Saturday, June 25, 2022

A Guide To The Risks Of Investing In Phathom Pharmaceuticals Inc. (PHAT)

Phathom Pharmaceuticals Inc.’s filing revealed that its Chief Operating Officer Nabulsi Azmi acquired Company’s shares for reported $0.16 million on May 16. In the deal valued at $8.16 per share,20,000 shares were bought. As a result of this transaction, Nabulsi Azmi now holds 785,700 shares worth roughly $ 5.95 million.


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Then, Curran Terrie bought 20,500 shares, generating $151,835 in total proceeds. Upon buying the shares at $7.41, the President and Chief Executive now owns 64,595 shares.

Before that, Parikh Asit bought 12,500 shares. Phathom Pharmaceuticals Inc. shares valued at $100,000 were divested by the Director at a price of $8.00 per share. As a result of the transaction, Parikh Asit now holds 12,500 shares, worth roughly $94625.0.

Meanwhile, Evercore ISI downgraded its Phathom Pharmaceuticals Inc. [PHAT] rating to an In-line from a an Outperform in a research note published on Tuesday. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid May from “a Sell” to “a Neutral”. BMO Capital Markets began covering PHAT with a “an Outperform” recommendation on February 17, 2021. Guggenheim started covering the stock on February 02, 2021. It rated PHAT as “a Buy”.

Price Performance Review of PHAT

On Tuesday, Phathom Pharmaceuticals Inc. [NASDAQ:PHAT] saw its stock jump 20.73% to $7.57. On the same session, the stock had its day’s lowest price of $6.42, but rose to a high of $7.71. Over the last five days, the stock has gained 17.73%. Phathom Pharmaceuticals Inc. shares have fallen nearly -61.51% since the year began. Nevertheless, the stocks have fallen -78.51% over the past one year. While a 52-week high of $37.17 was reached on 01/04/22, a 52-week low of $6.09 was recorded on 06/16/22. SMA at 50 days reached $10.07, while 200 days put it at $18.59. A total of 0.84 million shares were traded, compared to the trading of 0.23 million shares in the previous session.

Levels Of Support And Resistance For PHAT Stock

The 24-hour chart illustrates a support level at 6.76, which if violated will result in even more drops to 5.94. On the upside, there is a resistance level at 8.05. A further resistance level may holdings at 8.52. The Relative Strength Index (RSI) on the 14-day chart is 47.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.47%. Stochastics %K at 34.86% indicates the stock is a holding.

Phathom Pharmaceuticals Inc. [PHAT] – Who Are The Largest Shareholders?

In filings from Invesco Advisers, Inc., it is revealed that the company now owns 2,036,055 shares, or roughly 5.21% of the outstanding PHAT shares. In other words, the investor’s shares have fallen by -15,664 from its previous 13-F filing of 2051719.0. Additionally, Janus Henderson Investors US LLC increased 8.54% of its stake after which the total value it holdings stand at $14,330,521, while Avidity Partners Management LP added 2.64% of its stake to hold $13.95 million in the firm. Over the last quarter, The Vanguard Group, Inc. purchased 17,108 shares of Phathom Pharmaceuticals Inc., while BlackRock Fund Advisors bought -74,331 shares. At present, Ensign Peak Advisors, Inc. is holding 1,104,759 shares valued at $7.92 million. Norges Bank Investment Management owned 660,690 shares of the company at the time of its most recent 13F filing, worth $4.74 million.

According to FactSet, Phathom Pharmaceuticals Inc.’s share price will average $38.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 585.81 percent from its previous closing price of $6.27. Analysts expect Phathom Pharmaceuticals Inc. stock to reach the higher price of $54.00, while the lowest price estimate is $15.00. However, 5 analysts have rated PHAT stock as an Overweight in their predictions for 2022.

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