P3 Health Partners (NASDAQ:PIII) Reaches New 1-Year Low – Here’s Why

P3 Health Partners Inc. (NASDAQ:PIII)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $7.00 and last traded at $8.99, with a volume of 81115 shares traded. The stock had previously closed at $7.58.

P3 Health Partners Trading Up 18.6 %

The stock has a market cap of $3.23 billion, a price-to-earnings ratio of -10.70 and a beta of 0.96. The business has a 50-day simple moving average of $0.36 and a two-hundred day simple moving average of $0.30. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.53 and a quick ratio of 0.53.

P3 Health Partners (NASDAQ:PIII) last announced its quarterly earnings results on Thursday, March 27th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.15). P3 Health Partners had a negative net margin of 6.95% and a negative return on equity of 71.31%. The business had revenue of $370.69 million for the quarter, compared to analyst estimates of $378.88 million. Equities analysts forecast that P3 Health Partners Inc. will post -0.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Trinity Financial Advisors LLC bought a new stake in shares of P3 Health Partners during the fourth quarter worth approximately $261,000. Geode Capital Management LLC boosted its stake in P3 Health Partners by 115.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,029,259 shares of the company’s stock valued at $398,000 after purchasing an additional 550,925 shares during the period. Wealthedge Investment Advisors LLC bought a new position in P3 Health Partners during the 4th quarter worth $83,000. XTX Topco Ltd bought a new position in P3 Health Partners during the fourth quarter worth about $46,000. Finally, Warberg Asset Management LLC grew its position in shares of P3 Health Partners by 1,353.5% during the 4th quarter. Warberg Asset Management LLC now owns 145,346 shares of the company’s stock worth $33,000 after purchasing an additional 135,346 shares in the last quarter. Institutional investors and hedge funds own 7.75% of the company’s stock.

P3 Health Partners Company Profile

P3 Health Partners Inc, a patient-centered and physician-led population health management company, provides superior care services in the United States. It operates clinics and wellness centers. P3 Health Partners Inc was founded in 2020 and is based in Henderson, Nevada.