With 5.87 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.35 million shares. The 52-week range on PL shows that it touched its highest point at $6.71 and its lowest point at $1.67 during that stretch. It currently has a 1-year price target of $6.11. Beta for the stock currently stands at 1.41.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PL was down-trending over the past week, with a drop of -9.05%, but this was up by 47.38% over a month. Three-month performance surged to 87.67% while six-month performance rose 123.41%. The stock gained 145.85% in the past year, while it has gained 39.36% so far this year. A look at the trailing 12-month EPS for PL yields -0.41 with Next year EPS estimates of -0.08. For the next quarter, that number is -0.02. This implies an EPS growth rate of 37.08% for this year and 48.21% for next year. EPS is expected to grow by 45.94% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 35.30%.
Float and Shares Shorts:
At present, 275.27 million PL shares are outstanding with a float of 200.73 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PL since 7 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.24737 being high and -$0.25311 being low. For PL, this leads to a yearly average estimate of -$0.25024. Based on analyst estimates, the high estimate for the next quarter is -$0.02 and the low estimate is -$0.03. The average estimate for the next quarter is thus -$0.02.
