PHLT Stock Summary and Trading Ideas (Performant Healthcare | NASDAQ:PHLT)

Performant Healthcare Inc provides solutions to payers in the healthcare industry to identify, prevent, and recover waste and improper payments by leveraging technology, analytics, and proprietary data assets.

Performant Healthcare trades on the NASDAQ stock market under the symbol PHLT.

As of April 3, 2025, PHLT stock price declined to $2.66 with 191,695 million shares trading.

PHLT has a beta of -0.48, meaning it tends to be less sensitive to market movements. PHLT has a correlation of 0.01 to the broad based SPY ETF.

PHLT has a market cap of $208.26 million. This is considered a Small Cap stock.

Last quarter Performant Healthcare reported $35 million in Revenue and $.02 earnings per share. This beat revenue expectation by $616,000 and exceeded earnings estimates by $.02.

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

PHLT support price is $2.71 and resistance is $2.96 (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 PHLT shares will trade within this expected range on the day.