Prenetics Global (PRE) Stock Price, News & Analysis

Company Overview

Prenetics Global Limited, a genomics-driven health sciences company, engages in revolutionizing prevention, early detection, and treatment. It offers CircleDNA, a prevention arm that uses whole exome sequencing to offer comprehensive consumer DNA test. The company also, through its joint venture, Insighta, engages in pioneering multi-cancer early detection technologies. In addition, the company, through its equity interests in ACT Genomics Holdings Company Limited, is involved in genomic profiling of solid tumors through ACTOnco. Prenetics Global Limited was founded in 2007 and is based in Quarry Bay, Hong Kong.

Key Stats

• Today's Range: $4.50 to $4.60
• 50-Day Range: $3.92 to $5.23
• 52-Week Range: $2.85 to $7.84
• Volume: 3,880 shs
• Average Volume: 5,355 shs
• Market Capitalization: $41.13 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $9.00
• Consensus Rating: Buy

Prenetics Global Stock Analysis - MarketRank™

Prenetics Global scored higher than 42% of companies evaluated by MarketBeat, and ranked 742nd out of 970 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Prenetics Global has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Prenetics Global has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Prenetics Global is -1.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Prenetics Global is -1.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Prenetics Global has a P/B Ratio of 0.20. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.47% of the float of Prenetics Global has been sold short.

Short Interest Ratio / Days to Cover

Prenetics Global has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Prenetics Global has recently increased by 19.81%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Prenetics Global does not currently pay a dividend.

Dividend Growth

Prenetics Global does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.47% of the float of Prenetics Global has been sold short.

Short Interest Ratio / Days to Cover

Prenetics Global has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Prenetics Global has recently increased by 19.81%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.35

News Sentiment

Prenetics Global has a news sentiment score of 0.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Prenetics Global this week, compared to 0 articles on an average week.

Search Interest

Only 2 people have searched for PRE on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Prenetics Global insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 7.80% of the stock of Prenetics Global is held by insiders.

Percentage Held by Institutions

Only 25.01% of the stock of Prenetics Global is held by institutions.

PRE Stock Analysis - Frequently Asked Questions

How have PRE shares performed this year?

Prenetics Global's stock was trading at $5.91 at the beginning of 2024. Since then, PRE stock has decreased by 23.9% and is now trading at $4.50.
View the best growth stocks for 2024 here.

How were Prenetics Global's earnings last quarter?

Prenetics Global Limited (NASDAQ:PRE) announced its earnings results on Monday, October, 7th. The company reported ($0.88) earnings per share for the quarter. The business earned $5.94 million during the quarter. Prenetics Global had a negative trailing twelve-month return on equity of 15.70% and a negative net margin of 229.17%.

When did Prenetics Global's stock split?

Shares of Prenetics Global reverse split on Tuesday, November 14th 2023. The 1-15 reverse split was announced on Wednesday, November 1st 2023. The number of shares owned by shareholders was adjusted after the closing bell on Monday, November 13th 2023. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

How do I buy shares of Prenetics Global?

Shares of PRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Prenetics Global own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Prenetics Global investors own include Arista Networks (ANET), Adobe (ADBE), Broadcom (AVGO), NVIDIA (NVDA), Intuit (INTU), Arch Capital Group (ACGL) and Celestica (CLS).

Company Calendar

• Last Earnings: 10/07/2024
• Today: 11/17/2024
• Next Earnings (Estimated): 11/18/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Analytical instruments
• Sub-Industry: Measuring And Control Equipment
• Current Symbol: NASDAQ:PRE
• CUSIP: N/A
• CIK: 1876431
• Web: www.prenetics.com
• Phone: 852-2210-9588
• Fax: N/A
• Employees: 1
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $9.00
• High Stock Price Target: $9.00
• Low Stock Price Target: $9.00
• Potential Upside/Downside: +100.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($3.23)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-62,720,000.00
• Net Margins: -229.17%
• Pretax Margin: -198.87%
• Return on Equity: -15.70%
• Return on Assets: -12.98%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.06
• Quick Ratio: 1.98

Sales & Book Value

• Annual Sales: $21.74 million
• Price / Sales: 1.89
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $23.00 per share
• Price / Book: 0.20

Miscellaneous

• Outstanding Shares: 9,140,000
• Free Float: 8,424,000
• Market Cap: $41.13 million
• Optionable: Not Optionable
• Beta: -0.20