Provident Bancorp Inc [PVBC] stock is trading at $12.26, up 1.57%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PVBC shares have gain 3.81% over the last week, with a monthly amount glided 9.27%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Provident Bancorp Inc [NASDAQ: PVBC] stock has seen the most recent analyst activity on November 16, 2022, when Stephens downgraded its rating to a Equal-Weight and also revised its price target to $12 from $18. Previously, Stephens started tracking the stock with Overweight rating on March 29, 2022, and set its price target to $20. On April 26, 2021, upgrade upgraded it’s rating to Overweight and revised its price target to $18 on the stock. Piper Sandler started tracking the stock assigning a Neutral rating and suggested a price target of $8.50 on September 10, 2020. Compass Point downgraded its rating to a Neutral but $12 remained the price target by the analyst firm on March 04, 2020. Compass Point started tracking with a Buy rating for this stock on October 18, 2019, and assigned it a price target of $13.
Provident Bancorp Inc [PVBC] stock has fluctuated between $9.48 and $12.96 over the past year. Currently, Wall Street analysts expect the stock to reach $12 within the next 12 months. Provident Bancorp Inc [NASDAQ: PVBC] shares were valued at $12.26 at the most recent close of the market. An investor can expect a potential drop of -2.12% based on the average PVBC price forecast.
Analyzing the PVBC fundamentals
Provident Bancorp Inc [NASDAQ:PVBC] reported sales of 93.94M for the trailing twelve months, which represents a drop of -6.12%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.02 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.56.
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 12.14 points at the first support level, and at 12.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.33, and for the 2nd resistance point, it is at 12.39.
Ratios To Look Out For
For context, Provident Bancorp Inc’s Current Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 2.30, the price to book ratio is 0.93 and price to earnings (TTM) ratio is 46.74.
Transactions by insiders
Recent insider trading involved POLLACK DENNIS, Director, that happened on Nov 11 ’24 when 5000.0 shares were purchased. Director, POLLACK DENNIS completed a deal on Nov 08 ’24 to buy 5000.0 shares. Meanwhile, Director POLLACK DENNIS bought 1950.0 shares on Sep 10 ’24.
