Weekly Performance Analysis for Paltalk Inc. (PALT)

Paltalk Inc. (NASDAQ:PALT) saw a downside of -4.73% to close Friday at $10.07 after subtracting -$0.5 on the day. The 5-day average trading volume is 63,091,578 shares of the company’s common stock. It has gained $15.20 in the past week and touched a new high 2 times within the past 5 days. An average of 16,035,900 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,443,442.

PALT’s 1-month performance is 178.42% or $6.45 on its low of $2.91 reached on 09/20/21. The company’s shares have touched a 52-week low of $0.67 and high of $15.20, with the stock’s rally to the 52-week high happening on 09/29/21. YTD, PALT has achieved 589.73% or $8.61 and has reached a new high 10 times. However, the current price is down -33.75%% from the 52-week high price.

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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 24.02 and a low of 6.00. PALT stock has a beta of -0.18. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.45 while the price-to-book (PB) in the most recent quarter is 6.10.

Paltalk Inc.’s quick ratio for the recent quarter was 2.10, with the current ratio over the same period at 2.10 meaning that PALT stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 81.20%The trailing 12-month EBITDA margin is 14.95% while Paltalk Inc.’s operating margin was 18.90%. The firm’s gross profit as reported stood at $10.26 million against revenue of $12.83 million.

Earnings Surprise

Net income and sales went up compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than $0.69 million. PALT stock balance sheet for the recent quarter shows that total liabilities totaled 3.31 million, with total debt at $34950.0. Shareholders hold equity totaling $8.24 million

Technical Picture

Let’s look briefly at Paltalk Inc. (PALT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 86.86% to suggest the stock is trending Overbought, with historical volatility in this time period at 267.30%.

The stock’s 5-day moving average is $7.93, reflecting a +151.12% or $6.06 change from its current price. PALT is currently trading +187.71% above its 20-day SMA, +236.79% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +226.95% and +768.10% respectively.

Stochastic %K and %D was 55.06% and 63.16% and the average true range (ATR) pointed at 2.27. The RSI (14) points at 85.21%, while the 14-day stochastic is at 58.26% with the period’s ATR at 1.65. The stock’s 9-day MACD Oscillator is pointing at 3.83 and 4.77 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for PALT stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate PALT as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is PALT’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $7.00 and a high of $7.00, with their median price target at $7.00. Looking at these predictions, the average price target given by analysts is for Paltalk Inc. (PALT) stock is $7.00.


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