Prenetics Global Limited (NASDAQ:PRE) shares, rose in value, with the stock price up by 4.81% to the previous day’s close as strong demand from buyers drove the stock to $4.79.
Actively observing the price movement in the last trading, the stock closed the session at $4.57. Referring to stock’s 52-week performance, its high was $15.90, and the low was $2.85. On the whole, PRE has fluctuated by 6.44% over the past month.
As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0 for fiscal year $1.65 and then to about $9 by fiscal year 2025. Data indicates that the EPS growth is expected to be 129.60% in 2025, while the next year’s EPS growth is forecast to be 445.50%.
Analysts have estimated the company’s revenue for the quarter at $38.78 million, with a low estimate of $38.78 million and a high estimate of $38.78 million. According to the average forecast, sales growth in current quarter could jump up 119.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $156.6 million, representing an increase of 620.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that PRE’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PRE currently trading nearly 30.40% and 8.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.71, while the 7-day volatility ratio is showing 31.10% which for the 30-day chart, stands at 16.37%. Furthermore, Prenetics Global Limited (PRE)’s beta value is -0.21, and its average true range (ATR) is 0.65.
A comparison of Prenetics Global Limited (PRE) with its peers suggests the former has fared considerably weaker in the market. PRE showed an intraday change of 4.81% in last session, and over the past year, it shrunk by -61.64%%.
Data on historical trading for Prenetics Global Limited (NASDAQ:PRE) indicates that the trading volumes over the past 3 months, they’ve averaged 88.59K. According to company’s latest data on outstanding shares, there are 12.13 million shares outstanding.
Nearly 37.19% of Prenetics Global Limited’s shares belong to company insiders and institutional investors own 10.34% of the company’s shares. The stock has fallen by -18.95% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PRE stock heading into the next quarter.
