Perhaps timely catching Precipio Inc. (PRPO) would be a good idea

Precipio Inc. (NASDAQ: PRPO) stock jumped 4.76% on Friday to $1.54 against a previous-day closing price of $1.47. With 1.27 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.24 million shares. During the session, the Diagnostics & Research company that operates in wider Healthcare sector, reached to the highest price of $1.6900 whereas the lowest price it dropped to was $1.4700. The 52-week range on PRPO shows that it touched its highest point at $4.17 and its lowest point at $0.91 during that stretch. It currently has a 1-year price target of $4.00. Beta for the stock currently stands at 2.17.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PRPO was up-trending over the past week, with a rise of 32.76%, but this was up by 30.51% over a month. Three-month performance surged to 46.67% while six-month performance rose 17.56%. The stock lost -52.17% in the past year, while it has lost -2.53% so far this year. A look at the trailing 12-month EPS for PRPO yields -0.52 with Next year EPS estimates of 0.00. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 70.20%.

Float and Shares Shorts:

At present, 22.71 million PRPO shares are outstanding with a float of 21.98 million shares on hand for trading. On Jul 14, 2022, short shares totaled 0.13 million, which was 0.57% higher than short shares on Jun 14, 2022. In addition to Mr. Ilan Danieli as the firm’s Founder, Pres, CEO & Director, Mr. Ahmed Zaki Sabet serves as its Chief Operating Officer.

Institutional Ownership:

Through their ownership of 10.48% of PRPO’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.80% of PRPO, in contrast to 4.69% held by mutual funds. Shares owned by individuals account for 3.77%. As the largest shareholder in PRPO with 4.58% of the stake, The Vanguard Group, Inc. holds 1,039,510 shares worth 1,039,510. A second-largest stockholder of PRPO, BlackRock Fund Advisors, holds 627,476 shares, controlling over 2.76% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in PRPO, holding 257,126 shares or 1.13% stake. With a 2.92% stake in PRPO, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 662,055 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.55% of PRPO stock, is the second-largest Mutual Fund holder. It holds 352,392 shares valued at 0.37 million. Fidelity Extended Market Index Fu holds 0.56% of the stake in PRPO, owning 126,776 shares worth 0.13 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PRPO since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PRPO analysts setting a high price target of $4.00 and a low target of $4.00, the average target price over the next 12 months is $4.00. Based on these targets, PRPO could surge 159.74% to reach the target high and rise by 159.74% to reach the target low. Reaching the average price target will result in a growth of 159.74% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. PRPO will report FY 2022 earnings on 03/29/2023. Analysts have provided yearly estimates in a range of -$0.21 being high and -$0.21 being low. For PRPO, this leads to a yearly average estimate of -$0.21. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Based on analyst estimates, the high estimate for the next quarter is -$0.05 and the low estimate is -$0.05. The average estimate for the next quarter is thus -$0.05.

Summary of Insider Activity:

Insiders traded PRPO stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 6 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 8,063 while 0 shares were sold.

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