $28.6 within the next 12 months. Phathom Pharmaceuticals Inc [NASDAQ: PHAT] shares were valued at $12.13 at the most recent close of the market. An investor can expect a potential return of 135.78% based on the average PHAT price forecast.
Analyzing the PHAT fundamentals
Gross Profit Margin for this corporation currently stands at 0.83% with Operating Profit Margin at -79.87%, Pretax Profit Margin comes in at -95.08%, and Net Profit Margin reading is -95.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.69, Equity is 4.46 and Total Capital is -0.66. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-3.16.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.68 points at the first support level, and at 11.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.51, and for the 2nd resistance point, it is at 12.89.
Ratios To Look Out For
It is important to note that Phathom Pharmaceuticals Inc [NASDAQ:PHAT] has a current ratio of 7.83. On the other hand, the Quick Ratio is 7.80, and the Cash Ratio is 7.41. Considering the valuation of this stock, the price to sales ratio is 274.17.
Transactions by insiders
Recent insider trading involved Curran Terrie, President and Chief Executive, that happened on Jul 15 ’24 when 33848.0 shares were sold. Chief Operating Officer, Nabulsi Azmi completed a deal on Jul 15 ’24 to sell 10901.0 shares. Meanwhile, CFO and CBO Henderson Molly sold 4325.0 shares on Jul 15 ’24.
