Priority Technology Holdings Inc (NASDAQ: PRTH) is 222.32% higher on its value in year-to-date trading and has touched a low of $2.82 and a high of $10.44 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 PRTH stock was last observed hovering at around $9.22 in the last trading session, with the day’s gains setting it 1.61%.
Currently trading at $10.83, the stock is 13.87% and 37.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing 17.46% at the moment leaves the stock 97.88% off its SMA200. PRTH registered 231.64% gain for a year compared to 6-month gain of 136.59%. The firm has a 50-day simple moving average (SMA 50) of $7.7706 and a 200-day simple moving average (SMA200) of $5.431175.
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The stock witnessed a 43.08% loss in the last 1 month and extending the period to 3 months gives it a 62.76%, and is 21.94% 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 11.82% over the week and 9.68% over the month.
Priority Technology Holdings Inc (PRTH) has around 983 employees, a market worth around $982.04M and $851.91M in sales. Fwd P/E is 17.47. Profit margin for the company is -3.85%. Distance from 52-week low is 284.18% and 3.69% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.39%).
The EPS is expected to grow by 75.66% this year
79.0 institutions hold shares in Priority Technology Holdings Inc (PRTH), with institutional investors hold 51.94% of the company’s shares. The shares outstanding are 77.09M, and float is at 13.72M with Short Float at 5.90%. Institutions hold 12.82% of the Float.
The top institutional shareholder in the company is STONE POINT CAPITAL LLC with over 5.19 million shares valued at $27.42 million. The investor’s holdings represent 6.656 of the PRTH Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 0.88 million shares valued at $4.67 million to account for 1.1326 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 0.84 million shares representing 1.0759 and valued at over $4.43 million, while GEODE CAPITAL MANAGEMENT, LLC holds 0.4803 of the shares totaling 0.37 million with a market value of $1.98 million.
Priority Technology Holdings Inc (PRTH) Insider Activity
The most recent transaction is an insider sale by Kiewiet Sean, the company’s Chief Strategy Officer. SEC filings show that Kiewiet Sean sold 100 shares of the company’s common stock on Dec 17 ’24 at a price of $10.00 per share for a total of $1000.0. Following the sale, the insider now owns 0.88 million shares.
Priority Technology Holdings Inc disclosed in a document filed with the SEC on Dec 11 ’24 that Kiewiet Sean (Chief Strategy Officer) sold a total of 100 shares of the company’s common stock. The trade occurred on Dec 11 ’24 and was made at $10.00 per share for $1000.0. Following the transaction, the insider now directly holds 0.88 million shares of the PRTH stock.
Still, SEC filings show that on Dec 05 ’24, Kiewiet Sean (Chief Strategy Officer) disposed off 3,764 shares at an average price of $10.01 for $37678.0. The insider now directly holds 882,649 shares of Priority Technology Holdings Inc (PRTH).
