How did Patria Investments Ltd (PAX) surprise investors with its report?

Patria Investments Ltd [PAX] stock is trading at $12.55, down -1.49%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PAX shares have gain 4.50% over the last week, with a monthly amount glided 2.37%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

On May 21, 2021, Itau BBA initiated with a Outperform rating and assigned a price target of $21 on the stock. JP Morgan started tracking the stock assigning a Neutral rating and suggested a price target of $23 on February 22, 2021. Keefe Bruyette initiated its recommendation with a Outperform and recommended $27 as its price target on February 17, 2021. Goldman started tracking with a Buy rating for this stock on February 17, 2021, and assigned it a price target of $28. In a note dated February 16, 2021, Credit Suisse initiated an Outperform rating and provided a target price of $26 on this stock.

Patria Investments Ltd [PAX] stock has fluctuated between $10.63 and $16.16 over the past year. Patria Investments Ltd [NASDAQ: PAX] shares were valued at $12.55 at the most recent close of the market.

Analyzing the PAX fundamentals

Patria Investments Ltd [NASDAQ:PAX] reported sales of 315.29M for the trailing twelve months, which represents a drop of -5.08%. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.13 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.34.

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 12.46 points at the first support level, and at 12.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.69, and for the 2nd resistance point, it is at 12.82.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 5.99, the price to book ratio is 3.70 and price to earnings (TTM) ratio is 23.01.

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