79 institutions hold shares in PAVmed Inc. (PAVM), with 8.41M shares held by insiders accounting for 16.10% while institutional investors hold 12.90% of the company’s shares. The shares outstanding are 48.38M, and float is at 44.89M with Short Float at 10.56%. Institutions hold 10.83% of the Float.
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The top institutional shareholder in the company is Blackrock Inc. with over 1.85 million shares valued at $3.92 million. The investor’s holdings represent 2.57% of the PAVM Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 1.64 million shares valued at $2.92 million to account for 2.28% of the shares outstanding. The other top investors are Northern Trust Corporation which holds 0.42 million shares representing 0.58% and valued at over $0.74 million, while State Street Corporation holds 0.58% of the shares totaling 0.42 million with a market value of $0.74 million.
PAVmed Inc. (NASDAQ: PAVM) is 115.57% higher on its value in year-to-date trading and has touched a low of $1.30 and a high of $5.05 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PAVM stock was last observed hovering at around $4.71 in the last trading session, with the day’s loss setting it -0.14% off its average median price target of $5.00 for the next 12 months. It is also 12.95% off the consensus price target high of $5.25 offered by 3 analysts, but current levels are 8.6% higher than the price target low of $5.00 for the same period.
Currently trading at $4.57, the stock is 68.76% and 99.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.75 million and changing -2.97% at the moment leaves the stock 118.87% off its SMA200. PAVM registered 60.07% gain for a year compared to 6-month gain of 124.02%. The firm has a 50-day simple moving average (SMA 50) of $2.5603 and a 200-day simple moving average (SMA200) of $2.0691.
The stock witnessed a 119.71% loss in the last 1 month and extending the period to 3 months gives it a 156.74%, and is 42.37% 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 20.49% over the week and 12.71% over the month.
Distance from 52-week low is 251.54% and -9.50% from its 52-week high.
PAVmed Inc. (PAVM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for PAVmed Inc. (PAVM) is a “Buy”. 3 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
PAVmed Inc. is expected to release its quarterly report on 05/25/2021 and quarterly earnings per share for the current quarter are estimated at -$0.11.The EPS is expected to grow by 34.20% this year.
PAVmed Inc. (PAVM) Insider Activity
A total of 4 insider transactions have happened at PAVmed Inc. (PAVM) in the last six months, with sales accounting for 4 and purchases happening 0 times. The most recent transaction is an insider sale by SIROVICH MATTHEW, the company’s 10% Owner. SEC filings show that SIROVICH MATTHEW sold 33,203 shares of the company’s common stock on Nov 25 at a price of $1.96 per share for a total of $65048.0. Following the sale, the insider now owns 1.03 million shares.
PAVmed Inc. disclosed in a document filed with the SEC on Nov 24 that SIROVICH MATTHEW (10% Owner) sold a total of 53,036 shares of the company’s common stock. The trade occurred on Nov 24 and was made at $2.00 per share for $0.11 million. Following the transaction, the insider now directly holds 1.06 million shares of the PAVM stock.
Still, SEC filings show that on Nov 19, SIROVICH MATTHEW (10% Owner) disposed off 75,211 shares at an average price of $1.83 for $0.14 million. The insider now directly holds 1,113,983 shares of PAVmed Inc. (PAVM).
PAVmed Inc. (PAVM): Who are the competitors?
The company’s main competitors (and peers) include NuVasive Inc. (NUVA) that is trading -27.47% down over the past 12 months. Short interest in the company’s stock has risen 9.7% from the last report on Dec 30, 2020 to stand at a total of 4.28 million short shares sold with a short interest ratio of 2.03.