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The closing price of Procore Technologies Inc (NYSE: PCOR) was $65.65 for the day, up 4.79% from the previous closing price of $62.65. In other words, the price has increased by $4.79 from its previous closing price. On the day, 4.4 million shares were traded. PCOR stock price reached its highest trading level at $69.26 during the session, while it also had its lowest trading level at $60.7.
Ratios:
Our analysis of PCOR’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 13.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 62.31. For the most recent quarter (mrq), Quick Ratio is recorded 1.55 and its Current Ratio is at 1.55. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.06.
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 this company, Robert W. Baird on September 24, 2024, initiated with a Outperform rating and assigned the stock a target price of $73.
On August 02, 2024, DA Davidson Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $90 to $60.
Barclays Downgraded its Overweight to Equal Weight on August 02, 2024, whereas the target price for the stock was revised from $78 to $54.
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 Oct 31 ’24 when STEVE S DAVIS bought 9,671 shares for $65.00 per share.
O CONNOR KEVIN J sold 5,128 shares of PCOR for $322,449 on Oct 24 ’24. The Director now owns 1,345,464 shares after completing the transaction at $62.88 per share. On Oct 23 ’24, another insider, O CONNOR KEVIN J, who serves as the Director of the company, sold 5,128 shares for $62.45 each. As a result, the insider received 320,244 and left with 1,350,592 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, PCOR now has a Market Capitalization of 9695519744 and an Enterprise Value of 9042010112. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.13 while its Price-to-Book (P/B) ratio in mrq is 7.72. Its current Enterprise Value per Revenue stands at 8.148 whereas that against EBITDA is -172.835.
Stock Price History:
Over the past 52 weeks, PCOR has reached a high of $83.35, while it has fallen to a 52-week low of $48.11. The 50-Day Moving Average of the stock is 9.43%, while the 200-Day Moving Average is calculated to be -2.78%.
Shares Statistics:
PCOR traded an average of 1.98M shares per day over the past three months and 1770640 shares per day over the past ten days. A total of 144.81M shares are outstanding, with a floating share count of 134.79M. Insiders hold about 8.73% of the company’s shares, while institutions hold 85.86% stake in the company. Shares short for PCOR as of 1728950400 were 9474763 with a Short Ratio of 4.80, compared to 1726185600 on 11401897. Therefore, it implies a Short% of Shares Outstanding of 9474763 and a Short% of Float of 12.78.
