Palomar Holdings, Inc. Common Stock | PLMR

Daily Technical Analysis of Palomar Holdings, Inc. Common Stock

Palomar Holdings is up a bit on the day, funds flowing in kept the price up 2.30% since yesterday. PLMR is currently at a weak resistance line, price may carry its momentum forward and break through or potentially reverse and head down lower. Hard to say, I probably wouldn't bet the farm on that alone... It may look tempting to short but I'm going to need to discourage it, Palomar Holdings has has really been moving up aggressively and may push through resistance points with no problem. I'd prefer to short sell into neutral or negative momentum, it's just safer. Over the last 12 months the asset has moved up by 73.70 percent. Hard to say when this thing is gonna turn around

If it breaks through the resistance level, we aren't seeing any clear resistance points beyond that. So it may have plenty of room to work up from there. If the price does in fact bounce off here, it might find nearest support down at the $101.69 level, hard to say where it will go from there though.

Analyst Ratings for Palomar Holdings By Price Target And Rating

The analysts are pretty neutral on Palomar Holdings right now, so not much useful information here. The current Analysts Sentiment Score is 1.00. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. JMP Securities reiterated a rating of Market Perform on 2024-04-15. Evercore ISI provided a price target boost of 26.47% to $86.00 from $68.00 on 2024-04-11. Keefe, Bruyette & Woo provided a price target boost of 1.14% to $89.00 from $88.00 on 2024-04-10. JPMorgan Chase & Co. released a downgrade on 2024-04-08 from Overweight to Neutral but provided a price target boost 7.59% to $85.00 from $79.00. Piper Sandler gave a boost to their price target and moved to $89.00 from $80.00 on 2024-04-01. Jefferies Financial Group upgraded from Hold to Buy on 2024-03-14 and also increased their price target by 12.82% to $88.00. Truist Financial decided to move up their price target on 2024-02-16 to $88.00 which is a 22.22% increase.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Palomar Holdings

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Palomar Holdings

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.