Privia Health Group Inc (PRVA) shares projected to rise by 48.33%

Privia Health Group Inc [PRVA] stock is trading at $22.80, up 7.04%. An important factor to consider is whether the stock is rising or falling in short-term value. The PRVA shares have gain 18.63% over the last week, with a monthly amount glided 29.91%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Privia Health Group Inc [NASDAQ: PRVA] stock has seen the most recent analyst activity on October 11, 2024, when KeyBanc Capital Markets initiated its Overweight rating and assigned the stock a price target of $23. Previously, Robert W. Baird started tracking the stock with Outperform rating on May 30, 2024, and set its price target to $23. On April 22, 2024, Citigroup initiated with a Buy rating and assigned a price target of $25 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $22 on March 06, 2024. BofA Securities downgraded its rating to Neutral for this stock on February 22, 2024, but kept the price target unchanged to $21. In a note dated December 06, 2023, JMP Securities initiated an Mkt Outperform rating and provided a target price of $27 on this stock.

Privia Health Group Inc [PRVA] stock has fluctuated between $15.92 and $24.35 over the past year. Currently, Wall Street analysts expect the stock to reach $33.82 within the next 12 months. Privia Health Group Inc [NASDAQ: PRVA] shares were valued at $22.80 at the most recent close of the market. An investor can expect a potential return of 48.33% based on the average PRVA price forecast.

Analyzing the PRVA fundamentals

Privia Health Group Inc [NASDAQ:PRVA] reported sales of 1.72B for the trailing twelve months, which represents a growth of 4.95%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.

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 21.94 points at the first support level, and at 21.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.26, and for the 2nd resistance point, it is at 23.72.

Ratios To Look Out For

For context, Privia Health Group Inc’s Current Ratio is 1.78. On the other hand, the Quick Ratio is 1.78, and the Cash Ratio is 0.88. Considering the valuation of this stock, the price to sales ratio is 1.51, the price to book ratio is 4.45 and price to earnings (TTM) ratio is 222.66.

Transactions by insiders

Recent insider trading involved Mehrotra Parth, Chief Executive Officer, that happened on Sep 10 ’24 when 0.14 million shares were sold. Officer, Mehrotra Parth completed a deal on Sep 10 ’24 to buy 0.14 million shares. Meanwhile, Director Boehler Adam bought 364.0 shares on Jun 11 ’24.

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