Performant Financial Corporation (PFMT) Stock: Is This Service Stock Worth Your Investment?

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Performant Financial Corporation (PFMT) is making a move down in the market today. The company, one that is focused on the service sector, is presently trading at $1.27 after a move down of -8.63% so far in today’s session. When it comes to service companies, there are quite a few aspects that have the ability to cause declines in the market. News tends to be one of the biggest reasons for the movement. Here are the recent trending headlines relating to PFMT:

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May-15-19 12:52AM Edited Transcript of PFMT earnings conference call or presentation 7-May-19 9:00pm GMT
May-07-19 08:25PM Performant Financial (PFMT) Reports Q1 Loss, Tops Revenue Estimates
07:17PM Performant Financial: 1Q Earnings Snapshot
04:05PM Performant Financial Corporation Announces Financial Results for First Quarter 2019
Apr-30-19 04:05PM Performant Financial Corporation to Report First Quarter 2019 Earnings on May 7, 2019

Nonetheless, any time investors are making an investing decision, investors should look into far more than news, this is especially the case in the ever incredibly complex service space. Here’s what’s happing when it comes to Performant Financial Corporation.

Performance Trends That We’ve Seen From PFMT

Although a single session decline, like the fall that we’re seeing from Performant Financial Corporation might make some investors unhappy, a single session fall alone shouldn’t be the basis of a decision to, or not to, invest in a stock. It is always a good idea to dig into trends experienced by the stock just a single session. As it relates to PFMT, below are the movements that we have seen:

  • Past 5 Trading Sessions – Throughout the past seven days, PFMT has seen a change in value in the amount of -1.42%.
  • Past Month – The return on investment from Performant Financial Corporation over the past month comes to -20.57%.
  • Past Quarter – In the past quarter, the stock has generated a return of -28.72%
  • Past 6 Months – Over the last six months, we have seen a performance of -6.71% from the stock.
  • Year To Date – Since the the first trading session of this year PFMT has resulted in a ROI of -38.22%.
  • Full Year – Finally, in the last year, we’ve seen a change of -37.39% from PFMT. Over this period, the stock has traded at a high price of -55.66% and a low price of 1.60%.

Ratios To Pay Attention To

Looking at a few key ratios associated with a stock generally gives prospective investors an understanding of how dangerous and/or potentially profitable a an investment option may be. Here are a few of the most important ratios to look at when looking at PFMT.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors are expecting that the value of the stock is going to tumble. Across the sector, strong service sector stocks tend to have a lower short ratio. However, we also tend to see quite a few short squeezes in the sector. Nonetheless, as it relates to Performant Financial Corporation, it’s short ratio comes to 6.43.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Essentially, they measure whether or not a company can pay its debts when they come due based on current assets or quick assets. come with good current and quick ratios. In terms of PFMT, the quick and current ratios come to 1.30 and 1.30 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the book value of assets that are owned by the company. In this particular case, that ratio equates to 1.30.

Cash To Share Value – The cash to share value ratio compares the total amount of cash the company has on hand to the value of the company’s stock. In this case, the cash to share value works out to 0.09.

Moves From Big Money Players

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in PFMT, here’s what we’re seeing:

Institutions own 58.60% of the company. Institutional interest has moved by -0.94% over the past three months. When it comes to insiders, those who are close to the company currently own 1.10% percent of PFMT shares. Institutions have seen ownership changes of an accumulative -2.30% over the last three months.

What Analysts Think About Performant Financial Corporation

While it’s rarely a good idea to unknowingly follow the thoughts of analysts, it is a smart idea to use their opinions when validating your own thoughts before making investment decisions in the service industry. Below you’ll find the most recent moves that we’ve seen from analysts with regard to PFMT.

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Jan-12-18 Upgrade Compass Point Neutral → Buy
Feb-26-16 Reiterated Compass Point Neutral $3 → $2.50
May-07-15 Reiterated Compass Point Neutral $6 → $3.50
Feb-27-15 Downgrade Compass Point Buy → Neutral $10 → $6
Jul-08-14 Reiterated Compass Point Buy $11 → $12

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.03. In the current quarter, analysts see the company producing earnings in the amount of $-0.10. Over the last 5 years, PFMT has generated revenue in the amount of $-9.40% with earnings coming in at -17.20%. On a quarter over quarter basis, earnings have seen movement of -201.20% and revenue has seen movement of -38.80%.

What’s The Float Looking Like?

Investors tend to have a heavy interest in the total numbers of shares both available and outstanding. With respect to Performant Financial Corporation, there are currently 51.71M and there is a float of 32.32M. These data mean that out of the total of 51.71M shares of PFMT currently in existence today, 32.32M are available to trade hands on the market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to PFMT, the short percent of the float is 0.38%.

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