Patriot One Technologies Inc has seen a modest uptick in its stock price this week, reflecting a stable performance amidst limited news coverage.
This week, Patriot One Technologies Inc (TSX: PAT) closed at C$2.70, marking a slight increase of 1.82% over the past week. The stock has shown significant growth over the past month, rising by 100%, and is up 12.68% year-to-date. Despite this positive price action, the company has not released any major news or updates recently, which is typical for small-cap companies like Patriot One.
Investor takeaway: Investors should be cautious as the lack of recent developments and the company's small market cap may impact long-term growth prospects. The stock's strong performance over the last month and year-to-date could be appealing, but the absence of significant news warrants careful consideration.
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Patriot One Technologies Inc
PAT.V
PAT.V
Patriot One Technologies Inc
WealthAwesomeMarket cap
$2.74M
52W high
$2.80
52W low
$0.25
1W change
-3.57%
Beta
2.19
Analyst Price Targets
Based on analyst covering PAT
Wall Street analysts forecast PAT stock price to rise 20.4% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$3.25
+20.4% Upside
Current Price
C$2.70
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on PAT's historical volatility
30-Day Vol
299.2%
Annualized
90-Day Vol
205.2%
Annualized
Trend (90d)
-10.0%
Annualized drift
90d Mean
C$2.61
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$2.67 | C$0.95 โ C$7.49 |
| 60 trading days | C$2.64 | C$0.61 โ C$11.35 |
| 90 trading days | C$2.61 | C$0.44 โ C$15.57 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Patriot One Technologies Inc has a 52-week trading range of C$0.25 to C$2.80. The stock is currently trading at 96% of its 52-week high, indicating strong recent performance, but also highlighting potential resistance at this level.
Bull case
The company has shown impressive growth in its Platform operating segment, with an 850% year-over-year increase reported in its fiscal 2022 results. The recent rebranding to Xtract One Technologies Inc could help the company better leverage its technology in enhancing patron safety and experience.
Bear case
On the downside, the lack of recent news may suggest stagnation, and the company's negative return on equity (ROE) and profit margin raise concerns about its financial health. Additionally, the stock's high beta of 2.19 indicates increased volatility in its price movements, which could pose risks for investors.
Recent Price Action
Patriot One Technologies Inc (PAT.V) has closed at C$2.70, reflecting no change in price on the last trading day. Over the past week, the stock has gained 1.82%, and its performance over the last month shows a remarkable increase of 100%. Year-to-date, the stock is up 12.68%. Despite this positive momentum, trading volume remains low, with only 100 shares exchanged on the last trading day compared to the 20-day average of 1,211 shares.
Company News and Developments
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There have been no significant press releases or updates from Patriot One Technologies Inc in recent months. The most notable event occurred in November 2022 when the company announced its intention to rebrand to Xtract One Technologies Inc. This rebranding aims to align the company's identity with its focus on enhancing patron experiences through safety technologies. Previous developments included a substantial increase in contracts signed in its fiscal 2022 results, showcasing growth in its Platform operating segment.
Technical Picture
From a technical perspective, PAT.V is currently trading above its 50-day moving average of C$2.10, which is 28.7% higher than the current price. The 200-day moving average stands at C$2.55, showing a 5.7% increase relative to the current price. The stock has a 52-week range of C$0.25 to C$2.80, indicating it is trading at 96% of its high. With a beta of 2.19, this suggests a higher level of volatility compared to the overall market.
Insider Activity
No recent insider activity has been reported for Patriot One Technologies Inc, which may indicate stability in management and ownership during this period of growth.
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