Predictive Oncology Inc. (NASDAQ: POAI) stock fell -0.32% on Wednesday to $3.14 against a previous-day closing price of $3.15. With 0.11 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.17 million shares. The 52-week range on POAI shows that it touched its highest point at $13.88 and its lowest point at $2.47 during that stretch. It currently has a 1-year price target of $5.00. Beta for the stock currently stands at 1.33.
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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 POAI was up-trending over the past week, with a rise of 8.65%, but this was up by 0.80% over a month. Three-month performance dropped to -64.13% while six-month performance fell -46.78%. The stock lost -58.68% in the past year, while it has lost -48.79% so far this year.
Float and Shares Shorts:
At present, 4.01 million POAI shares are outstanding with a float of 3.90 million shares on hand for trading. On Apr 27, 2023, short shares totaled 0.18 million, which was 4.60% higher than short shares on Mar 30, 2023. In addition to Mr. Raymond F. Vennare as the firm’s CEO & Chairman, Mr. Robert L. Myers M.B.A. serves as its CFO & Sec.
Through their ownership of 5.82% of POAI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.45% of POAI, in contrast to 2.14% held by mutual funds. Shares owned by individuals account for 0.03%. As the largest shareholder in POAI with 2.64% of the stake, The Vanguard Group, Inc. holds 104,977 shares worth 104,977. A second-largest stockholder of POAI, Geode Capital Management LLC, holds 32,301 shares, controlling over 0.81% of the firm’s shares. RB Capital Management LLC is the third largest shareholder in POAI, holding 20,835 shares or 0.52% stake. With a 1.74% stake in POAI, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 69,296 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.90% of POAI stock, is the second-largest Mutual Fund holder. It holds 35,680 shares valued at 0.1 million. Fidelity Extended Market Index Fu holds 0.42% of the stake in POAI, owning 16,546 shares worth 46991.0.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, POAI reported revenue of $371.59k and operating income of -$3.29M. The EBITDA in the recently reported quarter was $4.17M and diluted EPS was -$3.00.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for POAI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With POAI analysts setting a high price target of $100.00 and a low target of $100.00, the average target price over the next 12 months is $100.00. Based on these targets, POAI could surge 3084.71% to reach the target high and rise by 3084.71% to reach the target low. Reaching the average price target will result in a growth of 3084.71% 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.
Summary of Insider Activity:
Insiders traded POAI stock several times over the past three months with 6 Buys and 0 Sells. In these transactions, 124,438 shares were bought while 0 shares were sold. The number of buy transactions has increased to 35 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 1,411,212 while 10,199 shares were sold.