As of Wednesday close, PAVmed Inc.’s (NASDAQ:PAVM) stock was up $0.08, moving up 35.23 percent to $0.31. The average number of shares traded per day over the past five days has been 554,900 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0728 gain in that time frame. In the last twenty days, the average volume was 621,800, while in the previous 50 days, it was 510,692.
Since last month, PAVM stock retreated -18.47%. Shares of the company fell to $0.2102 on 08/21/23, the lowest level in the past month. A 52-week high of $1.32 was reached on 01/17/23 after having rallying from a 52-week low of $0.21. Since the beginning of this year, PAVM’s stock price has dropped by -35.63% or -$0.1710, and marked a new high 6 times. However, the stock has declined by -76.59% since its 52-week high.
PAVM stock investors should be aware that PAVmed Inc. (PAVM) stock had its last reported insider trading activity 267 days ago on Dec 07. Glennon Michael J, the Director of the company, purchased of 100,000 shares for $0.62 on Dec 07. It resulted in a $62,320 investment by the insider. Glennon Michael J added 88,000 shares at an average price of $0.64 on Dec 06. The insider now owns 150,000 shares following the transaction. On Dec 05, Director Glennon Michael J bought 62,000 shares at $0.69 apiece. The transaction was valued at $42,606.
Financial Health
Based on annual data, PAVM earned -$3.24 million in gross profit and brought in $0.38 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 -430.20%. Return on equity (ROE) for the past 12 months was 486.60%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PAVM’s revenue rose 100.0% to $0.57 million during the quarter, while net income inched up to $0.33 million. While analysts expected PAVmed Inc. to report -$0.19 quarterly earnings, the actual figure was -$0.14 per share, beating the consensus estimate by 26.30%. During the quarter, the company generated -$15.74 million in EBITDA. The liabilities of PAVmed Inc. were 54.51 million at the end of its most recent quarter ended June 29, and its total debt was $48.15 million. The value of shareholders’ equity is $111.42 million.
Technical Picture
This quick technical analysis looks at PAVmed Inc.’s (PAVM) price momentum. With a historical volatility rate of 164.67%, the RSI 9-day stood at 62.94% on 30 August.
With respect to its five-day moving average, the current PAVmed Inc. price is up by +30.82% percent or $0.0728. At present, PAVM shares trade -16.46% below its 20-day simple moving average and -15.57% percent below its 100-day simple moving average. However, the stock is currently trading approximately -24.39% below its SMA50 and -71.12% below its SMA200.
Stochastic coefficient K was 28.42% and Stochastic coefficient D was 16.04%, while ATR was 0.0325. Given the Stochastic reading of 65.34% for the 14-day period, the RSI (14) reading has been calculated as 53.72%. As of today, the MACD Oscillator reading stands at 0.0154.
Analyst Ratings
Cantor Fitzgerald launched its rating on PAVmed Inc. (NASDAQ: PAVM) to an Overweight in a note to investors on March 30, 2021. PAVmed Inc. (PAVM) has been rated Overweight by analysts. According to 0 brokerage firms, PAVM is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate PAVmed Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $1.45, the current consensus forecast for the stock is $1.00 – $7.50. Based on these forecasts, analysts predict PAVmed Inc. (PAVM) will achieve an average price target of $2.85.
