In the latest session, Procore Technologies Inc (NYSE: PCOR) closed at $78.89 up 1.10% from its previous closing price of $78.03. In other words, the price has increased by $+0.86 from its previous closing price. On the day, 2178902 shares were traded.
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 16.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 243.20. 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:
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 Feb 23 when Singer Benjamin C sold 7,100 shares for $73.54 per share. The transaction valued at 522,134 led to the insider holds 104,865 shares of the business.
Durling Joy Driscoll sold 5,000 shares of PCOR for $367,250 on Feb 23. The Chief Data Officer now owns 99,119 shares after completing the transaction at $73.45 per share. On Feb 23, another insider, Fu Howard, who serves as the CFO & Treasurer of the company, sold 1,456 shares for $73.52 each. As a result, the insider received 107,045 and left with 138,694 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 11.43B and an Enterprise Value of 10.84B. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.03 while its Price-to-Book (P/B) ratio in mrq is 9.89. Its current Enterprise Value per Revenue stands at 11.41 whereas that against EBITDA is -94.37.
Stock Price History:
Over the past 52 weeks, PCOR has reached a high of $78.72, while it has fallen to a 52-week low of $48.11. The 50-Day Moving Average of the stock is 71.30, while the 200-Day Moving Average is calculated to be 65.56.
Shares Statistics:
For the past three months, PCOR has traded an average of 1.32M shares per day and 2.05M over the past ten days. A total of 144.81M shares are outstanding, with a floating share count of 128.95M. Insiders hold about 11.02% of the company’s shares, while institutions hold 79.69% stake in the company. Shares short for PCOR as of Feb 15, 2024 were 4.49M with a Short Ratio of 3.40, compared to 4.43M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.10% and a Short% of Float of 4.94%.
Earnings Estimates
There are 16 different market analysts currently analyzing its stock. 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
A total of 17 analysts believe the company’s revenue will be $263.15M this quarter.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 17 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 17 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 20.10% from the average revenue estimate for this year.
