Precipio Inc. [PRPO] Stock trading around $3.77 per share: What’s Next?

Precipio Inc. [NASDAQ: PRPO] stock went on a downward path that fall over -5.51% on Tuesday, amounting to a one-week price decrease of less than -9.59%. The company report on June 15, 2021 that Precipio Terminates its Equity Line.

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Specialty diagnostics Company Precipio, Inc. (NASDAQ: PRPO), announces that as part of management’s review of its current financing arrangements, it has terminated the equity line financing structure it had in place with Lincoln Park Capital.

The equity line was used by Precipio to fund day-to-day operations and cover its operational cash burn that was required for the Company’s continued growth. With the Company’s current situation – growing revenues, improved gross margins, improving cash from gross profits – combined with our current cash position, management currently does not anticipate the need for additional capital raises of the type that Lincoln Park has provided us.

Over the last 12 months, PRPO stock rose by 233.63%. The one-year Precipio Inc. stock forecast points to a potential upside of 43.31. The average equity rating for PRPO stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $84.71 million, with 18.13 million shares outstanding and 17.93 million shares in the current float. Compared to the average trading volume of 14.34M shares, PRPO stock reached a trading volume of 10630884 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Precipio Inc. [PRPO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PRPO shares is $6.65 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PRPO stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Average True Range (ATR) for Precipio Inc. is set at 0.54, with the Price to Sales ratio for PRPO stock in the period of the last 12 months amounting to 12.64. The Price to Book ratio for the last quarter was 4.65, with the Price to Cash per share for the same quarter was set at 0.10.

PRPO Stock Performance Analysis:

Precipio Inc. [PRPO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.59. With this latest performance, PRPO shares dropped by -5.75% in over the last four-week period, additionally plugging by 65.35% over the last 6 months – not to mention a rise of 233.63% 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 PRPO stock in for the last two-week period is set at 51.98, with the RSI for the last a single of trading hit 50.79, and the three-weeks RSI is set at 52.83 for Precipio Inc. [PRPO]. The present Moving Average for the last 50 days of trading for this stock 3.21, while it was recorded at 3.84 for the last single week of trading, and 2.60 for the last 200 days.

Insight into Precipio Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Precipio Inc. [PRPO] shares currently have an operating margin of -150.13 and a Gross Margin at +18.88. Precipio Inc.’s Net Margin is presently recorded at -174.41.

Return on Total Capital for PRPO is now -60.54, given the latest momentum, and Return on Invested Capital for the company is -74.45. Return on Equity for this stock declined to -77.72, with Return on Assets sitting at -52.83. When it comes to the capital structure of this company, Precipio Inc. [PRPO] has a Total Debt to Total Equity ratio set at 10.55. Additionally, PRPO Total Debt to Total Capital is recorded at 9.54, with Total Debt to Total Assets ending up at 7.20. Long-Term Debt to Equity for the company is recorded at 4.03, with the Long-Term Debt to Total Capital now at 3.65.

Reflecting on the efficiency of the workforce at the company, Precipio Inc. [PRPO] managed to generate an average of -$186,404 per employee. Receivables Turnover for the company is 7.39 with a Total Asset Turnover recorded at a value of 0.30.Precipio Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.90.

PRPO Stock EPS

With the latest financial reports released by the company, Precipio Inc. posted -0.78/share EPS, while the average EPS was predicted by analysts to be reported at -0.18/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -333.30%. 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 PRPO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Precipio Inc. go to 20.00%.

Precipio Inc. [PRPO] Insider Position Details

There are presently around $4 million, or 4.90% of PRPO stock, in the hands of institutional investors. The top three institutional holders of PRPO stocks are: VANGUARD GROUP INC with ownership of 483,205, which is approximately 24.016% of the company’s market cap and around 0.10% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 336,200 shares of the stock with an approximate value of $1.27 million in PRPO stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $0.51 million in PRPO stock with ownership of nearly 57.857% of the company’s market capitalization.

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Positions in Precipio Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 7 institutional holders increased their position in Precipio Inc. [NASDAQ:PRPO] by around 416,867 shares. Additionally, 6 investors decreased positions by around 99,540 shares, while 3 investors held positions by with 589,182 shares. The mentioned changes placed institutional holdings at 1,105,589 shares, according to the latest SEC report filing. PRPO stock had 2 new institutional investments in for a total of 16,955 shares, while 2 institutional investors sold positions of 59,295 shares during the same period.

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