Views of Wall Street’s Leading Experts on PLx Pharma Inc.

PLx Pharma Inc. (NASDAQ: PLXP) stock fell -36.68% on Friday to $1.64 against a previous-day closing price of $2.59. With 2.68 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.18 million shares. During the session, the Drug Manufacturers – Specialty & Generic company that operates in wider Healthcare sector, reached to the highest price of $2.0000 whereas the lowest price it dropped to was $1.5000. The 52-week range on PLXP shows that it touched its highest point at $21.19 and its lowest point at $1.81 during that stretch. It currently has a 1-year price target of $14.00. Beta for the stock currently stands at 3.84.

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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 PLXP was down-trending over the past week, with a drop of -25.11%, but this was down by -18.00% over a month. Three-month performance dropped to -19.21% while six-month performance fell -74.57%. The stock lost -90.34% in the past year, while it has lost -79.53% so far this year. A look at the trailing 12-month EPS for PLXP yields -1.86 with Next year EPS estimates of -0.94. For the next quarter, that number is -0.44. This implies an EPS growth rate of -17.90% for this year and 46.90% for next year. EPS is expected to grow by 40.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -12.90%.


Float and Shares Shorts:

At present, 27.54 million PLXP shares are outstanding with a float of 23.05 million shares on hand for trading. On Jul 14, 2022, short shares totaled 1.55 million, which was 5.62% higher than short shares on Jun 14, 2022. In addition to Mr. Michael J. Valentino as the firm’s Exec. Chairman, Ms. Natasha Giordano serves as its CEO, Pres & Director.

Institutional Ownership:

Through their ownership of 41.44% of PLXP’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.84% of PLXP, in contrast to 6.04% held by mutual funds. Shares owned by individuals account for 33.20%. As the largest shareholder in PLXP with 8.80% of the stake, White Rock Capital Management LP holds 2,422,900 shares worth 2,422,900. A second-largest stockholder of PLXP, MSD Partners LP, holds 1,875,000 shares, controlling over 6.81% of the firm’s shares. Park West Asset Management LLC is the third largest shareholder in PLXP, holding 1,473,218 shares or 5.35% stake. With a 2.65% stake in PLXP, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 728,870 shares are owned by the mutual fund manager. The Nordea 1 – Global Small Cap Fund, which owns about 1.21% of PLXP stock, is the second-largest Mutual Fund holder. It holds 333,944 shares valued at 0.74 million. Vanguard Extended Market Index Fu holds 1.20% of the stake in PLXP, owning 329,367 shares worth 0.73 million.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PLXP since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 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 PLXP analysts setting a high price target of $21.00 and a low target of $10.00, the average target price over the next 12 months is $14.00. Based on these targets, PLXP could surge 1180.49% to reach the target high and rise by 509.76% to reach the target low. Reaching the average price target will result in a growth of 753.66% 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. PLXP will report FY 2022 earnings on 03/10/2023. Analysts have provided yearly estimates in a range of -$1.80 being high and -$1.97 being low. For PLXP, this leads to a yearly average estimate of -$1.86. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. PLx Pharma Inc. surprised analysts by $0.04 when it reported -$0.52 EPS against a consensus estimate of -$0.56. The surprise factor in the prior quarter was $0.33. Based on analyst estimates, the high estimate for the next quarter is -$0.42 and the low estimate is -$0.47. The average estimate for the next quarter is thus -$0.44.

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