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As of close of business last night, Procore Technologies Inc’s stock clocked out at $70.00, down -0.81% from its previous closing price of $70.57. In other words, the price has decreased by -$0.81 from its previous closing price. On the day, 1.46 million shares were traded. PCOR stock price reached its highest trading level at $71.04 during the session, while it also had its lowest trading level at $69.89.
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 13.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 119.93. 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:
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 Jul 16 ’24 when Singer Benjamin C sold 2,000 shares for $70.00 per share. The transaction valued at 140,000 led to the insider holds 106,705 shares of the business.
Courtemanche Craig F. Jr. sold 68,000 shares of PCOR for $4,459,998 on Jul 01 ’24. The CEO & President now owns 527,349 shares after completing the transaction at $65.59 per share. On Jul 01 ’24, another insider, Singer Benjamin C, who serves as the Chief Legal Officer; Secretary of the company, sold 2,000 shares for $66.13 each. As a result, the insider received 132,260 and left with 108,705 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 10326120448 and an Enterprise Value of 9574871040. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.18 while its Price-to-Book (P/B) ratio in mrq is 8.58. Its current Enterprise Value per Revenue stands at 9.519 whereas that against EBITDA is -78.234.
Stock Price History:
The Beta on a monthly basis for PCOR is 0.76, which has changed by -0.027642727 over the last 52 weeks, in comparison to a change of 0.21656322 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 4.43%, while the 200-Day Moving Average is calculated to be 2.42%.
Shares Statistics:
It appears that PCOR traded 1.50M shares on average per day over the past three months and 1490300 shares per day 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 80.03% stake in the company. Shares short for PCOR as of 1719532800 were 10423021 with a Short Ratio of 6.95, compared to 1717113600 on 6269037. Therefore, it implies a Short% of Shares Outstanding of 10423021 and a Short% of Float of 14.330000000000002.
