Profound Medical Corp. (PROF) Analysis & Opinions from Experts

Profound Medical Corp. (NASDAQ: PROF) is 32.00% higher on its value in year-to-date trading and has touched a low of $6.53 and a high of $27.35 in the current 52-week trading range. The PROF stock was last observed hovering at around $26.12 in the last trading session, with the day’s gains setting it 1.02% off its average median price target of $28.41 for the next 12 months. It is also 17.76% off the consensus price target high of $33.00 offered by 8 analysts, but current levels are -64.48% lower than the price target low of $16.50 for the same period.

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Currently trading at $27.14, the stock is 9.31% and 26.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.15 million and changing 3.91% at the moment leaves the stock 61.76% off its SMA200. PROF registered 62.61% gain for a year compared to 6-month gain of 71.99%. The firm has a 50-day simple moving average (SMA 50) of $22.99 and a 200-day simple moving average (SMA200) of $18.23.

The stock witnessed a 30.67% loss in the last 1 month and extending the period to 3 months gives it a 54.56%, and is 1.69% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.33% over the week and 5.00% over the month.

Distance from 52-week low is 315.62% and -0.77% from its 52-week high.

Profound Medical Corp. (PROF) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Profound Medical Corp. (PROF) is a “Buy”. 8 analysts offering their recommendations for the stock, where 1 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Profound Medical Corp. is expected to release its quarterly report on 05/13/2021..

Profound Medical Corp. (PROF) Top Institutional Holders

63 institutions hold shares in Profound Medical Corp. (PROF), with 377.6k shares held by insiders accounting for 1.92% while institutional investors hold 48.02% of the company’s shares. The shares outstanding are 19.63M, and float is at 18.07M with Short Float at 1.88%. Institutions hold 47.09% of the Float.

The top institutional shareholder in the company is FIL LTD with over 1.13 million shares valued at $19.85 million. The investor’s holdings represent 5.57% of the PROF Shares outstanding. As of Sep 29, 2020, the second largest holder is Redmile Group, LLC with 0.82 million shares valued at $14.55 million to account for 4.08% of the shares outstanding. The other top investors are Pura Vida Investments, LLC which holds 0.78 million shares representing 3.86% and valued at over $13.77 million, while Gagnon Securities, LLC holds 3.86% of the shares totaling 0.78 million with a market value of $13.75 million.

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