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After finishing at $63.52 in the prior trading day, Progress Software Corp (NASDAQ: PRGS) closed at $57.26, down -9.86%. In other words, the price has decreased by -$9.86 from its previous closing price. On the day, 2.88 million shares were traded. PRGS stock price reached its highest trading level at $61.14 during the session, while it also had its lowest trading level at $56.32.
Ratios:
Our goal is to gain a better understanding of PRGS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.91. For the most recent quarter (mrq), Quick Ratio is recorded 0.81 and its Current Ratio is at 0.81. In the meantime, Its Debt-to-Equity ratio is 3.56 whereas as Long-Term Debt/Eq ratio is at 3.54.
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, DA Davidson on March 28, 2024, initiated with a Buy rating and assigned the stock a target price of $65.
On September 09, 2022, Jefferies started tracking the stock assigning a Hold rating and target price of $52.Jefferies initiated its Hold rating on September 09, 2022, with a $52 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 04 ’24 when Jarrett Loren sold 1,666 shares for $63.97 per share. The transaction valued at 106,574 led to the insider holds 13,524 shares of the business.
Subramanian Sundar sold 649 shares of PRGS for $41,549 on Nov 01 ’24. The EVP/GM Infrastructure Mgmt now owns 18,469 shares after completing the transaction at $64.02 per share. On Nov 01 ’24, another insider, LoCoco Domenic, who serves as the Chief Accounting Officer of the company, sold 6,086 shares for $64.02 each. As a result, the insider received 389,626 and left with 5,199 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, PRGS now has a Market Capitalization of 2483348992 and an Enterprise Value of 3305366272. As of this moment, Progress’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.95, and their Forward P/E ratio for the next fiscal year is 9.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 18.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.26 while its Price-to-Book (P/B) ratio in mrq is 5.66. Its current Enterprise Value per Revenue stands at 4.62 whereas that against EBITDA is 13.609.
Stock Price History:
The Beta on a monthly basis for PRGS is 0.93, which has changed by -0.028503537 over the last 52 weeks, in comparison to a change of 0.24359846 over the same period for the S&P500. Over the past 52 weeks, PRGS has reached a high of $70.56, while it has fallen to a 52-week low of $48.00. The 50-Day Moving Average of the stock is -13.91%, while the 200-Day Moving Average is calculated to be -2.51%.
Shares Statistics:
The stock has traded on average 455.36K shares per day over the past 3-months and 731030 shares per day over the last 10 days, according to various share statistics. A total of 43.36M shares are outstanding, with a floating share count of 42.22M. Insiders hold about 1.59% of the company’s shares, while institutions hold 115.70% stake in the company. Shares short for PRGS as of 1735603200 were 5310989 with a Short Ratio of 11.66, compared to 1732838400 on 4936604. Therefore, it implies a Short% of Shares Outstanding of 5310989 and a Short% of Float of 17.909999.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.43. The current Payout Ratio is 44.53% for PRGS, which recently paid a dividend on 2024-08-30 with an ex-dividend date of 1724976000. Stock splits for the company last occurred on 2011-01-31 when the company split stock in a 3:2 ratio.
Earnings Estimates
Progress Software Corp (PRGS) is presently subject to a detailed evaluation by 7.0 analysts, each offering their unique perspectives on its market standing.The consensus estimate for the next quarter is $1.17, with high estimates of $1.32 and low estimates of $1.04.
Analysts are recommending an EPS of between $5.09 and $5.0 for the fiscal current year, implying an average EPS of $5.06. EPS for the following year is $5.84, with 7.0 analysts recommending between $6.4 and $5.26.
Revenue Estimates
7 analysts predict $235.64M in revenue for the current quarter. It ranges from a high estimate of $236.7M to a low estimate of $234.9M. As of the current estimate, Progress Software Corp’s year-ago sales were $184.69MFor the next quarter, 7 analysts are estimating revenue of $233.78M. There is a high estimate of $242.4M for the next quarter, whereas the lowest estimate is $228M.
A total of 7 analysts have provided revenue estimates for PRGS’s current fiscal year. The highest revenue estimate was $965.9M, while the lowest revenue estimate was $962.77M, resulting in an average revenue estimate of $964.32M. In the same quarter a year ago, actual revenue was $753.41MBased on 7 analysts’ estimates, the company’s revenue will be $996.37M in the next fiscal year. The high estimate is $1.02B and the low estimate is $970.97M.
