Paragon 28 Stock Today
| FNA Stock | USD 10.53 0.76 7.78% |
Performance0 of 100
| Odds Of DistressLess than 32
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Paragon 28 is trading at 10.53 as of the 3rd of May 2024, a 7.78 percent up since the beginning of the trading day. The stock's open price was 9.77. Paragon 28 has about a 32 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Paragon 28 are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of April 2024 and ending today, the 3rd of May 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 15th of October 2021 | Category Healthcare | Classification Health Care |
Paragon 28, Inc. designs, develops, distributes, and sells foot and ankle surgical systems in the United States and internationally. Paragon 28, Inc. was founded in 2010 and is headquartered in Englewood, Colorado. Paragon 28 operates under Medical Devices classification in the United States and is traded on New York Stock Exchange. The company has 82.91 M outstanding shares of which 3.41 M shares are currently shorted by investors with about 5.11 days to cover. More on Paragon 28
Paragon Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Paragon 28's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Paragon 28 or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Albert DaCosta | ||||
| Thematic Idea | Medical Equipment (View all Themes) | ||||
| Old Names | [FIRST NIAGARA FINL, FIRST NIAGARA FINL - Frankfurt Stock Exchang] | ||||
| Business Concentration | Health Care Equipment & Supplies, Health Care Equipment & Services, Health Care, NYSE Composite, Medical Equipment, Health Care, Health Care Equipment & Supplies, Medical Devices, Healthcare (View all Sectors) | ||||
| Average Analyst Recommendation Analysts covering Paragon 28 report their recommendations after researching Paragon 28's financial statements, talking to executives and customers, or listening in on Paragon 28's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Paragon 28. The Paragon consensus assessment is calculated by taking the average forecast from all of the analysts covering Paragon 28. | |||||
Paragon 28's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Paragon 28's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Paragon 28's financial leverage. It provides some insight into what part of Paragon 28's total assets is financed by creditors.
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Paragon 28 (FNA) is traded on New York Stock Exchange in USA. It is located in 14445 Grasslands Drive, Englewood, CO, United States, 80112 and employs 574 people. Paragon 28 is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 809.99 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Paragon 28's market, we take the total number of its shares issued and multiply it by Paragon 28's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Paragon 28 runs under Health Care Equipment & Supplies sector within Health Care industry. The entity has 82.91 M outstanding shares of which 3.41 M shares are currently shorted by investors with about 5.11 days to cover.
Paragon 28 has about 73 M in cash with (63.89 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.95.
Check Paragon 28 Probability Of Bankruptcy
Ownership AllocationParagon 28 has a total of 82.91 Million outstanding shares. Paragon 28 has significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Paragon Ownership Details
Paragon Stock Price Odds Analysis
What are Paragon 28's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Paragon 28 jumping above the current price in 90 days from now is about 18.88%. The Paragon 28 probability density function shows the probability of Paragon 28 stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 2.4668. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Paragon 28 will likely underperform. Additionally, paragon 28 has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Paragon 28 to move above the current price in 90 days from now is about 18.88 (This Paragon 28 probability density function shows the probability of Paragon Stock to fall within a particular range of prices over 90 days) .
Paragon Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Paragon 28 that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Paragon 28's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Paragon 28's value.| Instituion | Recorded On | Shares | |
| Arrowmark Colorado Holdings, Llc (arrowmark Partners) | 2023-12-31 | 753.6 K | |
| Bank Of America Corp | 2023-12-31 | 734 K | |
| Loomis, Sayles & Company Lp | 2023-12-31 | 693.4 K | |
| Degroof Petercam Asset Management Sa | 2023-12-31 | 664 K | |
| Neuberger Berman Group Llc | 2023-12-31 | 587.1 K | |
| Woodline Partners Lp | 2023-12-31 | 500.5 K | |
| Wellington Management Company Llp | 2023-12-31 | 468.6 K | |
| Goldman Sachs Group Inc | 2023-12-31 | 396.1 K | |
| Northern Trust Corp | 2023-12-31 | 392.9 K | |
| Mvm Partners Llc | 2023-12-31 | 10.9 M | |
| First Light Asset Management, Llc | 2023-12-31 | 3.8 M |
Paragon 28 Historical Income Statement
Paragon 28 Income Statement is one of the three primary financial statements used for reporting Paragon's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Paragon 28 revenue and expense. Paragon 28 Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Paragon 28's Interest Income is projected to increase significantly based on the last few years of reporting. The current year's Income Tax Expense is expected to grow to about 273.2 K, whereas Tax Provision is projected to grow to (266 K). View More FundamentalsParagon Stock Against Markets
Picking the right benchmark for Paragon 28 stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Paragon 28 stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Paragon 28 is critical whether you are bullish or bearish towards Paragon 28 at a given time. Please also check how Paragon 28's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Paragon 28 without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Paragon 28 Corporate Directors
Paragon 28 corporate directors refer to members of a Paragon 28 board of directors. The board of directors generally takes responsibility for the Paragon 28's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Paragon 28's board members must vote for the resolution. The Paragon 28 board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| George Philip | Independent Director | Profile | |
| Kristina Wright | Independent Director | Profile | |
| Carl Florio | Independent Director | Profile | |
| Thomas Bowers | Independent Director | Profile |
How to buy Paragon Stock?
Before investing in Paragon 28, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Paragon 28. To buy Paragon 28 stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Paragon 28. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Paragon 28 stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Paragon 28 stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Paragon 28 stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Paragon 28, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Paragon Stock please use our How to Invest in Paragon 28 guide.
Already Invested in Paragon 28?
The danger of trading Paragon 28 is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Paragon 28 is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Paragon 28. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Paragon 28 is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Paragon 28 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Paragon 28's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Paragon 28 Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Paragon 28 Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Paragon 28. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Paragon Stock refer to our How to Trade Paragon Stock guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Paragon Stock analysis
When running Paragon 28's price analysis, check to measure Paragon 28's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Paragon 28 is operating at the current time. Most of Paragon 28's value examination focuses on studying past and present price action to predict the probability of Paragon 28's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paragon 28's price. Additionally, you may evaluate how the addition of Paragon 28 to your portfolios can decrease your overall portfolio volatility.
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Is Paragon 28's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Paragon 28. If investors know Paragon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Paragon 28 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.58) | Revenue Per Share 2.636 | Quarterly Revenue Growth 0.176 | Return On Assets (0.08) | Return On Equity (0.30) |
The market value of Paragon 28 is measured differently than its book value, which is the value of Paragon that is recorded on the company's balance sheet. Investors also form their own opinion of Paragon 28's value that differs from its market value or its book value, called intrinsic value, which is Paragon 28's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Paragon 28's market value can be influenced by many factors that don't directly affect Paragon 28's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Paragon 28's value and its price as these two are different measures arrived at by different means. Investors typically determine if Paragon 28 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paragon 28's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.