An Analysis Of Paragon 28 Inc. (FNA)’s Weekly Performance

0
7
Twitter
Twitter

As of Wednesday close, Paragon 28 Inc.’s (NYSE:FNA) stock was down -$0.13, moving down -0.65 percent to $19.89. The average number of shares traded per day over the past five days has been 180,860 shares. 4 times new highs have been achieved over the past 5 days, with a $0.77 gain in that time frame. In the last twenty days, the average volume was 195,020, while in the previous 50 days, it was 191,426.

Since last month, FNA stock rose 7.17%. Shares of the company fell to $16.13 on 11/09/22, the lowest level in the past month. A 52-week high of $21.73 was reached on 08/11/22 after having rallying from a 52-week low of $12.35. Since the beginning of this year, FNA’s stock price has risen by 12.44% or $2.20, and marked a new high 7 times. However, the stock has declined by -8.47% since its 52-week high.


Do You Own These 7 Inflation-Survival Stocks?

Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.

Click here to get your free copy of the report

Sponsored


FNA stock investors should be aware that Paragon 28 Inc. (FNA) stock had its last reported insider trading activity 9 days ago on Nov 15. MVM Partners LLP, the 10% Owner of the company, disposed of 2,000 shares for $20.17 on Nov 15. It resulted in a $40,334 divestment by the insider. MVM Partners LLP sold 27,013 shares at an average price of $20.26 on Nov 14. The insider now owns 13,759,733 shares following the transaction. On Nov 07, Former 10% Owner Rosenthal Lee sold 61,001 shares at $18.48 apiece. The transaction was valued at $1,127,445.

Financial Health

In the three months ended June 29, Paragon 28 Inc.’s quick ratio stood at 2.30, while its current ratio was 3.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.25, and the total debt-to-equity ratio was 0.25. On the profitability front, the trailing twelve-month gross margin is 82.20% percent. In the year ended June 29, operating margins totaled -17.90%. Based on annual data, FNA earned $119.44 million in gross profit and brought in $147.46 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -5.70%. Return on equity (ROE) for the past 12 months was -18.30%.

In Paragon 28 Inc.’s quarter-end financial report for June 29, it reported total debt of $42.49 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FNA’s revenue rose 22.08% to $42.5 million during the quarter, while net income inched up to $46.01 million. While analysts expected Paragon 28 Inc. to report -$0.06 quarterly earnings, the actual figure was -$0.13 per share, beating the consensus estimate by -116.70%. During the quarter, the company generated -$5.26 million in EBITDA. The liabilities of Paragon 28 Inc. were 85.59 million at the end of its most recent quarter ended June 29, and its total debt was $43.28 million. The value of shareholders’ equity is $77.13 million.

Technical Picture

This quick technical analysis looks at Paragon 28 Inc.’s (FNA) price momentum. With a historical volatility rate of 60.38%, the RSI 9-day stood at 60.58% on 23 November.

With respect to its five-day moving average, the current Paragon 28 Inc. price is up by +4.03% percent or $0.77. At present, FNA shares trade +6.19% above its 20-day simple moving average and +12.06% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.25% above its SMA50 and +28.49% above its SMA200.

Stochastic coefficient K was 79.48% and Stochastic coefficient D was 75.23%, while ATR was 1.15. Given the Stochastic reading of 81.21% for the 14-day period, the RSI (14) reading has been calculated as 58.05%. As of today, the MACD Oscillator reading stands at 0.18, while the 14-day reading stands at 0.95.

Analyst Ratings

Paragon 28 Inc. (FNA) has been rated Buy by analysts. According to 0 brokerage firms, FNA is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Paragon 28 Inc. stock as buy, with 5 recommending it as overweight.

With a median target price of $25.00, the current consensus forecast for the stock is $24.00 – $32.00. Based on these forecasts, analysts predict Paragon 28 Inc. (FNA) will achieve an average price target of $27.20.

LEAVE A REPLY

Please enter your comment!
Please enter your name here