As of Friday close, The Pennant Group Inc.’s (NASDAQ:PNTG) stock was down -$0.89, moving down -7.06 percent to $11.71. The average number of shares traded per day over the past five days has been 1,634,300 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.05 fall in that time frame. In the last twenty days, the average volume was 631,130, while in the previous 50 days, it was 335,062.
Since last month, PNTG stock retreated -4.33%. Shares of the company fell to $11.43 on 03/10/23, the lowest level in the past month. A 52-week high of $20.28 was reached on 02/27/23 after having rallying from a 52-week low of $8.68. Since the beginning of this year, PNTG’s stock price has risen by 6.65% or $0.73, and marked a new high 12 times. However, the stock has declined by -42.26% since its 52-week high.
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Sponsored
PNTG stock investors should be aware that The Pennant Group Inc. (PNTG) stock had its last reported insider trading activity 12 days ago on Mar 06. SMITH BARRY M, the Director of the company, purchased of 25,536 shares for $15.00 on Mar 06. It resulted in a $382,989 investment by the insider. SMITH BARRY M added 4,464 shares at an average price of $14.95 on Mar 03. The insider now owns 18,163 shares following the transaction. On Jan 19, Director Stringfield JoAnne sold 95 shares at $11.37 apiece. The transaction was valued at $1,080.
Valuation Metrics
Right now, The Pennant Group Inc. (PNTG) has a P/E ratio of about 54.21. The stock’s beta is 2.11. Besides these, the trailing price-to-sales (P/S) ratio of 0.73, the price-to-book (PB) ratio of 2.88.
Financial Health
In the three months ended September 29, The Pennant Group 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 September 29 was 0.52, and the total debt-to-equity ratio was 0.52. On the profitability front, the trailing twelve-month gross margin is 21.70% percent. In the year ended September 29, operating margins totaled 2.70%. Based on annual data, PNTG earned $58.59 million in gross profit and brought in $473.24 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 6.00%. Return on equity (ROE) for the past 12 months was 5.70%.
In The Pennant Group Inc.’s quarter-end financial report for September 29, it reported total debt of $62.89 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PNTG’s revenue rose 10.35% to $118.35 million during the quarter, while net income inched up to $124.67 million. While analysts expected The Pennant Group Inc. to report $0.18 quarterly earnings, the actual figure was $0.14 per share, beating the consensus estimate by -22.20%. The liabilities of The Pennant Group Inc. were 386.46 million at the end of its most recent quarter ended September 29, and its total debt was $321.13 million.
Technical Picture
This quick technical analysis looks at The Pennant Group Inc.’s (PNTG) price momentum. With a historical volatility rate of 74.36%, the RSI 9-day stood at 33.71% on 17 March.
With respect to its five-day moving average, the current The Pennant Group Inc. price is down by -8.23% percent or -$1.05. At present, PNTG shares trade -7.06% below its 20-day simple moving average and +7.33% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.74% above its SMA50 and -38.79% below its SMA200.
Stochastic coefficient K was 20.23% and Stochastic coefficient D was 22.99%, while ATR was 1.00. Given the Stochastic reading of 6.47% for the 14-day period, the RSI (14) reading has been calculated as 39.81%. As of today, the MACD Oscillator reading stands at -0.27, while the 14-day reading stands at -1.07.