Perfect Corp. (NYSE: PERF) stock fell -39.15% on Tuesday to $5.27 against a previous-day closing price of $8.66. With 0.69 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.13 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $8.85 whereas the lowest price it dropped to was $4.90. The 52-week range on PERF shows that it touched its highest point at $21.03 and its lowest point at $6.52 during that stretch.
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 PERF was down-trending over the past week, with a drop of -47.04%, but this was down by -33.50% over a month. Three-month performance dropped to -46.82% while six-month performance fell -46.44%. The stock lost -46.00% in the past year, while it has lost -46.50% so far this year.
Float and Shares Shorts:
At present, 118.26 million PERF shares are outstanding with a float of 99.33 million shares on hand for trading.
Other institutions hold 31.99% of PERF, in contrast to 0.96% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in PERF with 10.73% of the stake, Alibaba Group Holding Ltd. holds 10,887,904 shares worth 10,887,904. A second-largest stockholder of PERF, Goldman Sachs & Co. LLC, holds 8,065,686 shares, controlling over 7.95% of the firm’s shares. Marshall Wace LLP is the third largest shareholder in PERF, holding 1,092,762 shares or 1.08% stake. With a 0.53% stake in PERF, the Sycomore L/S Opportunities is the largest stakeholder. A total of 540,000 shares are owned by the mutual fund manager. The Lumyna – MW TOPS UCITS Fund, which owns about 0.15% of PERF stock, is the second-largest Mutual Fund holder. It holds 149,568 shares valued at 1.64 million. Lumyna – MW Systematic Alpha UCIT holds 0.09% of the stake in PERF, owning 89,758 shares worth 0.99 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PERF since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 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 PERF analysts setting a high price target of $7.80 and a low target of $7.80, the average target price over the next 12 months is $7.80. Based on these targets, PERF could surge 48.01% to reach the target high and rise by 48.01% to reach the target low. Reaching the average price target will result in a growth of 48.01% 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. Analysts have provided yearly estimates in a range of $0.04 being high and $0.04 being low. For PERF, this leads to a yearly average estimate of $0.04.