P3 Health Partners Inc (NASDAQ: PIII) is -49.88% lower on its value in year-to-date trading and has touched a low of $0.70 and a high of $5.56 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 PIII stock was last observed hovering at around $0.81 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $0.71, the stock is -33.11% and -38.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing -12.76% at the moment leaves the stock -62.05% off its SMA200. PIII registered -20.12% loss for a year compared to 6-month loss of -71.96%. The firm has a 50-day simple moving average (SMA 50) of $0.13 and a 200-day simple moving average (SMA200) of -$0.28.
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The stock witnessed a -33.95% gain in the last 1 month and extending the period to 3 months gives it a -36.33%, and is -38.01% 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 13.17% over the week and 8.20% over the month.
P3 Health Partners Inc (PIII) has around 600 employees, a market worth around $81.44M and $1.18B in sales. Profit margin for the company is -10.73%. Distance from 52-week low is 0.96% and -87.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-40.79%).
P3 Health Partners Inc quarterly earnings per share for the current quarter are estimated at -$0.11 with sales reaching $302.97M over the same period.The EPS is expected to grow by 90.67% this year, but quarterly earnings will post 16.50% year-over-year. Quarterly sales are estimated to grow 17.30% in year-over-year returns.
87 institutions hold shares in P3 Health Partners Inc (PIII), with institutional investors hold 25.88% of the company’s shares. The shares outstanding are 115.24M, and float is at 47.73M with Short Float at 4.80%. Institutions hold 18.87% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 6.89 million shares valued at $20.59 million. The investor’s holdings represent 6.03% of the PIII Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 5.47 million shares valued at $16.37 million to account for 4.79% of the shares outstanding. The other top investors are Janus Henderson Group PLC which holds 4.98 million shares representing 4.36% and valued at over $14.9 million, while Ameriprise Financial, Inc. holds 2.28% of the shares totaling 2.61 million with a market value of $7.8 million.
P3 Health Partners Inc (PIII) Insider Activity
The most recent transaction is an insider purchase by Chicago Pacific Founders UGP I, the company’s 10% Owner. SEC filings show that Chicago Pacific Founders UGP I bought 90,000 shares of the company’s common stock on Sep 13 ’23 at a price of $2.65 per share for a total of $0.24 million. Following the purchase, the insider now owns 50.03 million shares.
P3 Health Partners Inc disclosed in a document filed with the SEC on Sep 12 ’23 that Chicago Pacific Founders UGP I (10% Owner) bought a total of 90,000 shares of the company’s common stock. The trade occurred on Sep 12 ’23 and was made at $2.63 per share for $0.24 million. Following the transaction, the insider now directly holds 49.94 million shares of the PIII stock.
Still, SEC filings show that on Sep 11 ’23, Chicago Pacific Founders UGP I (10% Owner) acquired 90,000 shares at an average price of $2.52 for $0.23 million. The insider now directly holds 50,115,442 shares of P3 Health Partners Inc (PIII).
