Look For Institutional Buying In Paragon 28 Inc (NYSE: FNA)

Paragon 28 Inc (FNA) concluded trading on Wednesday at a closing price of $12.99, with 20.92 million shares of worth about $271.73 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 49.83% during that period and on January 29, 2025 the price saw a gain of about 8.25%. Currently the company’s common shares owned by public are about 83.60M shares, out of which, 39.31M shares are available for trading.

Stock saw a price change of 11.12% in past 5 days and over the past one month there was a price change of 25.51%. Year-to-date (YTD), FNA shares are showing a performance of 25.75% which increased to 5.78% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.65 but also hit the highest price of $14.79 during that period. The average intraday trading volume for Paragon 28 Inc shares is 648.04K. The stock is currently trading 17.96% above its 20-day simple moving average (SMA20), while that difference is up 23.53% for SMA50 and it goes to 58.84% higher than SMA200.

Paragon 28 Inc (NYSE: FNA) currently have 83.60M outstanding shares and institutions hold larger chunk of about 48.24% of that.

The stock has a current market capitalization of $1.09B and its 3Y-monthly beta is at 1.53. It has posted earnings per share of -$0.88 in the same period. It has Quick Ratio of 1.60 while making debt-to-equity ratio of 0.79. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FNA, volatility over the week remained 2.72% while standing at 5.16% over the month.

Stock’s fiscal year EPS is expected to drop by -10.59% while it is estimated to increase by 27.17% in next year.

On September 29, 2023, William Blair Initiated their recommendations, while on April 11, 2023, Stephens Initiated their ratings for the stock with a price target of $23. Stock get a Buy rating from B. Riley Securities on December 14, 2022.

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