Protalix BioTherapeutics Inc (AMEX: PLX) is 42.02% higher on its value in year-to-date trading and has touched a low of $0.82 and a high of $2.54 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 PLX stock was last observed hovering at around $2.52 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $2.67, the stock is 14.25% and 33.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing 5.95% at the moment leaves the stock 99.01% off its SMA200. PLX registered 84.14% gain for a year compared to 6-month gain of 167.00%. The firm has a 50-day simple moving average (SMA 50) of $1.9814 and a 200-day simple moving average (SMA200) of $1.33395.
The stock witnessed a 25.94% loss in the last 1 month and extending the period to 3 months gives it a 113.60%, and is 12.66% 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 5.66% over the week and 5.87% over the month.
Protalix BioTherapeutics Inc (PLX) has around 208 employees, a market worth around $196.60M and $45.67M in sales. Fwd P/E is 8.48. Profit margin for the company is -21.03%. Distance from 52-week low is 225.05% and 5.12% from its 52-week high. The company has generated returns on investments over the last 12 months (-26.24%).
with sales reaching $18.75M over the same period.The EPS is expected to shrink by -83.33% this year, but quarterly earnings will post -17.66% year-over-year. Quarterly sales are estimated to grow 78.77% in year-over-year returns.
The shares outstanding are 73.63M, and float is at 68.07M with Short Float at 5.87%.
The top institutional shareholder in the company is MILLENNIUM MANAGEMENT LLC with over 0.81 million shares valued at $0.95 million. The investor’s holdings represent 1.1106 of the PLX Shares outstanding. As of 2024-06-30, the second largest holder is RENAISSANCE TECHNOLOGIES LLC with 0.8 million shares valued at $0.94 million to account for 1.1016 of the shares outstanding. The other top investors are GOLDMAN SACHS GROUP INC which holds 0.46 million shares representing 0.6325 and valued at over $0.54 million, while NORTHERN TRUST CORP holds 0.5795 of the shares totaling 0.42 million with a market value of $0.5 million.
