While Privia Health Group Inc has underperformed by -1.03%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PRVA fell by -14.99%, with highs and lows ranging from $24.30 to $15.92, whereas the simple moving average jumped by 6.06% in the last 200 days.
On December 16, 2024, Macquarie started tracking Privia Health Group Inc (NASDAQ: PRVA) recommending Outperform. A report published by KeyBanc Capital Markets on October 11, 2024, Initiated its previous ‘Overweight’ rating for PRVA. Robert W. Baird also rated PRVA shares as ‘Outperform’, setting a target price of $23 on the company’s shares in an initiating report dated May 30, 2024. Citigroup Initiated an Buy rating on April 22, 2024, and assigned a price target of $25. Barclays initiated its ‘Equal Weight’ rating for PRVA, as published in its report on March 06, 2024. Jefferies’s report from February 26, 2024 suggests a price prediction of $25 for PRVA shares, giving the stock a ‘Buy’ rating. BofA Securities also rated the stock as ‘Neutral’.
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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.
Privia Health Group Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. 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.
The average volume for any stock is also a very valuable indicator of volatility, and PRVA has an average volume of 719.73K. On a monthly basis, the volatility of the stock is set at 4.06%, whereas on a weekly basis, it is put at 5.14%, with a loss of -3.68% over the past seven days. Furthermore, long-term investors anticipate a median target price of $26.41, showing growth from the present price of $20.13, 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?
Health Information Services giant Privia Health Group Inc (PRVA) is based in the USA and is one of the largest companies in the market. 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 196.58, there is a growth in quarterly earnings of -37.83%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 11.47%. 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 97.20% 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 97.20% at present.
