Portage Biotech Inc (NASDAQ: PRTG) is 85.69% higher on its value in year-to-date trading and has touched a low of $2.10 and a high of $23.01 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 PRTG stock was last observed hovering at around $4.71 in the last trading session, with the day’s gains setting it 4.89%.
Currently trading at $9.60, the stock is 112.42% and 113.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 29.8 million and changing 103.82% at the moment leaves the stock 104.89% off its SMA200. PRTG registered -9.43% loss for a year compared to 6-month loss of 37.73%. The firm has a 50-day simple moving average (SMA 50) of $4.50636 and a 200-day simple moving average (SMA200) of $4.685545.
The stock witnessed a 121.20% gain in the last 1 month and extending the period to 3 months gives it a 84.97%, and is 131.33% 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 18.55% over the week and 9.57% over the month.
Portage Biotech Inc (PRTG) has around 7 employees, a market worth around $10.76M and $0.00M in sales. Distance from 52-week low is 357.58% and -58.28% from its 52-week high. The company has generated returns on investments over the last 12 months (-4812.45%).
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Portage Biotech Inc (PRTG) Top Institutional Holders
20.0 institutions hold shares in Portage Biotech Inc (PRTG), with institutional investors hold 12.74% of the company’s shares. The shares outstanding are 1.12M, and float is at 0.16M with Short Float at 8.64%. Institutions hold 6.20% of the Float.
The top institutional shareholder in the company is ARMISTICE CAPITAL, LLC with over 1.5 million shares valued at $0.32 million. The investor’s holdings represent 7.1866% of the PRTG Shares outstanding. As of 2024-06-30, the second largest holder is with 0.3 million shares valued at $71514.0 to account for 1.4247 of the shares outstanding. The other top investors are BISON WEALTH, LLC which holds 0.21 million shares representing 1.0212% and valued at over $0.12 million, while RENAISSANCE TECHNOLOGIES LLC holds 0.3627 of the shares totaling 75800.0 with a market value of $16085.0.
Portage Biotech Inc (PRTG) Insider Activity
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Still, SEC filings show that on Sep 18 ’24, Steven Mintz (Director) Proposed Sale 6,545 shares at an average price of $15.96 for $0.1 million. The insider now directly holds shares of Portage Biotech Inc (PRTG).
