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Are we looking at the next big move in Patria Investments Limited (PAX)?

Patria Investments Limited (NASDAQ: PAX) is -29.55% lower on its value in year-to-date trading and has touched a low of $14.05 and a high of $23.28 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PAX stock was last observed hovering at around $14.10 in the last trading session, with the day’s loss setting it -0.08% off its average median price target of $24.50 for the next 12 months. It is also 51.66% off the consensus price target high of $29.00 offered by 6 analysts, but current levels are 22.11% higher than the price target low of $18.00 for the same period.

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Currently trading at $14.02, the stock is -10.60% and -19.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.29 million and changing -0.57% at the moment leaves the stock -22.84% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $16.30 and a 200-day simple moving average (SMA200) of $18.17.

The stock witnessed a -17.72% In the last 1 month and extending the period to 3 months gives it a -23.80%, and is -8.19% down 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 5.25% over the week and 4.47% over the month.

Patria Investments Limited (PAX) has around 157 employees, a market worth around $1.86B and $115.10M in sales. Fwd P/E is 12.22. Distance from 52-week low is -0.21% and -39.78% from its 52-week high.

Patria Investments Limited (PAX) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Patria Investments Limited (PAX) is a “Overweight”. 6 analysts offering their recommendations for the stock have an average rating of 2.30, where 2 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Patria Investments Limited quarterly earnings per share for the current quarter are estimated at $0.13 with sales reaching $30.85M over the same period.The EPS is expected to grow by 103.80% this year, but quarterly earnings will post 109.70% year-over-year.

Patria Investments Limited (PAX) Top Institutional Holders

22 institutions hold shares in Patria Investments Limited (PAX), with institutional investors hold 60.38% of the company’s shares. The shares outstanding are 132.86M, and float is at 51.75M with Short Float at 2.58%. Institutions hold 60.38% of the Float.

The top institutional shareholder in the company is Goldman Sachs Emerging Markets Equity Fund with over 0.81 million shares valued at $14.53 million. The investor’s holdings represent 1.57% of the PAX Shares outstanding. As of Mar 30, 2021, the second largest holder is American Fds Developing World Growth & Income Fd with 0.54 million shares valued at $9.42 million to account for 1.05% of the shares outstanding. The other top investors are Financial Investors Tr-Grandeur Peak International Stalwarts Fd which holds 0.53 million shares representing 1.02% and valued at over $9.39 million, while Fidelity Stock Selector All Cap Fund holds 0.66% of the shares totaling 0.34 million with a market value of $6.62 million.

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