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How to buy Palomar stock | $81.1

Learn how to easily invest in Palomar stock.

Palomar Holdings Inc is an insurance-property & casualty business based in the US. Palomar shares (PLMR) are listed on the NASDAQ and all prices are listed in US Dollars. Palomar employs 122 staff and has a trailing 12-month revenue of around 0.00.

How to buy shares in Palomar

  1. Compare share trading platforms.Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – PLMR – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Palomar stock price (NASDAQ: PLMR)

Use our graph to track the performance of PLMR stocks over time.

Palomar shares at a glance

Information last updated 2021-10-18.
Latest market close$81.10
52-week range$61.01 - $115.40
50-day moving average $84.53
200-day moving average $77.58
Wall St. target price$93.00
PE ratio 185.75
Dividend yield N/A (0%)
Earnings per share (TTM) $0.44

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Palomar stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Palomar price performance over time

Historical closes compared with the close of $81.1 from 2021-10-22

1 week (2021-10-15) -0.77%
1 month (2021-09-24) -4.19%
3 months (2021-07-23) 5.75%
6 months (2021-04-23) 11.49%
1 year (2020-10-23) -12.86%
2 years (2019-10-23) 88.56%
3 years (2018-10-20) N/A
5 years (2016-10-20) N/A

Is Palomar under- or over-valued?

Valuing Palomar stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Palomar's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Palomar's P/E ratio

Palomar's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 186x. In other words, Palomar shares trade at around 186x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Palomar's EBITDA

Palomar's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $12.1 million.

The EBITDA is a measure of a Palomar's overall financial performance and is widely used to measure a its profitability.

Palomar financials

Revenue TTM $194.3 million
Operating margin TTM 5.86%
Gross profit TTM $8.4 million
Return on assets TTM 1.01%
Return on equity TTM 3.04%
Profit margin 5.89%
Book value $14.85
Market capitalisation $2.1 billion

TTM: trailing 12 months

Shorting Palomar shares

There are currently 980,271 Palomar shares held short by investors – that's known as Palomar's "short interest". This figure is 2.6% down from 1.0 million last month.

There are a few different ways that this level of interest in shorting Palomar shares can be evaluated.

Palomar's "short interest ratio" (SIR)

Palomar's "short interest ratio" (SIR) is the quantity of Palomar shares currently shorted divided by the average quantity of Palomar shares traded daily (recently around 125194.25287356). Palomar's SIR currently stands at 7.83. In other words for every 100,000 Palomar shares traded daily on the market, roughly 7830 shares are currently held short.

However Palomar's short interest can also be evaluated against the total number of Palomar shares, or, against the total number of tradable Palomar shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Palomar's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 Palomar shares in existence, roughly 40 shares are currently held short) or 0.0407% of the tradable shares (for every 100,000 tradable Palomar shares, roughly 41 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Palomar.

Find out more about how you can short Palomar stock.

Palomar share dividends

We're not expecting Palomar to pay a dividend over the next 12 months.

Palomar share price volatility

Over the last 12 months, Palomar's shares have ranged in value from as little as $61.01 up to $115.4. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Palomar's is -0.1414. This would suggest that Palomar's shares have been inversely-correlated to the average (for this exchange) – so when the broader market trended up or down, Palomar has bucked the trend.

Palomar overview

Palomar Holdings, Inc. , an insurance holding company, provides specialty property insurance to residential and commercial customers. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance, commercial flood, real estate error and omission, and real estate investor products. It markets and distributes its products through retail agents, wholesale brokers, program administrators, and carrier partnerships. The company was formerly known as GC Palomar Holdings. Palomar Holdings, Inc. was incorporated in 2013 and is headquartered in La Jolla, California.

Frequently asked questions

What percentage of Palomar is owned by insiders or institutions?
Currently 5.343% of Palomar shares are held by insiders and 94.804% by institutions.
How many people work for Palomar?
Latest data suggests 122 work at Palomar.
When does the fiscal year end for Palomar?
Palomar's fiscal year ends in December.
Where is Palomar based?
Palomar's address is: 7979 Ivanhoe Avenue, La Jolla, CA, United States, 92037
What is Palomar's ISIN number?
Palomar's international securities identification number is: US69753M1053
What is Palomar's CUSIP number?
Palomar's Committee on Uniform Securities Identification Procedures number is: 69753M105

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