During the recent session, PLx Pharma Inc. (NASDAQ:PLXP)’s traded shares were 0.64 million, with the beta value of the company hitting 4.72. At the last check today, the stock’s price was $13.49, reflecting an intraday loss of -17.05% or -$2.77. The 52-week high for the PLXP share is $21.50, that puts it down -59.38 from that peak though still a striking 77.76% gain since the share price plummeted to a 52-week low of $3.00. The company’s market capitalization is $477.72M, and the average intraday trading volume over the past 10 days was 0.27 million shares, and the average trade volume was 507.16K shares over the past three months.
PLx Pharma Inc. (PLXP) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.00. PLXP has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.46.
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PLx Pharma Inc. (PLXP) registered a -17.05% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -17.05% in intraday trading to $13.49 this Wednesday, 10/13/21, hitting a weekly high. The stock’s 5-day price performance is -13.56%, and it has moved by -3.67% in 30 days. Based on these gigs, the overall price performance for the year is 401.85%. The short interest in PLx Pharma Inc. (NASDAQ:PLXP) is 1.67 million shares and it means that shorts have 1.74 day(s) to cover.
The consensus price target of analysts on Wall Street is $24.00, which implies an increase of 43.79% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $21.00 and $29.00 respectively. As a result, PLXP is trading at a discount of -114.97% off the target high and -55.67% off the low.
PLx Pharma Inc. (PLXP) estimates and forecasts
Statistics show that PLx Pharma Inc. has underperformed its competitors in share price, compared to the industry in which it operates. PLx Pharma Inc. (PLXP) shares have gone up 51.54% during the last six months, with a year-to-date growth rate less than the industry average at -36.78% against 17.30. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to shrink -15.00% this quarter and then jump 44.80% in the quarter after that. In the rating firms’ projections, revenue will increase 33,133.30% compared to the previous financial year.
Revenue for the current quarter is expected to be $4.63 million as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $5.37 million by the end of Dec 2021.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 35.70%. While earnings are projected to return 54.60% in 2021, the next five years will return 40.00% per annum.
PLx Pharma Inc. is due to release its next quarterly earnings on May 14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
PLx Pharma Inc. (NASDAQ:PLXP)’s Major holders
PLx Pharma Inc. insiders own 15.48% of total outstanding shares while institutional holders control 42.39%, with the float percentage being 50.16%. MSD Partners, L.P. is the largest shareholder of the company, while 59 institutions own stock in it. As of Jun 29, 2021, the company held over 1.88 million shares (or 6.97% of all shares), a total value of $25.88 million in shares.
The next largest institutional holding, with 1.47 million shares, is of Park West Asset Management LLC’s that is approximately 5.48% of outstanding shares. At the market price on Jun 29, 2021, these shares were valued at $20.33 million.
Also, the Mutual Funds coming in first place with the largest holdings of PLx Pharma Inc. (PLXP) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Jun 29, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 0.56 million shares. This amounts to just over 2.09 percent of the company’s overall shares, with a $7.76 million market value. The same data shows that the other fund manager holds slightly less at 0.33 million, or about 1.23% of the stock, which is worth about $4.57 million.