With 0.72 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.0 million shares. The 52-week range on PHAT shows that it touched its highest point at $19.71 and its lowest point at $5.21 during that stretch. It currently has a 1-year price target of $24.62. Beta for the stock currently stands at 0.63.
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 PHAT was up-trending over the past week, with a rise of 0.89%, but this was down by -18.88% over a month. Three-month performance dropped to -36.22% while six-month performance fell -55.53%. The stock lost -44.25% in the past year, while it has lost -30.17% so far this year. A look at the trailing 12-month EPS for PHAT yields -5.69 with Next year EPS estimates of -4.25. For the next quarter, that number is -1.21. This implies an EPS growth rate of -34.71% for this year and 19.65% for next year. EPS is expected to grow by 22.16% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -137.06%.
Float and Shares Shorts:
At present, 68.32 million PHAT shares are outstanding with a float of 38.08 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 PHAT since 10 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 2 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 -$3.82111 being high and -$6.81277 being low. For PHAT, this leads to a yearly average estimate of -$5.29392. Based on analyst estimates, the high estimate for the next quarter is -$1.01 and the low estimate is -$1.06. The average estimate for the next quarter is thus -$1.03.
