Renaissance Technologies LLC has recently announced that it has increased stake in Precipio Inc. (NASDAQ:PRPO) by 13.86%. After grabbing 23000.0 shares, the institutional investor is now in possession of 2800.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 0.10% having worth around $17641.0.
Precipio Inc. (PRPO) concluded trading on 01/11/23 at a closing price of $0.66, with 0.47 million shares of worth about $0.31 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -45.00% during that period and on Wednesday the price saw a gain of about 7.21%. Currently the company’s common shares owned by public are about 22.77M shares, out of which, 22.10M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the PRPO stock and their offered price forecasts bring an average price target of $4.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $4.00 and could fall to a lowest price of $4.00. However, touching the estimated high of $4.00 would mean a gain of 83.5% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 4 times over the past 12 months. They bought 15,095 shares in 4 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Precipio Inc. Vanguard Total Stock Market Index is currently holding 0.66 million shares of worth totaling $0.51 million. The company recently came buying 0.0 shares which brought its stake up to 2.90% of the company’s outstanding shares. Fidelity Extended Market Index Fu, after buying 0.13 million shares, have now control over 0.55% of the stake in the company. It holds 0.0 shares of worth $95933.0.
However, the stock later moved at a day high price of 0.7202, or with a gain of 7.21%. Stock saw a price change of 7.47% in past 5 days and over the past one month there was a price change of -1.71%. Year-to-date (YTD), PRPO shares are showing a performance of 19.70% which decreased to -57.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.47 but also hit the highest price of $1.77 during that period. The average intraday trading volume for Precipio Inc. shares is 48.46K. The stock is currently trading 12.43% above its 20-day simple moving average (SMA20), while that difference is down -6.24% for SMA50 and it goes to -34.92% lower than SMA200.
Renaissance Technologies LLC acquired 23000.0 shares of Precipio Inc. having value of about $17641.0. Data submitted at the U.S SEC by Renaissance Technologies LLC revealed that the firm now holds 2800.0 shares in the company valued at close to $1848.0, or have control over 13.86% stake in the company. Precipio Inc. (NASDAQ: PRPO) currently have 22.77M outstanding shares and institutions hold larger chunk of about 9.60% of that. Holding of mutual funds in the company is about 3.97% while other institutional holders and individual stake holders have control over 5.74% and 3.90% of the stake respectively.
The stock has a current market capitalization of $15.01M and its 3Y-monthly beta is at 2.20. It has posted earnings per share of -$0.53 in the same period. It has Quick Ratio of 1.50 while making debt-to-equity ratio of 0.04. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PRPO, volatility over the week remained 10.24% while standing at 11.90% over the month.
Analysts are in expectations that Precipio Inc. (PRPO) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is -$0.19 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.21 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 52.30% while it is estimated to increase by 48.60% in next year. EPS is likely to shrink at an annualized rate of 20.00% for next 5-years, compared to annual growth of 70.20% made by the stock over the past 5-years.
Analysts at 1 brokerage firms have issued recommendations for the Precipio Inc. (PRPO)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
