Priority Technology Holdings Inc (PRTH) stock expected to rise by 43.96%: What’s driving the optimism?

Priority Technology Holdings Inc [PRTH] stock is trading at $9.03, down -4.65%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PRTH shares have gain 12.03% over the last week, with a monthly amount glided 4.51%, and seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Priority Technology Holdings Inc [NASDAQ: PRTH] stock has seen the most recent analyst activity on January 16, 2025, when Keefe Bruyette upgraded its rating to a Outperform and also boosted its price target to $14 from $10. Previously, B. Riley Securities upgraded its rating to Buy on December 15, 2023, and elevated its price target to $10. On October 16, 2023, Keefe Bruyette initiated with a Mkt Perform rating and assigned a price target of $4.50 on the stock. Lake Street started tracking the stock assigning a Buy rating and suggested a price target of $7 on July 31, 2023. B. Riley Securities started tracking with a Buy rating for this stock on March 30, 2022, and assigned it a price target of $14.

Priority Technology Holdings Inc [PRTH] stock has fluctuated between $2.82 and $12.44 over the past year. 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 $9.03 at the most recent close of the market. An investor can expect a potential return of 43.96% based on the average PRTH price forecast.

Analyzing the PRTH fundamentals

Priority Technology Holdings Inc [NASDAQ:PRTH] reported sales of 851.91M for the trailing twelve months, which represents a growth of 20.12%. 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 8.82 points at the first support level, and at 8.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.40, and for the 2nd resistance point, it is at 9.77.

Ratios To Look Out For

For context, Priority Technology Holdings Inc’s Current Ratio is 1.04. In addition, the Quick Ratio stands at 1.04 and the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 0.82.

Transactions by insiders

Recent insider trading involved Priore John Vito, Director, that happened on Jan 17 ’25 when 3.45 million shares were sold. Director, Priore John Vito completed a deal on Jan 21 ’25 to sell 1.24 million shares. Meanwhile, Chief Operating Officer Ram Ranjana sold 18385.0 shares on Jan 17 ’25.

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