Patriot National Bancorp Inc. (PNBK) Is A Stock You Should Watch

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As of Wednesday close, Patriot National Bancorp Inc.’s (NASDAQ:PNBK) stock was up $0.4, moving up 4.10 percent to $10.15. The average number of shares traded per day over the past five days has been 44,600 shares. 2 times new highs have been achieved over the past 5 days, with a $0.40 gain in that time frame. In the last twenty days, the average volume was 12,970, while in the previous 50 days, it was 8,538.

Since last month, PNBK stock retreated -4.65%. Shares of the company fell to $9.75 on 11/22/22, the lowest level in the past month. A 52-week high of $18.00 was reached on 03/24/22 after having rallying from a 52-week low of $9.75. Since the beginning of this year, PNBK’s stock price has dropped by -34.73% or -$5.40, and marked a new high 5 times. However, the stock has declined by -43.61% since its 52-week high.


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Valuation Metrics

Right now, Patriot National Bancorp Inc. (PNBK) has a P/E ratio of about 7.57. The stock’s beta is 0.58. Besides these, the trailing price-to-sales (P/S) ratio of 1.13, the price-to-book (PB) ratio of 0.67, and the price-to-cash flow ratio of 12.99 may also be considered.

The latest dividend of $0.01 per share was paid out, remained unchanged from last year’s $0.01.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.53, and the total debt-to-equity ratio was 0.53. Based on annual data, PNBK earned $25.26 million in gross profit and brought in $32.35 million in revenue.

In Patriot National Bancorp Inc.’s quarter-end financial report for March 30, it reported total debt of $9.83 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Patriot National Bancorp Inc. to report $0.33 quarterly earnings, the actual figure was $0.1 per share, beating the consensus estimate by -69.70%. The value of shareholders’ equity is $3.96 million.

Technical Picture

This quick technical analysis looks at Patriot National Bancorp Inc.’s (PNBK) price momentum. With a historical volatility rate of 50.93%, the RSI 9-day stood at 50.08% on 23 November.

With respect to its five-day moving average, the current Patriot National Bancorp Inc. price is up by +4.10% percent or $0.40. At present, PNBK shares trade -2.76% below its 20-day simple moving average and -24.54% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.42% below its SMA50 and -32.33% below its SMA200.

Stochastic coefficient K was 52.13% and Stochastic coefficient D was 46.43%, while ATR was 0.29. Given the Stochastic reading of 54.88% for the 14-day period, the RSI (14) reading has been calculated as 46.91%.

Analyst Ratings

Patriot National Bancorp Inc. (PNBK) has been rated Hold by analysts. According to 0 brokerage firms, PNBK is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Patriot National Bancorp Inc. stock as buy, with 0 recommending it as overweight.

With a median target price of $24.00, the current consensus forecast for the stock is $24.00 – $24.00. Based on these forecasts, analysts predict Patriot National Bancorp Inc. (PNBK) will achieve an average price target of $24.00.

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