At the time of writing, Prothena Corporation plc [PRTA] stock is trading at $17.59, up 14.97%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PRTA shares have gain 6.61% over the last week, with a monthly amount drifted -12.27%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Prothena Corporation plc [NASDAQ: PRTA] stock has seen the most recent analyst activity on January 30, 2024, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $38 from $68. Previously, Deutsche Bank started tracking the stock with Buy rating on December 12, 2023, and set its price target to $62. On April 24, 2023, SVB Securities initiated with a Outperform rating and assigned a price target of $80 on the stock. Piper Sandler started tracking the stock assigning a Overweight rating and suggested a price target of $94 on January 27, 2023. RBC Capital Mkts downgraded its rating to a Sector Perform and raised its price target to $55 on November 04, 2022. BofA Securities upgraded its rating to Buy for this stock on September 28, 2022. In a note dated November 19, 2021, JMP Securities initiated an Mkt Outperform rating and provided a target price of $77 on this stock.
For the past year, the stock price of Prothena Corporation plc fluctuated between $15.30 and $41.54. Currently, Wall Street analysts expect the stock to reach $58.5 within the next 12 months. Prothena Corporation plc [NASDAQ: PRTA] shares were valued at $17.59 at the most recent close of the market. An investor can expect a potential return of 232.58% based on the average PRTA price forecast.
Analyzing the PRTA fundamentals
According to Prothena Corporation plc [NASDAQ:PRTA], the company’s sales were 217.25M for trailing twelve months, which represents an 3184.75% jump. Gross Profit Margin for this corporation currently stands at 0.92% with Operating Profit Margin at -0.42%, Pretax Profit Margin comes in at -0.28%, and Net Profit Margin reading is -0.23%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.09 and Total Capital is -0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
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 16.33 points at the first support level, and at 15.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.53, and for the 2nd resistance point, it is at 19.48.
Ratios To Look Out For
It is important to note that Prothena Corporation plc [NASDAQ:PRTA] has a current ratio of 12.54. In addition, the Quick Ratio stands at 12.54 and the Cash Ratio stands at 12.07. Considering the valuation of this stock, the price to sales ratio is 4.35, the price to book ratio is 1.63.
Transactions by insiders
Recent insider trading involved Walker Karin L, Chief Accounting Officer, that happened on Jan 24 ’24 when 5000.0 shares were sold. Chief Accounting Officer, Walker Karin L completed a deal on Dec 20 ’23 to sell 5000.0 shares. Meanwhile, Chief Accounting Officer Walker Karin L sold 5000.0 shares on Nov 30 ’23.
