Paltalk Inc [NASDAQ: PALT] stock went on a downward path that fall over -4.05% on Friday, amounting to a one-week price increase of more than 29.96%. The company report on November 7, 2023 at 4:00 PM that Paltalk, Inc. Reports an Increase in Revenue of 5.5% in Third Quarter 2023.
Generated Positive Cash Flow from Operations for Quarter.
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Over the last 12 months, PALT stock rose by 71.11%. The one-year Paltalk Inc stock forecast points to a potential upside of 38.4. The average equity rating for PALT stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $28.40 million, with 9.23 million shares outstanding and 5.90 million shares in the current float. Compared to the average trading volume of 34.75K shares, PALT stock reached a trading volume of 373706 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Paltalk Inc [PALT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PALT shares is $5.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PALT stock is a recommendation set at 1.00. 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 Paltalk Inc is set at 0.23, with the Price to Sales ratio for PALT stock in the period of the last 12 months amounting to 2.56. The Price to Book ratio for the last quarter was 1.40, with the Price to Cash per share for the same quarter was set at 1.48.
PALT Stock Performance Analysis:
Paltalk Inc [PALT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 29.96. With this latest performance, PALT shares gained by 57.95% in over the last four-week period, additionally plugging by 73.03% over the last 6 months – not to mention a rise of 71.11% 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 PALT stock in for the last two-week period is set at 81.63, with the RSI for the last a single of trading hit 82.44, and the three-weeks RSI is set at 79.49 for Paltalk Inc [PALT]. The present Moving Average for the last 50 days of trading for this stock 2.03, while it was recorded at 2.72 for the last single week of trading, and 2.06 for the last 200 days.
Insight into Paltalk Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Paltalk Inc [PALT] shares currently have an operating margin of -33.28 and a Gross Margin at +68.20. Paltalk Inc’s Net Margin is presently recorded at -31.05.
Return on Total Capital for PALT is now -15.76, given the latest momentum, and Return on Invested Capital for the company is -14.75. Return on Equity for this stock declined to -14.83, with Return on Assets sitting at -12.53. When it comes to the capital structure of this company, Paltalk Inc [PALT] has a Total Debt to Total Equity ratio set at 0.76. Additionally, PALT Total Debt to Total Capital is recorded at 0.75, with Total Debt to Total Assets ending up at 0.62. Long-Term Debt to Equity for the company is recorded at 0.37, with the Long-Term Debt to Total Capital now at 0.36.
Reflecting on the efficiency of the workforce at the company, Paltalk Inc [PALT] managed to generate an average of -$179,592 per employee. Receivables Turnover for the company is 79.71 with a Total Asset Turnover recorded at a value of 0.40.Paltalk Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.88 and a Current Ratio set at 4.88.
Paltalk Inc [PALT] Institutonal Ownership Details
The top three institutional holders of PALT stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in PALT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in PALT stock with ownership which is approximately 5.8325%.
