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In the latest session, Procore Technologies Inc (NYSE: PCOR) closed at $65.05 down -5.53% from its previous closing price of $68.86. In other words, the price has decreased by -$5.53 from its previous closing price. On the day, 1.78 million shares were traded. PCOR stock price reached its highest trading level at $68.66 during the session, while it also had its lowest trading level at $65.01.
Ratios:
For a deeper understanding of Procore Technologies Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 111.45. 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, Macquarie on June 05, 2024, initiated with a Neutral rating and assigned the stock a target price of $70.
On June 04, 2024, Mizuho Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $75 to $70.
JP Morgan reiterated its Overweight rating for the stock on January 23, 2024, while the target price for the stock was revised from $76 to $81.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jul 01 ’24 when Courtemanche Craig F. Jr. sold 68,000 shares for $65.59 per share. The transaction valued at 4,459,998 led to the insider holds 527,349 shares of the business.
Singer Benjamin C sold 2,000 shares of PCOR for $132,260 on Jul 01 ’24. The Chief Legal Officer; Secretary now owns 108,705 shares after completing the transaction at $66.13 per share. On Jun 28 ’24, another insider, Davis Steven Scott, who serves as the President Product & Technology of the company, sold 7,641 shares for $65.00 each. As a result, the insider received 496,665 and left with 209,837 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 9518441472 and an Enterprise Value of 8850564096. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.46 while its Price-to-Book (P/B) ratio in mrq is 7.97. Its current Enterprise Value per Revenue stands at 8.799 whereas that against EBITDA is -72.316.
Stock Price History:
The Beta on a monthly basis for PCOR is 0.76, which has changed by -0.057109714 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. 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 -3.45%, while the 200-Day Moving Average is calculated to be -4.58%.
Shares Statistics:
For the past three months, PCOR has traded an average of 1.44M shares per day and 1700250 over the past ten days. A total of 144.81M shares are outstanding, with a floating share count of 134.76M. Insiders hold about 7.90% of the company’s shares, while institutions hold 80.05% stake in the company. Shares short for PCOR as of 1718323200 were 8020285 with a Short Ratio of 5.58, compared to 1715731200 on 5554708. Therefore, it implies a Short% of Shares Outstanding of 8020285 and a Short% of Float of 11.020000000000001.
