Stocks of Paragon 28 Inc (NYSE:FNA) traded higher last session on Wall Street, down -3.54% to $10.35.
FNA stock price is now 11.30% away from the 50-day moving average and 26.89% away from the 200-day moving average. The market capitalization of the company currently stands at $866.51M.
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On April 11, 2023, Stephens recently initiated its ‘Overweight’ rating on the stock quoting a target price of $23, while ‘B. Riley Securities’ rates the stock as ‘Buy’
In other news, MVM Partners, LLC, 10% Owner sold 25,485 shares of the company’s stock on Dec 06 ’24. The stock was sold for $256,634 at an average price of $10.07. Upon completion of the transaction, the 10% Owner now directly owns 10,400,548 shares in the company, valued at $107.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 09 ’24, 10% Owner MVM Partners, LLC sold 14,403 shares of the business’s stock. A total of $144,750 was realized by selling the stock at an average price of $10.05. This leaves the insider owning 10,386,145 shares of the company worth $107.5 million. A total of 53.04% of the company’s stock is owned by insiders.
During the past 12 months, Paragon 28 Inc has had a low of $4.65 and a high of $14.79. As of last week, the company has a debt-to-equity ratio of 0.79, a current ratio of 3.50, and a quick ratio of 1.60. The fifty day moving average price for FNA is $9.1902 and a two-hundred day moving average price translates $8.1521 for the stock.
The latest earnings results from Paragon 28 Inc (NYSE: FNA) was released for 2024-09-30. The net profit margin was -29.70% and return on equity was -43.68% for FNA. The company reported revenue of $62.34 million for the quarter, compared to $52.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.1 percent.
