At the time of writing, Priority Technology Holdings Inc [PRTH] stock is trading at $10.83, up 17.46%. An important factor to consider is whether the stock is rising or falling in short-term value. The PRTH shares have gain 21.94% over the last week, with a monthly amount glided 43.08%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Priority Technology Holdings Inc [NASDAQ: PRTH] stock has seen the most recent analyst activity on December 15, 2023, when B. Riley Securities upgraded its rating to a Buy and also boosted its price target to $10 from $5. Previously, Keefe Bruyette started tracking the stock with Mkt Perform rating on October 16, 2023, and set its price target to $4.50. On July 31, 2023, Lake Street initiated with a Buy rating and assigned a price target of $7 on the stock. B. Riley Securities initiated its recommendation with a Buy and recommended $14 as its price target on March 30, 2022. In a note dated February 25, 2021, Alliance Global Partners initiated an Buy rating and provided a target price of $16 on this stock.
For the past year, the stock price of Priority Technology Holdings Inc fluctuated between $2.82 and $10.44. Currently, Wall Street analysts expect the stock to reach $13 within the next 12 months. Priority Technology Holdings Inc [NASDAQ: PRTH] shares were valued at $10.83 at the most recent close of the market. An investor can expect a potential return of 20.04% based on the average PRTH price forecast.
Analyzing the PRTH fundamentals
According to Priority Technology Holdings Inc [NASDAQ:PRTH], the company’s sales were 851.91M for trailing twelve months, which represents an 20.12% jump. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.73 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-13.44.
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 9.78 points at the first support level, and at 8.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.51, and for the 2nd resistance point, it is at 12.20.
Ratios To Look Out For
It is important to note that Priority Technology Holdings Inc [NASDAQ:PRTH] has a current ratio of 1.04. On the other hand, the Quick Ratio is 1.04, and the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 1.15.
Transactions by insiders
Recent insider trading involved Kiewiet Sean, Chief Strategy Officer, that happened on Dec 17 ’24 when 100.0 shares were sold. Chief Strategy Officer, Kiewiet Sean completed a deal on Dec 11 ’24 to sell 100.0 shares. Meanwhile, Chief Strategy Officer Kiewiet Sean sold 3764.0 shares on Dec 05 ’24.
