Pennant Group Inc [NASDAQ: PNTG] surged by $1.36 during the normal trading session on while it closed the day at $33.83.
Pennant Group Inc stock has also loss -2.45% of its value over the past 7 days. However, PNTG stock has inclined by 42.44% in the 3 months of the year. Over the past six months meanwhile, it has gained 68.14% and gained 143.03% year-on date.
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The market cap for PNTG stock reached $1.14 billion, with 33.81 million shares outstanding and 32.32 million shares in the current float. Compared to the average trading volume of 222.84K shares, PNTG reached a trading volume of 2385196 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 Pennant Group Inc [PNTG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PNTG shares is $33.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PNTG stock is a recommendation set at 1.50. 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.
Stephens have made an estimate for Pennant Group Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 05, 2024. While these analysts kept the previous recommendation, Stifel raised their target price from $15 to $16. The new note on the price target was released on February 27, 2023, representing the official price target for Pennant Group Inc stock. Previously, the target price had yet another raise to $22, while Oppenheimer analysts kept a Outperform rating on PNTG stock. On June 21, 2022, analysts decreased their price target for PNTG shares from 23 to 17.
The Average True Range (ATR) for Pennant Group Inc is set at 1.59, with the Price to Sales ratio for PNTG stock in the period of the last 12 months amounting to 1.87. The Price to Book ratio for the last quarter was 6.56, with the Price to Cash per share for the same quarter was set at 0.09. Price to Free Cash Flow for PNTG in the course of the last twelve months was 137.48 with Quick ratio for the last quarter at 1.12.
PNTG stock trade performance evaluation
Pennant Group Inc [PNTG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.45. With this latest performance, PNTG shares gained by 3.11% in over the last four-week period, additionally plugging by 68.14% over the last 6 months – not to mention a rise of 209.80% 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 PNTG stock in for the last two-week period is set at 50.24, with the RSI for the last a single of trading hit 47.40, and the three-weeks RSI is set at 52.73 for Pennant Group Inc [PNTG]. The present Moving Average for the last 50 days of trading for this stock 32.52, while it was recorded at 33.86 for the last single week of trading, and 23.00 for the last 200 days.
Pennant Group Inc [PNTG]: An insightful look at the core fundamentals
Pennant Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.12 and a Current Ratio set at 1.12.
Earnings per share (EPS) analysis for Pennant Group Inc [PNTG] stock
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 PNTG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Pennant Group Inc go to 41.00%.
Pennant Group Inc [PNTG]: Institutional Ownership
There are presently around $88.26%, or 92.31%% of PNTG stock, in the hands of institutional investors. The top three institutional holders of PNTG stocks are: 8 KNOTS MANAGEMENT, LLC with ownership of 2.79 million shares, which is approximately 9.2965%. BLACKROCK INC., holding 2.23 million shares of the stock with an approximate value of $$51.64 million in PNTG stocks shares; and BLACKROCK INC., currently with $$45.54 million in PNTG stock with ownership which is approximately 6.5352%.
