A share price of Palomar Holdings Inc [PLMR] is currently trading at $110.37, up 1.85%. An important factor to consider is whether the stock is rising or falling in short-term value. The PLMR shares have gain 8.73% over the last week, with a monthly amount drifted -1.60%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Palomar Holdings Inc [NASDAQ: PLMR] stock has seen the most recent analyst activity on April 08, 2024, when JP Morgan downgraded its rating to a Neutral and also boosted its price target to $85 from $79. Previously, Jefferies upgraded its rating to Buy on March 14, 2024, and elevated its price target to $88. On May 16, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $64 on the stock. Evercore ISI downgraded its rating to a In-line but stick to its price target of $52 on January 10, 2023. Jefferies initiated its recommendation with a Hold and recommended $55 as its price target on December 12, 2022. JMP Securities downgraded its rating to Mkt Perform for this stock on October 18, 2022. In a note dated October 12, 2022, Keefe Bruyette downgraded an Mkt Perform rating on this stock and boosted its target price from $88 to $90.
Palomar Holdings Inc experienced fluctuations in its stock price throughout the past year between $57.55 and $112.90. Currently, Wall Street analysts expect the stock to reach $119 within the next 12 months. Palomar Holdings Inc [NASDAQ: PLMR] shares were valued at $110.37 at the most recent close of the market. An investor can expect a potential return of 7.82% based on the average PLMR price forecast.
Analyzing the PLMR fundamentals
Trailing Twelve Months sales for Palomar Holdings Inc [NASDAQ:PLMR] were 503.50M which represents 62.95% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.2 and Total Capital is 0.07.
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 109.05 points at the first support level, and at 107.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 111.24, and for the 2nd resistance point, it is at 112.10.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Palomar Holdings Inc [NASDAQ:PLMR] is 1.59. Considering the valuation of this stock, the price to sales ratio is 5.80, the price to book ratio is 4.15 and price to earnings (TTM) ratio is 26.18.
Transactions by insiders
Recent insider trading involved Armstrong, Mac (PLMR), Officer, that happened on Jan 15 ’25 when 3200.0 shares were purchased. Chief Legal Officer, Grant Angela L. completed a deal on Jan 01 ’25 to sell 1505.0 shares. Meanwhile, CEO and Chairman Armstrong Mac sold 4170.0 shares on Jan 01 ’25.
