Paltalk Inc (NASDAQ: PALT) is 37.18% higher on its value in year-to-date trading and has touched a low of $1.53 and a high of $5.50 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 PALT stock was last observed hovering at around $5.46 in the last trading session, with the day’s loss setting it -2.25%.
Currently trading at $3.21, the stock is -25.06% and -24.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing -41.21% at the moment leaves the stock -10.14% off its SMA200. PALT registered 55.83% gain for a year compared to 6-month loss of -31.85%.
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The stock witnessed a -26.21% gain in the last 1 month and extending the period to 3 months gives it a -11.81%, and is -34.49% 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 15.86% over the week and 11.39% over the month.
Paltalk Inc (PALT) has around 17 employees, a market worth around $29.60M and $10.28M in sales. Profit margin for the company is -18.39%. Distance from 52-week low is 109.80% and -41.64% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.04%).
with sales reaching $2.25M over the same period., but quarterly earnings will post -15.20% year-over-year. Quarterly sales are estimated to shrink -18.70% in year-over-year returns.
Paltalk Inc (PALT) Top Institutional Holders
14.0 institutions hold shares in Paltalk Inc (PALT), with institutional investors hold 13.01% of the company’s shares. The shares outstanding are 9.22M, and float is at 6.17M with Short Float at 0.73%. Institutions hold 8.40% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 0.24 million shares valued at $0.96 million. The investor’s holdings represent 2.5909% of the PALT Shares outstanding. As of 2024-06-30, the second largest holder is GEODE CAPITAL MANAGEMENT, LLC with 52905.0 shares valued at $$0.21 million to account for 0.5737 of the shares outstanding. The other top investors are STATE STREET CORP which holds 44988.0 shares representing 0.4878% and valued at over $0.18 million, while RENAISSANCE TECHNOLOGIES LLC holds 0.2711 of the shares totaling 25000.0 with a market value of $0.1 million.
Paltalk Inc (PALT) Insider Activity
The most recent transaction is an insider sale by J. Crew Delaware Trust B,the company’s10% Owner. SEC filings show that J. Crew Delaware Trust B sold 4,853 shares of the company’s common stock on Aug 26 ’24 at a price of $4.96 per share for a total of $24071.0. Following the sale, the insider now owns 1.47 million shares.
Paltalk Inc disclosed in a document filed with the SEC on Aug 23 ’24 that J. Crew Delaware Trust B (10% Owner) sold a total of 1,800 shares of the company’s common stock. The trade occurred on Aug 23 ’24 and was made at $4.96 per share for $8928.0. Following the transaction, the insider now directly holds 1.48 million shares of the PALT stock.
Still, SEC filings show that on Mar 14 ’24, J. Crew Delaware Trust B (10% Owner) disposed off 15 shares at an average price of $4.95 for $74.0. The insider now directly holds 1,477,408 shares of Paltalk Inc (PALT).
