The shares have dropped -10.3% since the company’s Sep-15 earnings report. Over the past 2 fiscal quarters, Precipio, Inc. (NASDAQ:PRPO) has topped consensus earnings estimates in 2 quarters (18%), missed earnings in 0 quarters (0%), whereas at 0 occasion EPS met analyst expectations. PRPO last reported earnings on November 19, 2018 when it released Sep-18 results that receded expectations. The company raked in -$0.17 per share, -100.13% change on the same period last year. That was worse than consensus for $0.57. Revenue for the recent quarter stood at $3.96 million, down -38% on last year and below the $6.65 million predicted by analysts.
PRPO’s 50 day simple moving average (SMA 50) price is $0.22 and its 200-day simple moving average (SMA 200) price is $0.37. The company’s stock currently has a total float of 27.31M shares. Its weekly volatility is hovering around 19.91% and felt 14.98% volatility in price over a month. On the upside, the share price will test short term resistance at around $0.29. On a downside, the stock is likely to find some support, which begins at $0.23. The failure to get near-term support could push it to $0.21.
Separately, it has been reported that multiple insider activity took place at Precipio, Inc. (PRPO). 10% Owner Kirk Randal J sold 24,600 shares for $1,334,521 in transaction occurred on 2018/08/28. After making this transaction, the 10% Owner owns a direct stake of 10,086 shares, worth $346,976, as per the last closing price. On 2017/06/08 Kirk Randal J, 10% Owner at PRPO, dumped 1,975,000 shares at an average price of $1 per share. The selling total is valued at $1,449,674.
10% Owner, Kirk Randal J had invested in 4,474,825 shares for $7,550,669 through a trade on 2016/01/06. Following this activity, the insider holds 4,474,825 shares worth $1,963,174 as of recent close.
Also, it is trading at rather inexpensive levels at just over 0.65x price/book and 2.29x price/sales. PRPO’s ROE is -220.5%, which is also considerably worse than the industry’s ROE of 10.14%. It’s also not liquid in the near term, with a current ratio of 0.1. The stock has a debt/capital of 0.4.
Precipio, Inc. (NASDAQ:PRPO) shares went up 10.59% in Friday’s session, putting the price tag at $0.26 plus $7.1M in market capitalization. Earlier in the session, the stock traded between $0.24 and $0.3. Trading activity significantly improved as the volume at ready counter increased to 14,617,216 shares versus 2,864,075 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 6,376,313 shares. The stock is now 73.33% above against its bear-market low of $0.15 on January 02, 2019. It has retreated -573.08% since it’s 52-week high of $1.75 reached in March. Now the market price is down -79.37% on the year and up 68.83% YTD.