A share price of Palomar Holdings Inc [PLMR] is currently trading at $125.04, up 14.73%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PLMR shares have gain 12.92% over the last week, with a monthly amount glided 18.50%, and 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 $59.08 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 $125.04 at the most recent close of the market. An investor can expect a potential drop of -4.83% based on the average PLMR price forecast.
Analyzing the PLMR fundamentals
Trailing Twelve Months sales for Palomar Holdings Inc [NASDAQ:PLMR] were 553.86M which represents 47.79% 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 116.93 points at the first support level, and at 108.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 130.76, and for the 2nd resistance point, it is at 136.49.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Palomar Holdings Inc [NASDAQ:PLMR] is 1.32. Considering the valuation of this stock, the price to sales ratio is 5.97, the price to book ratio is 4.55 and price to earnings (TTM) ratio is 27.90.
Transactions by insiders
Recent insider trading involved CHRISTOPHER UCHIDA, Officer, that happened on Feb 13 ’25 when 3804.0 shares were purchased. CEO and Chairman, Armstrong Mac completed a deal on Jan 31 ’25 to sell 2237.0 shares. Meanwhile, President Christianson Jon sold 356.0 shares on Jan 31 ’25.
