Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Paragon 28 Inc before investing.

In this article, we go over a few key elements for understanding Paragon 28 Inc’s stock price such as:

• Paragon 28 Inc’s current stock price and volume
• Why Paragon 28 Inc’s stock price changed recently
• Upgrades and downgrades for FNA from analysts
• FNA’s stock price momentum as measured by its relative strength

About Paragon 28 Inc (FNA)

Before we jump into Paragon 28 Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Paragon 28, Inc. is a medical device company focused on the foot and ankle orthopedic market. The Company provides orthopedic solutions, procedural approaches and instrumentation that cover a range of foot and ankle ailments, including fracture fixation, forefoot, ankle, progressive collapsing foot deformity (PCFD) or flatfoot, Charcot foot and orthobiologics. To treat these painful, debilitating or even life-threatening conditions, it provides a portfolio of solutions that includes surgical implants and disposables, as well as surgical instrumentation. Its broad suite of surgical solutions comprises nearly 80 product systems to help fit the specific needs of each patient and procedure. It has developed a comprehensive portfolio of foot and ankle surgical systems. Each system typically includes plates, screws, staples, nails, advanced joint and bone replacements, orthobiologics, and other implantation instruments and disposables specifically designed for the particular surgical system.

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Paragon 28 Inc’s Stock Price as of Market Close

As of June 04, 2024, 4:00 PM, CST, Paragon 28 Inc’s stock price was $7.10.

Paragon 28 Inc is down 4.7% from its previous closing price of $7.45.

During the last market session, Paragon 28 Inc’s stock traded between $7.20 and $7.89. Currently, there are 82.85 million shares of Paragon 28 Inc stock available for purchase.

Unfortunately, Paragon 28 Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Paragon 28 Inc Stock Price History

Paragon 28 Inc’s (FNA) price is currently down 7.67% so far this month.

During the month of June, Paragon 28 Inc’s stock price has reached a high of $7.89 and a low of $7.05.

Over the last year, Paragon 28 Inc has hit prices as high as $19.00 and as low as $7.20. Year to date, Paragon 28 Inc’s stock is down 62.85%.

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What Caused Paragon 28 Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 03, 2024, there were 6 analysts who downgraded Paragon 28 Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Paragon 28 Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Paragon 28 Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Paragon 28 Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Paragon 28 Inc (FNA) by visiting AAII Stock Evaluator.

Relative Price Strength of Paragon 28 Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 03, 2024, Paragon 28 Inc has a weighted four-quarter relative price strength of -26.25%, which translates to a Momentum Score of 12 and is considered to be Very Weak.

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Paragon 28 Inc Stock Price: Bottom Line

As of June 4, 2024, Paragon 28 Inc’s stock price is $7.10, which is down 4.7% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Paragon 28 Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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