3 times Within The Past Five Days, Palisade Bio Inc. (PALI) Hit A New High

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Palisade Bio Inc. (NASDAQ:PALI) traded with an addition of $1.09 to close at $2.90 on Thursday, an upside of 60.30 percent. An average of 647,238 shares of common stock have been traded in the last five days. There was a gain of $1.0300 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 350,549 shares traded, while the 50-day average volume stands at 1,731,152.

PALI stock has decreased by -47.23% in the last month. The company shares reached their 1-month lowest point of $1.7400 on 12/28/22. With the stock rallying to its 52-week high on 02/02/22, shares of the company touched a low of $1.74 and a high of $81.00 in 52 weeks. It has reached a new high 2 times so far this year and lost -97.22% or -$62.0200 in price. In spite of this, the price is down -96.42% from the 52-week high.


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Valuation Metrics

Palisade Bio Inc. (PALI) stock’s beta is 1.88. Other valuation ratios to consider include the price-to-book (PB) ratio at 0.14.

Financial Health

The quick ratio of Palisade Bio Inc. for the three months ended September 29 was 4.30, and the current ratio was 4.30, 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 0.03 for the quarter ending September 29. Its gross profit as reported stood at $41.85 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, Palisade Bio Inc.’s return on assets was -84.30%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$3.99 million in the quarter, while revenues of -$2.34 million were grew 228.32%. The analyst consensus anticipated Palisade Bio Inc.’s latest quarter earnings to come in at -$4 per share, but it turned out to be -$4, a 0.00% surprise. For the quarter, EBITDA amounted to -$4.41 million. Shareholders own equity worth $1.54 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Palisade Bio Inc. (PALI) price momentum. RSI 9-day as of the close on 28 December was 61.82%, suggesting the stock is Neutral, with historical volatility in this time frame at 273.35%.

As of today, PALI’s price is $2.0760 +52.82% or $1.0300 from its 5-day moving average. PALI is currently trading -23.39% lower than its 20-day SMA and -88.54% lower than its 100-day SMA. However, the stock’s current price level is -43.02% below the SMA50 and -94.95% below the SMA200.

The stochastic %K and %D were 26.08% and 12.19%, respectively, and the average true range (ATR) was 0.4581. With the 14-day stochastic at 71.26% and the average true range at 0.5174, the RSI (14) stands at 52.41%. The stock has reached 0.1133 on the 9-day MACD Oscillator while the 14-day reading was at -0.0705.

Analyst Ratings

The consensus rating for Palisade Bio Inc. (PALI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PALI, while 1 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 PALI’s price target for the next 12 months?

Analysts predict a range of price targets between $25.00 and $25.00, with a median target of $25.00. Taking a look at these predictions, the average price target given by analysts for Palisade Bio Inc. (PALI) stock is $25.00.

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