Performant Financial Stock Today
| PFMT Stock | USD 2.78 0.05 1.77% |
Performance0 of 100
| Odds Of DistressLess than 9
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Performant Financial is selling for under 2.78 as of the 5th of May 2024; that is -1.77 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 2.73. Performant Financial has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Performant Financial are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 16th of May 2022 and ending today, the 5th of May 2024. Click here to learn more.
Business Domain Commercial & Professional Services | IPO Date 10th of August 2012 | Category Industrials |
Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States. Performant Financial Corporation was founded in 1976 and is headquartered in Livermore, California. Performant Financial operates under Specialty Business Services classification in the United States and is traded on NASDAQ Exchange. The company has 76.92 M outstanding shares of which 679.28 K shares are at this time shorted by private and institutional investors with about 1.68 trading days to cover. More on Performant Financial
Moving together with Performant Stock
| 0.68 | BTM | Bitcoin Depot Symbol Change | PairCorr |
Moving against Performant Stock
| 0.56 | NL | NL Industries | PairCorr |
| 0.41 | ADVWW | Advantage Solutions | PairCorr |
Follow Valuation Options Odds of Bankruptcy
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Performant Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Performant Financial's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Performant Financial or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO Director | Simeon Kohl | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Commercial Services & Supplies, Commercial & Professional Services, Industrials, NASDAQ Composite, NASDAQ Composite Total, Industrials, Commercial Services & Supplies, Specialty Business Services, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Performant Financial report their recommendations after researching Performant Financial's financial statements, talking to executives and customers, or listening in on Performant Financial's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Performant Financial. The Performant consensus assessment is calculated by taking the average forecast from all of the analysts covering Performant Financial. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Performant Financial's profitability, liquidity, and operating efficiency, Performant Financial is not in a good financial situation at this time. It has a very high probability of going through financial hardship in June. Financial strength of Performant Financial is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Performant Financial's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Performant Financial's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Performant Financial's financial leverage. It provides some insight into what part of Performant Financial's total assets is financed by creditors.
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Performant Financial (PFMT) is traded on NASDAQ Exchange in USA. It is located in 900 South Pine Island Road, Plantation, FL, United States, 33324 and employs 958 people. Performant Financial is listed under Commercial Services & Supplies category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 213.84 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Performant Financial's market, we take the total number of its shares issued and multiply it by Performant Financial's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Performant Financial conducts business under Commercial Services & Supplies sector and is part of Industrials industry. The entity has 76.92 M outstanding shares of which 679.28 K shares are at this time shorted by private and institutional investors with about 1.68 trading days to cover.
Performant Financial currently holds about 15.97 M in cash with 3.86 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.22.
Check Performant Financial Probability Of Bankruptcy
Ownership AllocationPerformant Financial has a total of 76.92 Million outstanding shares. The majority of Performant Financial outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Performant Financial to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Performant Financial. Please pay attention to any change in the institutional holdings of Performant Financial as this could imply that something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Performant Ownership Details
Performant Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Performant Financial jumping above the current price in 90 days from now is about 55.3%. The Performant Financial probability density function shows the probability of Performant Financial stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.7514 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Performant Financial will likely underperform. Additionally, performant Financial has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Performant Financial to move above the current price in 90 days from now is about 55.3 (This Performant Financial probability density function shows the probability of Performant Stock to fall within a particular range of prices over 90 days) .
Performant Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Performant Financial that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Performant Financial's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Performant Financial's value.| Instituion | Recorded On | Shares | |
| State Street Corporation | 2023-12-31 | 1.1 M | |
| Wellington Management Company Llp | 2023-12-31 | 1 M | |
| Renaissance Technologies Corp | 2023-12-31 | 762.4 K | |
| Essex Investment Management Company, Llc | 2023-12-31 | 573.8 K | |
| Northern Trust Corp | 2023-12-31 | 557.5 K | |
| Formula Growth Ltd | 2023-12-31 | 520 K | |
| Greenwood Capital Associates, Llc | 2023-12-31 | 489.4 K | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 451.3 K | |
| Schonfeld Strategic Advisors Llc | 2023-09-30 | 357.9 K | |
| Prescott Group Capital Management Llc | 2023-12-31 | 15.8 M | |
| First Light Asset Management, Llc | 2023-12-31 | 9.7 M |
Performant Financial Historical Income Statement
Performant Financial Income Statement is one of the three primary financial statements used for reporting Performant's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Performant Financial revenue and expense. Performant Financial Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Performant Financial's Selling General Administrative is comparatively stable compared to the past year. Total Revenue is likely to gain to about 125.1 M in 2024, despite the fact that Gross Profit is likely to grow to (5.8 M). View More FundamentalsPerformant Stock Against Markets
Picking the right benchmark for Performant Financial stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Performant Financial stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Performant Financial is critical whether you are bullish or bearish towards Performant Financial at a given time. Please also check how Performant Financial's historical prices are related to one of the top price index indicators.
Be your own money manager
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Performant Financial Corporate Management
Elected by the shareholders, the Performant Financial's board of directors comprises two types of representatives: Performant Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Performant. The board's role is to monitor Performant Financial's management team and ensure that shareholders' interests are well served. Performant Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Performant Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Amanda Purvis | Senior Innovation | Profile | |
| Richard Zubek | Investor Professional | Profile | |
| Melissa Christ | Chief Officer | Profile | |
| Rohit Ramchandani | Chief Officer | Profile | |
| Scott Putnam | Vice Sales | Profile |
How to buy Performant Stock?
Before investing in Performant Financial, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Performant Financial. To buy Performant Financial stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Performant Financial. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Performant Financial stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Performant Financial stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Performant Financial stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Performant Financial, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Performant Stock please use our How to Invest in Performant Financial guide.
Already Invested in Performant Financial?
The danger of trading Performant Financial is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Performant Financial is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Performant Financial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Performant Financial is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Performant Financial is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Performant Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Performant Financial Stock. Highlighted below are key reports to facilitate an investment decision about Performant Financial Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Performant Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more information on how to buy Performant Stock please use our How to Invest in Performant Financial guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Performant Stock analysis
When running Performant Financial's price analysis, check to measure Performant Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Performant Financial is operating at the current time. Most of Performant Financial's value examination focuses on studying past and present price action to predict the probability of Performant Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Performant Financial's price. Additionally, you may evaluate how the addition of Performant Financial to your portfolios can decrease your overall portfolio volatility.
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Is Performant Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Performant Financial. If investors know Performant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Performant Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.10) | Revenue Per Share 1.494 | Quarterly Revenue Growth 0.114 | Return On Assets (0.04) | Return On Equity (0.09) |
The market value of Performant Financial is measured differently than its book value, which is the value of Performant that is recorded on the company's balance sheet. Investors also form their own opinion of Performant Financial's value that differs from its market value or its book value, called intrinsic value, which is Performant Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Performant Financial's market value can be influenced by many factors that don't directly affect Performant Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Performant Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Performant Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Performant Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.