The stock of P10 Inc. (NYSE:PX) increased by $0.77 on Friday to finish at $12.62, up 6.50 percent. The last five days have seen an average of 272,660 shares of common stock traded. 11 times new highs were reached in the current year, with a gain of $1.95. The average number of shares traded over the last 20 days was 197,295, while the average volume over the last 50 days totaled 331,428.
PX stock appreciated 8.70% since last month. On 07/18/23, the company’s shares reached a one-month low of $11.29. The stock touched a high of $13.78 on 08/11/23, after rallying from a low of $8.75 in 52 weeks. The price of PX stock has risen by 18.28% or $1.95 this year, reaching a new high 11 times. Still, the stock price is down -8.42% from the 52-week high.
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Insider Transactions
PX stock investors should be aware that P10 Inc. (PX) stock had its last reported insider trading activity 61 days ago on Jun 14. On Jun 14, Nelson Andrew Rowan sold 20,000 shares at $11.57 each. This transaction resulted in the insider making $231,400. On Mar 17, Feinglass Michael sold 22,182 shares at a price of US$9.02. After the transaction, the insider now owns 0 shares.
Valuation Metrics
P10 Inc. (PX) has a trailing price-to-earnings (P/E) ratio of 69.72. Beta for the stock is 1.07. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.48, the price-to-book (PB) ratio of 3.76, and the price-to-cash flow ratio of 18.79.
Company paid $0.0325 per share in dividends, an increase of 1.56% from $0.0320 last year. A $0.0005 dividend increase was reported on Thursday August 10 2023.
Financial Health
For the three months ended June 29, P10 Inc.’s quick ratio was 0.80, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.73, and the total debt to equity ratio is 0.73. P10 Inc.’s operating margin stood at 17.30% for the same period. Based on annual data, it had gross profit of $154.94 million and revenue of $198.36 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PX’s return on assets (ROA) during the last 12 months has been 3.00%. There was a 5.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 5.50%.
Earnings Surprise
According to P10 Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $57.37 million, while revenues rose by 24.56% to $59.71 million. It was predicted that P10 Inc.’s quarterly earnings would be $0.22, but it ended up being $0.18, beating the consensus by 22.20%. EBITDA was $12.6 million for the quarter. At the end of P10 Inc.’s most recent quarter ended June 29, its liabilities totaled 404.22 million, while its total debt was $305.62 million. Equity owned by shareholders amounts to $116.09 million.
Technical Picture
Here’s a quick look at P10 Inc.’s (PX) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 73.39%, suggesting the stock is Overbought, with a 36.76% historical volatility rate.
The stochastic %K and %D were 52.15% and 55.06% respectively, while the average true range (ATR) was 0.40. Based on the 14-day stochastic reading of 60.79%, the RSI (14) reading is 69.04%. On the 9-day MACD Oscillator, the stock is at 0.16, and the 14-day reading is at 0.25.
Analyst Ratings
In its analyst report released on August 31, 2022, Barclays began covering P10 Inc. (NYSE: PX). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned P10 Inc. (PX) an Buy rating. PX is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 6 others recommend it as a buy.
What is PX’s price target for the next 12 months?
The current consensus forecast for the stock is between $12.00 and $17.00, with a median target price of $14.50. In analyzing these forecasts, the average price target given by analysts for P10 Inc. (PX) is $14.29.
