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.
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
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.
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.
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%.
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.