For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, Procore Technologies Inc’s stock clocked out at $71.73, up 1.63% from its previous closing price of $70.58. In other words, the price has increased by $1.63 from its previous closing price. On the day, 1.66 million shares were traded. PCOR stock price reached its highest trading level at $72.41 during the session, while it also had its lowest trading level at $70.42.
Ratios:
To gain a deeper understanding of PCOR’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 221.13. For the most recent quarter (mrq), Quick Ratio is recorded 1.49 and its Current Ratio is at 1.49. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.07.
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, JP Morgan on January 23, 2024, Reiterated its Overweight rating but revised its target price to $81 from $76 previously.
Jefferies Downgraded its Buy to Hold on November 02, 2023, whereas the target price for the stock was revised from $90 to $55.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Apr 04 ’24 when O CONNOR KEVIN J sold 6,410 shares for $79.20 per share. The transaction valued at 507,672 led to the insider holds 1,494,311 shares of the business.
O CONNOR KEVIN J sold 6,410 shares of PCOR for $500,557 on Apr 03 ’24. The Director now owns 1,500,721 shares after completing the transaction at $78.09 per share. On Apr 02 ’24, another insider, O CONNOR KEVIN J, who serves as the Director of the company, sold 6,410 shares for $77.13 each. As a result, the insider received 494,390 and left with 1,507,131 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 10394896384 and an Enterprise Value of 9644242944. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.94 while its Price-to-Book (P/B) ratio in mrq is 8.99. Its current Enterprise Value per Revenue stands at 10.152 whereas that against EBITDA is -55.534.
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 -6.68%, while the 200-Day Moving Average is calculated to be 5.22%.
Shares Statistics:
It appears that PCOR traded 1.26M shares on average per day over the past three months and 1132290 shares per day over the past ten days. A total of 144.81M shares are outstanding, with a floating share count of 129.36M. Insiders hold about 10.74% of the company’s shares, while institutions hold 79.86% stake in the company. Shares short for PCOR as of 1711584000 were 5793401 with a Short Ratio of 4.60, compared to 1709164800 on 5067511. Therefore, it implies a Short% of Shares Outstanding of 5793401 and a Short% of Float of 6.36.
