PFMT Stock Summary and Trading Ideas (Performant Finl | NASDAQ:PFMT)

Performant Financial Corp provides technology-enabled recovery and related analytics services in the United States. The company provides its services on an outsourced basis where it handles many or all aspects of its clients' recovery processes. It uses technology-enabled services platform to provide recovery and analytics services in a range of markets for the identification and recovery of student loans, improper healthcare payments and delinquent state tax and federal treasury receivables. The services are offered across a broad range of government and private clients in several markets. The revenue generated here is generally on success-based as it earns fees based on a percentage of the aggregate amount of funds that it enables the clients to recover.

Performant Finl trades on the NASDAQ stock market under the symbol PFMT.

As of April 24, 2024, PFMT stock price declined to $2.68 with 145,469 million shares trading.

PFMT has a beta of 2.15, meaning it tends to be more sensitive to market movements. PFMT has a correlation of 0.18 to the broad based SPY ETF.

PFMT has a market cap of $206.02 million. This is considered a Small Cap stock.

Last quarter Performant Finl reported $33 million in Revenue and $.05 earnings per share. This beat revenue expectation by $977,000 and exceeded earnings estimates by $.05.

In the last 3 years, PFMT stock traded as high as $5.29 and as low as $1.72.

The top ETF exchange traded funds that PFMT belongs to (by Net Assets): VTI, IWM, VXF, IWO, VTWO.

PFMT has underperformed the market in the last year with a return of -17.8%, while the SPY ETF gained +24.1%. In the last 3 month period, PFMT fell short of the market, returning -3.9%, while SPY returned +4.5%. However, in the most recent 2 weeks PFMT has outperformed the stock market by returning +9.4%, while SPY returned -1.7%.

PFMT support price is $2.65 and resistance is $2.89 (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 PFMT stock will trade within this expected range on the day.