How Have P10 Inc. (PX) Insiders Been Trading?

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P10 Inc. (NYSE:PX) finished Friday with an addition of $0.34 to close at $10.67, an upside of 3.29 percent. An average of 465,460 shares of common stock have been traded in the last five days. There was a gain of $0.82 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 293,920 shares traded, while the 50-day average volume stands at 198,484.

PX stock has increased by 4.30% in the last month. The company shares reached their 1-month lowest point of $9.49 on 12/23/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $9.49 and a high of $14.19 in 52 weeks. It has reached a new high 1 time so far this year and lost -23.68% or -$3.31 in price. In spite of this, the price is down -24.81% from the 52-week high.

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Valuation Metrics

P10 Inc. (PX) has a trailing price-to-earnings (P/E) ratio of 49.63. The stock’s beta is 0.93. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.79, the price-to-book (PB) ratio at 3.07, and the price-to-cash flow ratio at 26.37.

The company has a payout ratio of 26.20%. The company’s most recent quarterly dividend payment was $0.03 a share, without any change from last year. Its latest decrease dividend $0.7950 reported on Thursday May 12 2022.

Financial Health

The quick ratio of P10 Inc. for the three months ended September 29 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.42 and a total debt to equity ratio of 0.42 for the quarter ending September 29. Its gross profit as reported stood at $110.19 million compared to revenue of $150.53 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, P10 Inc.’s return on assets was 3.90%.

Earnings Surprise

For the three-month period that ended September 29, P10 Inc. had $170.77 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $5.62 million in the quarter, while revenues of $11.15 million were grew 36.3%. The analyst consensus anticipated P10 Inc.’s latest quarter earnings to come in at $0.2 per share, but it turned out to be $0.21, a 5.00% surprise. For the quarter, EBITDA amounted to $16.76 million. Shareholders own equity worth $117.05 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at P10 Inc. (PX) price momentum. RSI 9-day as of the close on 30 December was 58.44%, suggesting the stock is Neutral, with historical volatility in this time frame at 56.92%.

As of today, PX’s price is $10.21 +8.32% or $0.82 from its 5-day moving average. PX is currently trading +2.01% higher than its 20-day SMA and -12.61% lower than its 100-day SMA. However, the stock’s current price level is +2.30% above the SMA50 and -10.86% below the SMA200.

The stochastic %K and %D were 57.92% and 49.02%, respectively, and the average true range (ATR) was 0.43. With the 14-day stochastic at 83.69% and the average true range at 0.40, the RSI (14) stands at 55.68%. The stock has reached 0.11 on the 9-day MACD Oscillator while the 14-day reading was at -0.02.

Analyst Ratings

Barclays launched coverage on P10 Inc. (NYSE: PX) in its analyst report released on August 31, 2022. The firm assigned the stock an Overweight rating. The consensus rating for P10 Inc. (PX) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PX, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 6 others rate it as a “buy”.

What is PX’s price target for the next 12 months?

Analysts predict a range of price targets between $14.00 and $16.00, with a median target of $15.00. Taking a look at these predictions, the average price target given by analysts for P10 Inc. (PX) stock is $14.86.

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