Portillos Inc (NASDAQ:PTLO) shares, rose in value, with the stock price up by 0.25% to the previous day’s close as strong demand from buyers drove the stock to $12.03.
Actively observing the price movement in the last trading, the stock closed the session at $12.00. The PE ratio was 38.48 over 12-month period. Referring to stock’s 52-week performance, its high was $23.99, and the low was $11.53. On the whole, PTLO has fluctuated by -14.38% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 759.96M, with a low estimate of 167.47M and a high estimate of 178.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 174.84M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PTLO’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.91, with the price of PTLO currently trading nearly -6.47% and -10.18% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.54, while the 7-day volatility ratio is showing 3.11% which for the 30-day chart, stands at 3.81%. Furthermore, Portillos Inc (PTLO)’s beta value is 1.88, and its average true range (ATR) is 0.50.
A comparison of Portillos Inc (PTLO) with its peers suggests the former has fared considerably weaker in the market. PTLO showed an intraday change of 0.25% in last session, and over the past year, it shrunk by -41.69%%.
Data on historical trading for Portillos Inc (NASDAQ:PTLO) indicates that the trading volumes over the past 3 months, they’ve averaged 909.48K. According to company’s latest data on outstanding shares, there are 61.55 million shares outstanding.
Nearly 8.94% of Portillos Inc’s shares belong to company insiders and institutional investors own 63.74% of the company’s shares. The stock has fallen by -24.48% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PTLO stock heading into the next quarter.
