With 2.77 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.94 million shares. The 52-week range on PAAS shows that it touched its highest point at $26.05 and its lowest point at $13.16 during that stretch. It currently has a 1-year price target of $29.66. With its current market cap of 9.03 billion, PAAS has annualized dividend of $0.40 while the current yield stands at 1.60%. Beta for the stock currently stands at 1.12.
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 PAAS was down-trending over the past week, with a drop of -0.32%, but this was up by 4.48% over a month. Three-month performance surged to 13.47% while six-month performance rose 23.35%. The stock gained 93.41% in the past year, while it has gained 23.29% so far this year. A look at the trailing 12-month EPS for PAAS yields 0.31 with Next year EPS estimates of 1.70. For the next quarter, that number is 0.22. This implies an EPS growth rate of 52.21% for this year and 41.15% for next year. EPS is expected to grow by 28.72% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -11.01%.
Float and Shares Shorts:
At present, 363.04 million PAAS shares are outstanding with a float of 361.51 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 PAAS since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 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 $0.83913 being high and $0.72924 being low. For PAAS, this leads to a yearly average estimate of $0.78918. Based on analyst estimates, the high estimate for the next quarter is $0.29 and the low estimate is $0.21. The average estimate for the next quarter is thus $0.25.
Summary of Insider Activity:
Insiders traded PAAS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.