P10 Inc. (PX) Is A Stock You Should Watch

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As of Wednesday close, P10 Inc.’s (NYSE:PX) stock was down -$0.09, moving down -0.88 percent to $10.19. The average number of shares traded per day over the past five days has been 149,840 shares. 3 times new highs have been achieved over the past 5 days, with a $0.28 gain in that time frame. In the last twenty days, the average volume was 137,505, while in the previous 50 days, it was 160,350.

Since last month, PX stock retreated -5.47%. Shares of the company fell to $9.65 on 11/14/22, the lowest level in the past month. A 52-week high of $15.30 was reached on 01/03/22 after having rallying from a 52-week low of $9.65. Since the beginning of this year, PX’s stock price has dropped by -27.11% or -$3.79, and marked a new high 1 time. However, the stock has declined by -33.38% since its 52-week high.


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Valuation Metrics

Right now, P10 Inc. (PX) has a P/E ratio of about 47.40. The stock’s beta is 0.95. Besides these, the trailing price-to-sales (P/S) ratio of 6.26, the price-to-book (PB) ratio of 2.94, and the price-to-cash flow ratio of 24.31 may also be considered.

The latest dividend of $0.03 per share was paid out, remained unchanged from last year’s $0.03. On Thursday May 12 2022, a $0.7950 dividend decrease was announced.

Financial Health

In the three months ended June 29, P10 Inc.’s quick ratio stood at 1.10, while its current ratio was 1.10, 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 0.42, and the total debt-to-equity ratio was 0.42. In the year ended June 29, operating margins totaled 18.60%. Based on annual data, PX earned $110.19 million in gross profit and brought in $150.53 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 5.30%. Return on equity (ROE) for the past 12 months was 6.50%.

In P10 Inc.’s quarter-end financial report for June 29, it reported total debt of $170.77 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PX’s revenue rose 23.97% to $46.74 million during the quarter, while net income inched up to $50.18 million. While analysts expected P10 Inc. to report $0.18 quarterly earnings, the actual figure was $0.19 per share, beating the consensus estimate by 5.60%. During the quarter, the company generated $16.76 million in EBITDA. The liabilities of P10 Inc. were 241.07 million at the end of its most recent quarter ended June 29, and its total debt was $203.7 million. The value of shareholders’ equity is $117.05 million.

Technical Picture

This quick technical analysis looks at P10 Inc.’s (PX) price momentum. With a historical volatility rate of 39.86%, the RSI 9-day stood at 50.26% on 23 November.

With respect to its five-day moving average, the current P10 Inc. price is up by +2.83% percent or $0.28. At present, PX shares trade -4.41% below its 20-day simple moving average and -14.08% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.68% below its SMA50 and -18.80% below its SMA200.

Stochastic coefficient K was 46.89% and Stochastic coefficient D was 45.05%, while ATR was 0.40. Given the Stochastic reading of 45.76% for the 14-day period, the RSI (14) reading has been calculated as 48.10%. As of today, the MACD Oscillator reading stands at 0.12, while the 14-day reading stands at 0.14.

Analyst Ratings

Barclays launched its rating on P10 Inc. (NYSE: PX) to an Overweight in a note to investors on August 31, 2022. P10 Inc. (PX) has been rated Buy by analysts. According to 0 brokerage firms, PX is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate P10 Inc. stock as buy, with 6 recommending it as overweight.

With a median target price of $15.00, the current consensus forecast for the stock is $14.00 – $16.00. Based on these forecasts, analysts predict P10 Inc. (PX) will achieve an average price target of $15.00.

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