Patria Investments Ltd (NASDAQ: PAX) is -26.85% lower on its value in year-to-date trading and has touched a low of $10.63 and a high of $16.16 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 $11.75 in the last trading session, with the day’s loss setting it -0.4%.
Currently trading at $11.35, the stock is -7.73% and -5.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing -3.45% at the moment leaves the stock -9.19% off its SMA200. PAX registered -26.81% loss for a year compared to 6-month loss of -5.69%. The firm has a 50-day simple moving average (SMA 50) of $11.9521 and a 200-day simple moving average (SMA200) of $12.51075.
The stock witnessed a -5.14% gain in the last 1 month and extending the period to 3 months gives it a 0.58%, and is -10.95% 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 4.90% over the week and 3.02% over the month.
Patria Investments Ltd (PAX) has around 430 employees, a market worth around $1.73B and $315.29M in sales. Current P/E ratio is 20.80 and Fwd P/E is 8.52. Profit margin for the company is 25.89%. Distance from 52-week low is 6.73% and -29.80% from its 52-week high. The company has generated returns on investments over the last 12 months (12.05%).
The EPS is expected to shrink by -21.53% this year
The shares outstanding are 152.71M, and float is at 58.94M with Short Float at 6.34%.
The top institutional shareholder in the company is CAPITAL RESEARCH GLOBAL INVESTORS with over 10.15 million shares valued at $122.42 million. The investor’s holdings represent 6.7345 of the PAX Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 5.49 million shares valued at $66.25 million to account for 3.6443 of the shares outstanding. The other top investors are GRANDEUR PEAK GLOBAL ADVISORS, LLC which holds 3.65 million shares representing 2.4183 and valued at over $43.96 million, while BLACKROCK INC. holds 2.3047 of the shares totaling 3.47 million with a market value of $41.89 million.
