PAVmed Inc (NASDAQ:PAVM) saw a downside of -0.31% to close Friday at $0.32 after subtracting $0.0 on the day. The 5-day average trading volume is 1,066,800 shares of the company’s common stock. It has gained $0.3800 in the past week and touched a new high 2 times within the past 5 days. An average of 1,228,700 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 788,006.
PAVM’s 1-month performance is 35.06% or $0.1011 on its low of $0.2146 reached on 08/23/23. The company’s shares have touched a 52-week low of $0.21 and high of $1.25, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, PAVM has lost -33.54% or -$0.1610 and has reached a new high 6 times. However, the current price is down -74.48% from the 52-week high price.
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Valuation Metrics
PAVM stock has a beta of 0.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 44.43.
PAVmed Inc’s quick ratio for the period ended June 29 was 0.85, with the current ratio over the same period at 0.85. In terms of profitability, the gross margin trailing 12 months is -1046.88%. The trailing 12-month EBITDA margin is -23441.11% while for the period ending June 29, PAVmed Inc’s operating margin was -10587.75%. The firm’s gross profit as reported stood at -$3.24 million against revenue of $0.38 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -75.22% to -$14.61 million, while revenue of -$18.01 million was -23.27% off the previous quarter. Analysts expected PAVM to announce -$0.19 per share in earnings in its latest quarter, but it posted -$0.14, representing a 26.30% surprise. EBITDA for the quarter stood at more than -$15.74 million. PAVM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 54.51 million, with total debt at $48.15 million. Shareholders hold equity totaling $111.42 million.
Let’s look briefly at PAVmed Inc (PAVM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 45.39% to suggest the stock is trending Neutral, with historical volatility in this time period at 145.58%.
The stock’s 5-day moving average is $0.3159, reflecting a +0.31% or $0.0010 change from its current price. PAVM is currently trading +38.88% above its 20-day SMA, -29.80% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -21.72% and SMA200 by-52.46%.
Stochastic %K and %D was 8.51% and 13.89% and the average true range (ATR) pointed at 0.0557. The RSI (14) points at 47.15%, while the 14-day stochastic is at 9.18% with the period’s ATR at 0.0537. The stock’s 9-day MACD Oscillator is pointing at -0.0123 and -0.0575 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for PAVmed Inc (NASDAQ: PAVM), Cantor Fitzgerald launched coverage with an Overweight rating.
