Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of Pagerduty Inc (NYSE: PD) was $19.53 for the day, down -2.93% from the previous closing price of $20.12. In other words, the price has decreased by -$2.93 from its previous closing price. On the day, 0.94 million shares were traded. PD stock price reached its highest trading level at $19.95 during the session, while it also had its lowest trading level at $19.5.
Ratios:
Our analysis of PD’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.98. For the most recent quarter (mrq), Quick Ratio is recorded 2.43 and its Current Ratio is at 2.43. In the meantime, Its Debt-to-Equity ratio is 2.69 whereas as Long-Term Debt/Eq ratio is at 2.65.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Truist on March 18, 2024, Upgraded its rating to Buy and sets its target price to $30 from $25 previously.
On January 24, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight but kept the price unchanged to $30.
On December 14, 2023, BofA Securities started tracking the stock assigning a Buy rating and target price of $30.BofA Securities initiated its Buy rating on December 14, 2023, with a $30 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 04 ’24 when WEBB SHELLEY sold 6,859 shares for $22.39 per share. The transaction valued at 153,595 led to the insider holds 253,439 shares of the business.
REZVAN MITRA sold 2,215 shares of PD for $47,888 on Apr 02 ’24. The SVP Finance & CAO now owns 119,452 shares after completing the transaction at $21.62 per share. On Feb 12 ’24, another insider, Wilson Howard, who serves as the Chief Financial Officer of the company, sold 8,893 shares for $25.09 each. As a result, the insider received 223,125 and left with 507,672 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PD now has a Market Capitalization of 1866831872 and an Enterprise Value of 1763284992. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.33 while its Price-to-Book (P/B) ratio in mrq is 10.55. Its current Enterprise Value per Revenue stands at 4.094 whereas that against EBITDA is -23.215.
Stock Price History:
Over the past 52 weeks, PD has reached a high of $29.97, while it has fallen to a 52-week low of $19.18. The 50-Day Moving Average of the stock is -11.74%, while the 200-Day Moving Average is calculated to be -14.33%.
Shares Statistics:
PD traded an average of 1.15M shares per day over the past three months and 969040 shares per day over the past ten days. A total of 92.74M shares are outstanding, with a floating share count of 89.36M. Insiders hold about 6.51% of the company’s shares, while institutions hold 87.68% stake in the company. Shares short for PD as of 1713139200 were 10554564 with a Short Ratio of 9.20, compared to 1710460800 on 9904405. Therefore, it implies a Short% of Shares Outstanding of 10554564 and a Short% of Float of 13.350001.
