While Privia Health Group Inc has underperformed by -2.26%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PRVA fell by -10.36%, with highs and lows ranging from $24.35 to $15.92, whereas the simple moving average jumped by 11.99% in the last 200 days.
On October 11, 2024, KeyBanc Capital Markets started tracking Privia Health Group Inc (NASDAQ: PRVA) recommending Overweight. A report published by Robert W. Baird on May 30, 2024, Initiated its previous ‘Outperform’ rating for PRVA. Citigroup also rated PRVA shares as ‘Buy’, setting a target price of $25 on the company’s shares in an initiating report dated April 22, 2024. Barclays Initiated an Equal Weight rating on March 06, 2024, and assigned a price target of $22. Jefferies initiated its ‘Buy’ rating for PRVA, as published in its report on February 26, 2024. BofA Securities’s report from February 22, 2024 suggests a price prediction of $21 for PRVA shares, giving the stock a ‘Neutral’ rating. JMP Securities also rated the stock as ‘Mkt Outperform’.
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Analysis of Privia Health Group Inc (PRVA)
Further, the quarter-over-quarter increase in sales is 4.95%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Privia Health Group Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 2.21% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.78, 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.
An average volume of 795.08K can be a very valuable indicator of volatility for PRVA stock. On a monthly basis, the volatility of the stock is set at 4.39%, whereas on a weekly basis, it is put at 4.49%, with a loss of -0.47% over the past seven days. Furthermore, long-term investors anticipate a median target price of $26.75, showing growth from the present price of $21.20, which can serve as yet another indication of whether PRVA is worth investing in or should be passed over.
How Do You Analyze Privia Health Group Inc Shares?
The USA based company Privia Health Group Inc (PRVA) is one of the biggest names in Health Information Services. When comparing Privia Health Group Inc shares with other companies under Healthcare, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 207.03, there is a growth in quarterly earnings of -37.83%.
In addition to the fundamentals, you should also consider how many employees own shares in 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 11.44%. 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 96.95% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PRVA shares are owned by institutional investors to the tune of 96.95% at present.
