Protalix BioTherapeutics Inc. [AMEX: PLX] slipped around -0.26 points on Thursday, while shares priced at $2.22 at the close of the session, down -10.48%. The company report on June 3, 2021 that PLX: BALANCE: Interim Analysis.
By John Vandermosten, CFA.
Protalix BioTherapeutics Inc. stock is now -38.84% down from its year-to-date (YTD) trading value. PLX Stock saw the intraday high of $2.45 and lowest of $2.19 per share. The company’s 52-week high price is 7.02, which means current price is +1.37% above from all time high which was touched on 02/10/21.
Compared to the average trading volume of 1.36M shares, PLX reached a trading volume of 3852868 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Protalix BioTherapeutics Inc. [PLX]?
H.C. Wainwright have made an estimate for Protalix BioTherapeutics Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 08, 2020. While these analysts kept the previous recommendation, Rodman & Renshaw raised their target price from $4 to $5. The new note on the price target was released on April 17, 2017, representing the official price target for Protalix BioTherapeutics Inc. stock. Previously, the target price had yet another raise to $3.50, while Rodman & Renshaw analysts kept a Buy rating on PLX stock. On April 23, 2015, analysts increased their price target for PLX shares from 2 to 2.60.
The Average True Range (ATR) for Protalix BioTherapeutics Inc. is set at 0.31, with the Price to Sales ratio for PLX stock in the period of the last 12 months amounting to 1.60.
How has PLX stock performed recently?
Protalix BioTherapeutics Inc. [PLX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -24.49. With this latest performance, PLX shares dropped by -24.75% in over the last four-week period, additionally sinking by -36.57% over the last 6 months – not to mention a drop of -35.47% 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 PLX stock in for the last two-week period is set at 27.54, with the RSI for the last a single of trading hit 23.68, and the three-weeks RSI is set at 31.01 for Protalix BioTherapeutics Inc. [PLX]. The present Moving Average for the last 50 days of trading for this stock 4.13, while it was recorded at 2.72 for the last single week of trading, and 4.02 for the last 200 days.
Protalix BioTherapeutics Inc. [PLX]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Protalix BioTherapeutics Inc. [PLX] shares currently have an operating margin of +4.31 and a Gross Margin at +82.71. Protalix BioTherapeutics Inc.’s Net Margin is presently recorded at -10.37.
Additionally, PLX Total Debt to Total Capital is recorded at 172.36, with Total Debt to Total Assets ending up at 94.80.
Reflecting on the efficiency of the workforce at the company, Protalix BioTherapeutics Inc. [PLX] managed to generate an average of -$31,512 per employee. Receivables Turnover for the company is 18.78 with a Total Asset Turnover recorded at a value of 1.11.
Earnings analysis for Protalix BioTherapeutics Inc. [PLX]
With the latest financial reports released by the company, Protalix BioTherapeutics Inc. posted -0.13/share EPS, while the average EPS was predicted by analysts to be reported at -0.2/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 35.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PLX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Protalix BioTherapeutics Inc. go to 25.00%.
Insider trade positions for Protalix BioTherapeutics Inc. [PLX]
There are presently around $20 million, or 10.80% of PLX stock, in the hands of institutional investors. The top three institutional holders of PLX stocks are: PSAGOT INVESTMENT HOUSE LTD. with ownership of 3,095,741, which is approximately 558.311% of the company’s market cap and around 27.50% of the total institutional ownership; BURRAGE CAPITAL MANAGEMENT LLC, holding 2,125,585 shares of the stock with an approximate value of $4.72 million in PLX stocks shares; and DAFNA CAPITAL MANAGEMENT LLC, currently with $2.67 million in PLX stock with ownership of nearly New of the company’s market capitalization.
Positions in Protalix BioTherapeutics Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 29 institutional holders increased their position in Protalix BioTherapeutics Inc. [AMEX:PLX] by around 5,186,897 shares. Additionally, 7 investors decreased positions by around 452,391 shares, while 5 investors held positions by with 3,181,871 shares. The mentioned changes placed institutional holdings at 8,821,159 shares, according to the latest SEC report filing. PLX stock had 19 new institutional investments in for a total of 1,967,220 shares, while 4 institutional investors sold positions of 105,743 shares during the same period.