With 1.59 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.07 million shares. The 52-week range on PHAT shows that it touched its highest point at $19.71 and its lowest point at $4.34 during that stretch. It currently has a 1-year price target of $21.62. Beta for the stock currently stands at 0.52.
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 PHAT was down-trending over the past week, with a drop of -14.16%, but this was down by -16.11% over a month. Three-month performance dropped to -43.65% while six-month performance fell -72.97%. The stock lost -47.30% in the past year, while it has lost -41.01% so far this year. A look at the trailing 12-month EPS for PHAT yields -5.35 with Next year EPS estimates of -1.89. For the next quarter, that number is -1.11. This implies an EPS growth rate of 23.56% for this year and 53.22% for next year.
Float and Shares Shorts:
At present, 68.52 million PHAT shares are outstanding with a float of 38.64 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PHAT since 10 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 2 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.
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 -$4.45283 being high and -$6.12258 being low. For PHAT, this leads to a yearly average estimate of -$5.29391. Based on analyst estimates, the high estimate for the next quarter is -$0.98 and the low estimate is -$1.06. The average estimate for the next quarter is thus -$1.01.
