As of close of business last night, Procore Technologies Inc’s stock clocked out at $78.05, down -0.71% from its previous closing price of $78.61. In other words, the price has decreased by -$0.56 from its previous closing price. On the day, 1688054 shares were traded.
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 16.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 240.61. 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 01 ’24 when Courtemanche Craig F. Jr. sold 68,000 shares for $81.30 per share. The transaction valued at 5,528,362 led to the insider holds 531,399 shares of the business.
Singer Benjamin C sold 3,000 shares of PCOR for $246,450 on Apr 01 ’24. The Chief Legal Officer; Secretary now owns 125,321 shares after completing the transaction at $82.15 per share. On Mar 22 ’24, another insider, Fu Howard, who serves as the CFO & Treasurer of the company, sold 1,457 shares for $81.19 each. As a result, the insider received 118,294 and left with 137,237 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 11.39B and an Enterprise Value of 10.80B. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.91 while its Price-to-Book (P/B) ratio in mrq is 9.78. Its current Enterprise Value per Revenue stands at 11.36 whereas that against EBITDA is -94.01.
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 76.59, while the 200-Day Moving Average is calculated to be 67.73.
Shares Statistics:
It appears that PCOR traded 1.21M shares on average per day over the past three months and 1.13M shares per day over the past ten days. A total of 144.81M shares are outstanding, with a floating share count of 129.59M. Insiders hold about 10.57% of the company’s shares, while institutions hold 79.74% stake in the company. Shares short for PCOR as of Mar 15, 2024 were 4.74M with a Short Ratio of 3.93, compared to 4.49M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.27% and a Short% of Float of 5.21%.
Earnings Estimates
As of right now, 16 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.16 for the current quarter, with a high estimate of $0.18 and a low estimate of $0.13, while EPS last year was $0.01. The consensus estimate for the next quarter is $0.15, with high estimates of $0.19 and low estimates of $0.08.
Analysts are recommending an EPS of between $0.8 and $0.54 for the fiscal current year, implying an average EPS of $0.68. EPS for the following year is $0.97, with 16 analysts recommending between $1.14 and $0.78.
Revenue Estimates
In the current quarter, 17 analysts expect revenue to total $263.15M. It ranges from a high estimate of $264M to a low estimate of $262.64M. As of the current estimate, Procore Technologies Inc’s year-ago sales were $213.53M, an estimated increase of 23.20% from the year-ago figure. For the next quarter, 17 analysts are estimating revenue of $274.9M, an increase of 20.30% less than the figure of $23.20% in the same quarter last year. There is a high estimate of $278M for the next quarter, whereas the lowest estimate is $271.81M.
A total of 18 analysts have provided revenue estimates for PCOR’s current fiscal year. The highest revenue estimate was $1.14B, while the lowest revenue estimate was $1.14B, resulting in an average revenue estimate of $1.14B. In the same quarter a year ago, actual revenue was $950.01M, up 20.00% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $1.37B in the next fiscal year. The high estimate is $1.4B and the low estimate is $1.34B. The average revenue growth estimate for next year is up 20.00% from the average revenue estimate for this year.
