While Pliant Therapeutics Inc has overperformed by 0.59%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PLRX fell by -12.04%, with highs and lows ranging from $19.62 to $10.22, whereas the simple moving average fell by -0.98% in the last 200 days.
On September 09, 2024, Leerink Partners started tracking Pliant Therapeutics Inc (NASDAQ: PLRX) recommending Outperform. A report published by Wells Fargo on December 08, 2023, Initiated its previous ‘Overweight’ rating for PLRX. Canaccord Genuity also rated PLRX shares as ‘Buy’, setting a target price of $48 on the company’s shares in an initiating report dated May 18, 2023. Robert W. Baird Initiated an Outperform rating on April 13, 2023, and assigned a price target of $44. Stifel initiated its ‘Buy’ rating for PLRX, as published in its report on December 14, 2022. JP Morgan’s report from December 07, 2022 suggests a price prediction of $42 for PLRX shares, giving the stock a ‘Overweight’ rating. Citigroup also rated the stock as ‘Buy’.
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Analysis of Pliant Therapeutics Inc (PLRX)
Further, the quarter-over-quarter decrease in sales is -100.00%, showing a negative trend in the upcoming months.
One of the most important indicators of Pliant Therapeutics Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -40.06% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 14.47, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and PLRX is recording 432.23K average volume. On a monthly basis, the volatility of the stock is set at 6.29%, whereas on a weekly basis, it is put at 7.93%, with a gain of 23.47% over the past seven days. Furthermore, long-term investors anticipate a median target price of $40.18, showing growth from the present price of $13.73, which can serve as yet another indication of whether PLRX is worth investing in or should be passed over.
How Do You Analyze Pliant Therapeutics Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 11.68%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 101.88% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PLRX shares are owned by institutional investors to the tune of 101.88% at present.
