While Paragon 28 Inc has underperformed by -2.99%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FNA fell by -30.50%, with highs and lows ranging from $19.72 to $7.95, whereas the simple moving average fell by -9.01% in the last 200 days.
On September 29, 2023, William Blair started tracking Paragon 28 Inc (NYSE: FNA) recommending Outperform. A report published by Stephens on April 11, 2023, Initiated its previous ‘Overweight’ rating for FNA. B. Riley Securities also rated FNA shares as ‘Buy’, setting a target price of $32 on the company’s shares in an initiating report dated December 14, 2022.
Analysis of Paragon 28 Inc (FNA)
Further, the quarter-over-quarter increase in sales is 17.58%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Paragon 28 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 -30.03% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.30, 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 507.67K can be a very valuable indicator of volatility for FNA stock. On a monthly basis, the volatility of the stock is set at 6.08%, whereas on a weekly basis, it is put at 8.80%, with a gain of 24.63% over the past seven days. Furthermore, long-term investors anticipate a median target price of $18.00, showing growth from the present price of $11.69, which can serve as yet another indication of whether FNA is worth investing in or should be passed over.
How Do You Analyze Paragon 28 Inc Shares?
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 55.99%. 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 36.23% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
FNA shares are owned by institutional investors to the tune of 36.23% at present.
