Is Performant Financial Stock a Good Investment?
Performant Financial Investment Advice | PFMT |
- Examine Performant Financial's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Performant Financial's leadership team and their track record. Good management can help Performant Financial navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Commercial Services & Supplies space and any emerging trends that could impact Performant Financial's business and its evolving consumer preferences.
- Compare Performant Financial's performance and market position to its competitors. Analyze how Performant Financial is positioned in terms of product offerings, innovation, and market share.
- Check if Performant Financial pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Performant Financial's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Performant Financial stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that 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. Below is a detailed guide on how to decide if Performant Financial is a good investment.
Sell | Buy |
Hold
Market Performance | Very Weak | Details | |
Volatility | Moderately volatile | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Performant Financial Stock
Researching Performant Financial's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 84.0% of the company shares are owned by institutional investors. The book value of Performant Financial was at this time reported as 0.96. The company recorded a loss per share of 0.1. Performant Financial had not issued any dividends in recent years.
To determine if Performant Financial is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Performant Financial's research are outlined below:
| Performant Financial generated a negative expected return over the last 90 days | |
| Performant Financial has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 113.74 M. Net Loss for the year was (7.52 M) with profit before overhead, payroll, taxes, and interest of 23.87 M. | |
| Over 84.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Performant Financial Reports Q3 Loss, Misses Revenue Estimates - MSN |
Performant Financial Quarterly Accounts Payable |
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Performant Financial uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Performant Financial. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Performant Financial's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 12th of March 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Earnings surprises can significantly impact Performant Financial's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Performant Financial's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-08-07 | 2024-06-30 | -0.05 | -0.04 | 0.01 | 20 | ||
2024-05-07 | 2024-03-31 | -0.06 | -0.05 | 0.01 | 16 | ||
2024-03-12 | 2023-12-31 | 0.01 | 0.02 | 0.01 | 100 | ||
2023-11-07 | 2023-09-30 | -0.02 | -0.01 | 0.01 | 50 | ||
2023-08-08 | 2023-06-30 | -0.04 | -0.05 | -0.01 | 25 | ||
2022-08-08 | 2022-06-30 | -0.05 | -0.04 | 0.01 | 20 | ||
2017-03-01 | 2016-12-31 | -0.04 | -0.03 | 0.01 | 25 | ||
2013-05-09 | 2013-03-31 | 0.07 | 0.08 | 0.01 | 14 |
Know Performant Financial's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Performant Financial is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Performant Financial backward and forwards among themselves. Performant Financial's institutional investor refers to the entity that pools money to purchase Performant Financial's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | State Street Corp | 2024-06-30 | 1.1 M | Renaissance Technologies Corp | 2024-09-30 | 733.8 K | Essex Investment Management Company, Llc | 2024-09-30 | 663.6 K | Dimensional Fund Advisors, Inc. | 2024-09-30 | 560.2 K | Northern Trust Corp | 2024-09-30 | 550.8 K | Formula Growth Ltd | 2024-09-30 | 460 K | White Pine Capital Llc | 2024-09-30 | 229.4 K | Legato Capital Management Llc | 2024-09-30 | 228.9 K | Bridgeway Capital Management, Llc | 2024-09-30 | 220.9 K | Prescott Group Capital Management Llc | 2024-09-30 | 15.8 M | First Light Asset Management, Llc | 2024-09-30 | 11.2 M |
Performant Financial's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 248.18 M.Market Cap |
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Performant Financial's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.15) | (0.14) | |
| Return On Capital Employed | (0.07) | (0.07) | |
| Return On Assets | (0.08) | (0.07) | |
| Return On Equity | (0.09) | (0.10) |
Determining Performant Financial's profitability involves analyzing its financial statements and using various financial metrics to determine if Performant Financial is a good buy. For example, gross profit margin measures Performant Financial's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Performant Financial's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Performant Financial's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Performant Financial. Check Performant Financial's Beneish M Score to see the likelihood of Performant Financial's management manipulating its earnings.
Evaluate Performant Financial's management efficiency
Performant Financial has return on total asset (ROA) of (0.0426) % which means that it has lost $0.0426 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.106) %, meaning that it created substantial loss on money invested by shareholders. Performant Financial's management efficiency ratios could be used to measure how well Performant Financial manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to gain to -0.14 in 2024. Return On Capital Employed is likely to gain to -0.07 in 2024. Liabilities And Stockholders Equity is likely to gain to about 138.5 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 11.8 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 1.06 | 0.97 | |
| Tangible Book Value Per Share | 0.44 | 0.46 | |
| Enterprise Value Over EBITDA | 285.82 | 300.11 | |
| Price Book Value Ratio | 2.95 | 3.10 | |
| Enterprise Value Multiple | 285.82 | 300.11 | |
| Price Fair Value | 2.95 | 3.10 | |
| Enterprise Value | 158.3 M | 150.4 M |
Performant Financial has shown resilience through effective management strategies. Our analysis examines how these strategies influence financial outcomes and investor returns which helps in understanding the stock's long-term potential.
Beta 0.138 |
Basic technical analysis of Performant Stock
As of the 26th of November, Performant Financial holds the Risk Adjusted Performance of (0.01), variance of 10.03, and Coefficient Of Variation of (3,897). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Performant Financial, as well as the relationship between them.Performant Financial's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Performant Financial insiders, such as employees or executives, is commonly permitted as long as it does not rely on Performant Financial's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Performant Financial insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Performant Financial's Outstanding Corporate Bonds
Performant Financial issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Performant Financial uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Performant bonds can be classified according to their maturity, which is the date when Performant Financial has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Understand Performant Financial's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Performant Financial's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.05) | |||
| Mean Deviation | 2.14 | |||
| Coefficient Of Variation | (3,897) | |||
| Standard Deviation | 3.17 | |||
| Variance | 10.03 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.06) | |||
| Maximum Drawdown | 21.95 | |||
| Value At Risk | (3.95) | |||
| Potential Upside | 4.62 | |||
| Skewness | (1.59) | |||
| Kurtosis | 6.93 |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.05) | |||
| Mean Deviation | 2.14 | |||
| Coefficient Of Variation | (3,897) | |||
| Standard Deviation | 3.17 | |||
| Variance | 10.03 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.06) | |||
| Maximum Drawdown | 21.95 | |||
| Value At Risk | (3.95) | |||
| Potential Upside | 4.62 | |||
| Skewness | (1.59) | |||
| Kurtosis | 6.93 |
Consider Performant Financial's intraday indicators
Performant Financial intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Performant Financial stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Performant Financial Corporate Filings
13A | 15th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 7th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 6th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 15th of August 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
Performant Stock media impact
Far too much social signal, news, headlines, and media speculation about Performant Financial that are available to investors today. That information is available publicly through Performant media outlets and privately through word of mouth or via Performant internal channels. However, regardless of the origin, that massive amount of Performant data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Performant Financial news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Performant Financial relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Performant Financial's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Performant Financial alpha.
Performant Financial Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Performant Financial can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Performant Financial Corporate Management
| 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 |
Additional 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.