PAVmed (NASDAQ:PAVM) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of PAVmed Inc. (NASDAQ:PAVMGet Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.72 and traded as low as $6.11. PAVmed shares last traded at $6.39, with a volume of 6,460 shares.

Analysts Set New Price Targets

Several brokerages have recently commented on PAVM. Weiss Ratings restated a “sell (d)” rating on shares of PAVmed in a report on Tuesday, April 21st. Ascendiant Capital Markets decreased their target price on PAVmed from $510.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Finally, Wall Street Zen upgraded PAVmed from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, PAVmed has a consensus rating of “Hold” and a consensus price target of $65.00.

Read Our Latest Analysis on PAVM

PAVmed Stock Up 0.6%

The firm has a fifty day moving average price of $8.72 and a 200 day moving average price of $9.30. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.70. The company has a market cap of $6.39 million, a P/E ratio of -0.17 and a beta of 0.64.

PAVmed (NASDAQ:PAVMGet Free Report) last announced its earnings results on Friday, May 15th. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($0.69) by ($0.48). PAVmed had a negative return on equity of 146.19% and a negative net margin of 21,914.12%.The business had revenue of $0.02 million for the quarter, compared to the consensus estimate of $0.07 million. Equities research analysts forecast that PAVmed Inc. will post -3.19 earnings per share for the current year.

Hedge Funds Weigh In On PAVmed

A hedge fund recently raised its stake in PAVmed stock. Jane Street Group LLC increased its position in shares of PAVmed Inc. (NASDAQ:PAVMFree Report) by 392.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,676 shares of the company’s stock after acquiring an additional 41,990 shares during the quarter. Jane Street Group LLC owned about 0.31% of PAVmed worth $32,000 at the end of the most recent quarter. Institutional investors own 19.93% of the company’s stock.

About PAVmed

(Get Free Report)

PAVmed Inc is a clinical-stage medical technology company focused on acquiring, developing and commercializing innovative medical devices aimed primarily at gastrointestinal endoscopy and related therapeutic areas. Its portfolio includes FDA-cleared products such as EsoFLIPĀ® Distensibility System for the treatment of esophageal strictures and MUSEā„¢ (Medigus Ultrasonic Surgical Endostapler) for endoscopic fundoplication in gastroesophageal reflux disease (GERD). In addition to its gastrointestinal franchise, PAVmed is advancing early-stage programs targeting indications in oncology, urology and dermatology.

Founded in 2012, PAVmed has built its pipeline through internal research and development as well as strategic collaborations and acquisitions.

See Also

Receive News & Ratings for PAVmed Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PAVmed and related companies with MarketBeat.com's FREE daily email newsletter.