Priority Technology Holdings Inc. [NASDAQ: PRTH] gained 18.29% or 0.97 points to close at $6.30 with a heavy trading volume of 1967810 shares. The company report on November 13, 2020 that Priority Technology Holdings, Inc. Announces Third Quarter 2020 Financial Results.
Strong Financial Performance and Continued Growth.
Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority” or the “Company”), a leading provider of merchant acquiring, integrated payment software and commercial payment solutions, announced its third quarter financial results including strong year-over-year revenue growth of 16.1% and deleveraging during the quarter of $124 million.
It opened the trading session at $5.24, the shares rose to $7.93 and dropped to $5.15, the range by which the price of stock traded the whole day. The daily chart for PRTH points out that the company has recorded 180.22% gains over the past six months. However, it is still -373.68% lower than its most recent low trading price.
If we look at the average trading volume of 95.39K shares, PRTH reached to a volume of 1967810 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Priority Technology Holdings Inc. [PRTH]:
ROTH Capital have made an estimate for Priority Technology Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 30, 2020. While these analysts kept the previous recommendation, ROTH Capital raised their target price to Buy. The new note on the price target was released on October 11, 2019, representing the official price target for Priority Technology Holdings Inc. stock.
The Average True Range (ATR) for Priority Technology Holdings Inc. is set at 0.68, with the Price to Sales ratio for PRTH stock in the period of the last 12 months amounting to 1.15.
Trading performance analysis for PRTH stock
Priority Technology Holdings Inc. [PRTH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 35.59. With this latest performance, PRTH shares gained by 130.11% in over the last four-week period, additionally plugging by 180.22% over the last 6 months – not to mention a rise of 108.77% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PRTH stock in for the last two-week period is set at 72.96, with the RSI for the last a single of trading hit 73.52, and the three-weeks RSI is set at 71.70 for Priority Technology Holdings Inc. [PRTH]. The present Moving Average for the last 50 days of trading for this stock 3.32, while it was recorded at 5.39 for the last single week of trading, and 2.44 for the last 200 days.
Priority Technology Holdings Inc. [PRTH]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Priority Technology Holdings Inc. [PRTH] shares currently have an operating margin of +3.46 and a Gross Margin at +10.21. Priority Technology Holdings Inc.’s Net Margin is presently recorded at -9.03.
Return on Total Capital for PRTH is now 3.74, given the latest momentum, and Return on Invested Capital for the company is -9.94. Additionally, PRTH Total Debt to Total Capital is recorded at 134.78, with Total Debt to Total Assets ending up at 103.04.
Reflecting on the efficiency of the workforce at the company, Priority Technology Holdings Inc. [PRTH] managed to generate an average of -$57,124 per employee. Receivables Turnover for the company is 8.65 with a Total Asset Turnover recorded at a value of 0.86.Priority Technology Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.
An analysis of insider ownership at Priority Technology Holdings Inc. [PRTH]
There are presently around $25 million, or 6.50% of PRTH stock, in the hands of institutional investors. The top three institutional holders of PRTH stocks are: TIMESSQUARE CAPITAL MANAGEMENT, LLC with ownership of 2,190,010, which is approximately -2.805% of the company’s market cap and around 3.40% of the total institutional ownership; BLUECREST CAPITAL MANAGEMENT LTD, holding 390,084 shares of the stock with an approximate value of $2.46 million in PRTH stocks shares; and BLACKROCK INC., currently with $2.02 million in PRTH stock with ownership of nearly -3.535% of the company’s market capitalization.
Positions in Priority Technology Holdings Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 11 institutional holders increased their position in Priority Technology Holdings Inc. [NASDAQ:PRTH] by around 184,411 shares. Additionally, 18 investors decreased positions by around 202,681 shares, while 8 investors held positions by with 3,649,817 shares. The mentioned changes placed institutional holdings at 4,036,909 shares, according to the latest SEC report filing. PRTH stock had 2 new institutional investments in for a total of 11,421 shares, while 4 institutional investors sold positions of 67,565 shares during the same period.