PALT Stock Summary and Trading Ideas (Paltalk | NASDAQ:PALT)

Paltalk Inc is a communications software innovator. It operates a network of consumer applications where users can meet, see, chat, broadcast and message in real-time in a secure environment with others in the network. The company's product portfolio includes Paltalk, Camfrog, Tinychat and Vumber. Its consumer applications generate revenue principally from subscription fees and advertising arrangements. The company's majority revenue is generated from live video chat products that are :Paltalk and Camfrog.

Paltalk trades on the NASDAQ stock market under the symbol PALT.

As of October 4, 2024, PALT stock price climbed to $3.19 with 13,276 million shares trading.

PALT has a beta of 0.78, meaning it tends to be less sensitive to market movements. PALT has a correlation of 0.01 to the broad based SPY ETF.

PALT has a market cap of $29.42 million. This is considered a Sub-Micro Cap stock.

Last quarter Paltalk reported $2 million in Revenue and -$.10 earnings per share. This fell short of revenue expectation by $-435,000 and missed earnings estimates by -$.02.

In the last 3 years, PALT traded as high as $10.57 and as low as $1.28.

The top ETF exchange traded funds that PALT belongs to (by Net Assets): VTI, VXF, IWC, DFAT, DCOR.

PALT has outperformed the market in the last year with a price return of +68.8% while the SPY ETF gained +36.6%. However, in the short term, PALT had mixed performance relative to the market. It has underperformed in the last 3 months, returning -18.0% vs +4.2% return in SPY. But in the last 2 weeks, PALT shares have fared better than the market returning +6.7% compared to SPY +0.8%.

PALT support price is $2.94 and resistance is $3.26 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PALT shares will trade within this expected range on the day.