What Paltalk Inc. (PALT) Insiders Are Up To

Paltalk Inc. (NASDAQ:PALT) finished Wednesday with an addition of $0.84 to close at $8.72, an upside of 10.66 percent. An average of 12,110,479 shares of common stock have been traded in the last five days. There was a gain of $1.79 in the past week. The last 20 days have seen an average of 19,676,260 shares traded, while the 50-day average volume stands at 7,897,432.

PALT stock has increased by 166.67% in the last month. The company shares reached their 1-month lowest point of $2.91 on 09/20/21. With the stock rallying to its 52-week high on 09/29/21, shares of the company touched a low of $0.67 and a high of $15.20 in 52 weeks. In spite of this, the price is down -42.63% from the 52-week high.


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Valuation Metrics

Paltalk Inc. (PALT) has a trailing price-to-earnings (P/E) ratio of 20.00, which compares with the 29.20 for the broader industry and 37.24 for the sector. In the last five years, Paltalk Inc.’s PE ratio has ranged between 24.02 and 6.00. The stock’s beta is -0.21. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.41, the price-to-book (PB) ratio at 5.28.

The quick ratio of Paltalk Inc. for the recent quarter was 2.10, and the current ratio was 2.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. Paltalk Inc.’s EBITDA margin is 14.95%, while its operating margin for the same period stands at 18.90%. Its gross profit as reported stood at $10.26 million compared to revenue of $12.83 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Paltalk Inc.’s return on assets was 22.00%. For the broader industry, ROE averaged 3.34 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Paltalk Inc. (PALT) price momentum. RSI 9-day as of the close on 13 October was 64.29%, suggesting the stock is Neutral, with historical volatility in this time frame at 167.88%.

As of today, PALT’s price is $8.24 +25.83% or $1.79 from its 5-day moving average. PALT is currently trading +161.86% higher than its 20-day SMA and +211.43% higher than its 100-day SMA. However, the stock’s current price level is +149.85% above the SMA50 and +536.50% above the SMA200.

The stochastic %K and %D were 43.47% and 42.82%, respectively, and the average true range (ATR) was 2.04. With the 14-day stochastic at 47.10% and the average true range at 1.76, the RSI (14) stands at 64.98%. The stock has reached -0.05 on the 9-day MACD Oscillator while the 14-day reading was at 0.51.

Analyst Ratings

The consensus rating for Paltalk Inc. (PALT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PALT, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

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

Analysts predict a range of price targets between $7.00 and $7.00, with a median target of $7.00. Taking a look at these predictions, the average price target given by analysts for Paltalk Inc. (PALT) stock is $7.00.

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