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The closing price of Procore Technologies Inc (NYSE: PCOR) was $65.37 for the day, down -2.62% from the previous closing price of $67.13. In other words, the price has decreased by -$2.62 from its previous closing price. On the day, 1.53 million shares were traded. PCOR stock price reached its highest trading level at $67.645 during the session, while it also had its lowest trading level at $65.08.
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 12.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 112.00. For the most recent quarter (mrq), Quick Ratio is recorded 1.60 and its Current Ratio is at 1.60. 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, 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:
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 May 29 ’24 when Fleming William Fred Jr sold 10,000 shares for $68.98 per share. The transaction valued at 689,815 led to the insider holds 81,863 shares of the business.
Durling Joy Driscoll sold 5,700 shares of PCOR for $393,357 on May 29 ’24. The Chief Data Officer now owns 110,457 shares after completing the transaction at $69.01 per share. On May 23 ’24, another insider, O CONNOR KEVIN J, who serves as the Director of the company, sold 5,128 shares for $69.43 each. As a result, the insider received 356,037 and left with 1,478,927 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 9565264896 and an Enterprise Value of 8897388544. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.51 while its Price-to-Book (P/B) ratio in mrq is 8.01. Its current Enterprise Value per Revenue stands at 8.845 whereas that against EBITDA is -72.699.
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 -9.86%, while the 200-Day Moving Average is calculated to be -3.99%.
Shares Statistics:
PCOR traded an average of 1.27M shares per day over the past three months and 1206430 shares per day over the past ten days. A total of 144.81M shares are outstanding, with a floating share count of 134.66M. Insiders hold about 7.98% of the company’s shares, while institutions hold 79.21% stake in the company. Shares short for PCOR as of 1715731200 were 5554708 with a Short Ratio of 4.36, compared to 1713139200 on 5525623. Therefore, it implies a Short% of Shares Outstanding of 5554708 and a Short% of Float of 7.64.
