WBB Securities slashes price target on Paratek Pharmaceuticals Inc. [PRTK] – find out why.

Paratek Pharmaceuticals Inc. [NASDAQ: PRTK] closed the trading session at $2.22. The company report on November 21, 2022 that Paratek Pharmaceuticals to Present at the 5th Annual Evercore ISI HealthCONx Conference.

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A live audio webcast of Dr. Loh’s presentation will be available at https://wsw.com/webcast/evercore29/prtk/2402790.

The stocks have a year to date performance of -50.56 percent and weekly performance of 8.29 percent. The stock has been moved at 27.59 percent over the last six months. The stock has performed -37.46 percent around the most recent 30 days and changed -18.98 percent over the most recent 3-months.

If compared to the average trading volume of 379.95K shares, PRTK reached to a volume of 265558 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Paratek Pharmaceuticals Inc. [PRTK]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PRTK shares is $18.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PRTK stock is a recommendation set at 1.30. 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.

WBB Securities have made an estimate for Paratek Pharmaceuticals Inc. shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on February 10, 2022. While these analysts kept the previous recommendation, WBB Securities dropped their target price from $6 to $10. The new note on the price target was released on April 23, 2021, representing the official price target for Paratek Pharmaceuticals Inc. stock. Previously, the target price had yet another raise to $15, while Jefferies analysts kept a Buy rating on PRTK stock. On November 09, 2020, analysts increased their price target for PRTK shares from 19 to 22.

The Average True Range (ATR) for Paratek Pharmaceuticals Inc. is set at 0.20, with the Price to Sales ratio for PRTK stock in the period of the last 12 months amounting to 1.07.

PRTK stock trade performance evaluation

Paratek Pharmaceuticals Inc. [PRTK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.29. With this latest performance, PRTK shares dropped by -37.46% in over the last four-week period, additionally plugging by 27.59% over the last 6 months – not to mention a drop of -50.99% 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 PRTK stock in for the last two-week period is set at 41.55, with the RSI for the last a single of trading hit 44.14, and the three-weeks RSI is set at 42.24 for Paratek Pharmaceuticals Inc. [PRTK]. The present Moving Average for the last 50 days of trading for this stock 2.74, while it was recorded at 2.02 for the last single week of trading, and 2.63 for the last 200 days.

Paratek Pharmaceuticals Inc. [PRTK]: An insightful look at the core fundamentals

Paratek Pharmaceuticals Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.60 and a Current Ratio set at 3.10.

Paratek Pharmaceuticals Inc. [PRTK]: Insider Ownership positions

There are presently around $52 million, or 46.70% of PRTK stock, in the hands of institutional investors. The top three institutional holders of PRTK stocks are: AIGH CAPITAL MANAGEMENT LLC with ownership of 3,887,172, which is approximately 14.762% of the company’s market cap and around 7.10% of the total institutional ownership; VANGUARD GROUP INC, holding 2,174,625 shares of the stock with an approximate value of $4.83 million in PRTK stocks shares; and OMEGA FUND MANAGEMENT, LLC, currently with $4.38 million in PRTK stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Paratek Pharmaceuticals Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 30 institutional holders increased their position in Paratek Pharmaceuticals Inc. [NASDAQ:PRTK] by around 2,947,264 shares. Additionally, 40 investors decreased positions by around 2,433,469 shares, while 24 investors held positions by with 18,089,810 shares. The mentioned changes placed institutional holdings at 23,470,543 shares, according to the latest SEC report filing. PRTK stock had 7 new institutional investments in for a total of 311,882 shares, while 17 institutional investors sold positions of 1,463,754 shares during the same period.


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