Patria Investments Ltd (NASDAQ: PAX) is 10.83% higher on its value in year-to-date trading and has touched a low of $9.43 and a high of $13.34 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 PAX stock was last observed hovering at around $12.73 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $12.89, the stock is 2.64% and 13.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.97 million and changing 1.26% at the moment leaves the stock 11.20% off its SMA200. PAX registered -0.85% loss for a year compared to 6-month loss of 7.78%. The firm has a 50-day simple moving average (SMA 50) of $11.3558 and a 200-day simple moving average (SMA200) of $11.591725.
The stock witnessed a 19.80% gain in the last 1 month and extending the period to 3 months gives it a 15.40%, and is -1.45% 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 1.23% over the week and 1.60% over the month.
Patria Investments Ltd (PAX) has around 577 employees, a market worth around $2.04B and $390.41M in sales. Current P/E ratio is 27.59 and Fwd P/E is 9.94. Profit margin for the company is 17.94%. Distance from 52-week low is 36.69% and -3.37% from its 52-week high. The company has generated returns on investments over the last 12 months (10.00%).
The EPS is expected to grow by 4.89% this year
191.0 institutions hold shares in Patria Investments Ltd (PAX), with institutional investors hold 71.34% of the company’s shares. The shares outstanding are 65.13M, and float is at 60.84M with Short Float at 2.76%. Institutions hold 70.34% of the Float.
The top institutional shareholder in the company is CAPITAL RESEARCH GLOBAL INVESTORS with over 10.15 million shares valued at $$122.42 million. The investor’s holdings represent 6.7029 of the PAX Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 5.49 million shares valued at $$66.25 million to account for 3.6271 of the shares outstanding. The other top investors are GRANDEUR PEAK GLOBAL ADVISORS, LLC which holds 3.65 million shares representing 2.4069 and valued at over $$43.96 million, while BLACKROCK INC. holds 2.2938 of the shares totaling 3.47 million with a market value of $$41.89 million.
