PDS Biotechnology Corporation (NASDAQ:PDSB) saw an upside of 0.62% to close Friday at $5.68 after adding $0.04 on the day. The 5-day average trading volume is 892,620 shares of the company’s common stock. It has gained $6.37 in the past week and touched a new high 4 times within the past 5 days. An average of 551,295 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 753,054.
PDSB’s 1-month performance is -1.39% or -$0.03 on its low of $4.62 reached on 08/11/23. The company’s shares have touched a 52-week low of $2.89 and high of $13.65, with the stock’s rally to the 52-week high happening on 01/03/23. YTD, PDSB has lost -56.97% or -$7.52 and has reached a new high 1 time. However, the current price is down -58.39% from the 52-week high price.
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Valuation Metrics
PDSB stock has a beta of 1.92. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 5.41.
PDS Biotechnology Corporation’s quick ratio for the period ended June 29 was 8.00, with the current ratio over the same period at 8.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.72, while the total debt to equity was 0.73. The firm’s gross profit as reported stood at $1.32 million against revenue of $41.67 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 49.52% to -$11.53 million, while revenue of -$9.66 million was 16.22% off the previous quarter. Analysts expected PDSB to announce -$0.35 per share in earnings in its latest quarter, but it posted -$0.37, representing a -5.70% surprise. EBITDA for the quarter stood at more than -$12.57 million. PDSB stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 31.31 million, with total debt at $23.52 million. Shareholders hold equity totaling $30.87 million.
Let’s look briefly at PDS Biotechnology Corporation (PDSB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 53.51% to suggest the stock is trending Neutral, with historical volatility in this time period at 110.23%.
The stock’s 5-day moving average is $5.75, reflecting a +17.11% or $0.83 change from its current price. PDSB is currently trading +4.99% above its 20-day SMA, unch above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -3.89% and SMA200 by+8.40%.
Stochastic %K and %D was 70.56% and 74.99% and the average true range (ATR) pointed at 0.53. The RSI (14) points at 52.19%, while the 14-day stochastic is at 60.57% with the period’s ATR at 0.50. The stock’s 9-day MACD Oscillator is pointing at 0.39 and 0.35 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for PDS Biotechnology Corporation (NASDAQ: PDSB), B. Riley Securities launched coverage with a Buy rating. Analysts offering their rating for PDSB stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate PDSB as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 have offered a “buy” rating.
What is PDSB’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $14.00 and a high of $25.00, with their median price target at $18.00. Looking at these predictions, the average price target given by analysts is for PDS Biotechnology Corporation (PDSB) stock is $19.14.
