PRTH Stock Summary and Trading Ideas (Priority Tech Holdings | NASDAQ:PRTH)

Priority Technology Holdings Inc is a provider of merchant acquiring and commercial payment solutions to small and medium businesses enterprises in the United States. The company has three reportable segments which are SMB Payments, B2B Payments and Enterprise Payments. SMB Payments segment which generates majority revenue provides full-service acquiring and payment-enabled solutions for B2C transactions, leveraging priority's proprietary software platform, distributed through ISO; B2B Payments segment provides AP automation solutions to corporations, software partners and industry FIs: and Enterprise Payments segment provides embedded payment and treasury solutions to enterprise customers to modernize legacy platforms and accelerate software partners' strategies to monetize payments.

Priority Tech Holdings trades on the NASDAQ stock market under the symbol PRTH.

As of April 24, 2024, PRTH stock price declined to $3.16 with 17,322 million shares trading.

PRTH has a beta of 0.70, meaning it tends to be less sensitive to market movements. PRTH has a correlation of 0.02 to the broad based SPY ETF.

PRTH has a market cap of $239.51 million. This is considered a Small Cap stock.

Last quarter Priority Tech Holdings reported $199 million in Revenue and -$.16 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.06.

In the last 3 years, PRTH stock traded as high as $8.38 and as low as $2.62.

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

PRTH has underperformed the market in the last year with a return of -11.2%, while the SPY ETF gained +24.0%. In the last 3 month period, PRTH fell short of the market, returning -12.9%, while SPY returned +4.4%. However, in the most recent 2 weeks PRTH has outperformed the stock market by returning -1.2%, while SPY returned -2.9%.

PRTH support price is $3.06 and resistance is $3.30 (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 PRTH stock will trade within this expected range on the day.