Would It Be A Good Move Today To Buy PROG Holdings Inc. (PRG) Stock?

As of Wednesday close, PROG Holdings Inc.’s (NYSE:PRG) stock was down -$0.04, moving down -0.08 percent to $47.47. The average number of shares traded per day over the past five days has been 591,140 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.44 fall in that time frame. In the last twenty days, the average volume was 688,375, while in the previous 50 days, it was 487,696.

Since last month, PRG stock rose 11.77%. Shares of the company fell to $39.94 on 10/29/21, the lowest level in the past month. A 52-week high of $60.50 was reached on 01/15/21 after having rallying from a 52-week low of $39.94. Since the beginning of this year, PRG’s stock price has dropped by -11.88% or -$6.40, and marked a new high 5 times. However, the stock has declined by -21.54% since its 52-week high.


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Insider Transactions

PROG Holdings Inc. (PRG) last reported insider trading activity 108 days ago on Aug 09. CURLING DOUGLAS C, the Director of the company, purchased of 2,500 shares for $43.11 on Aug 09. It resulted in a $107,775 investment by the insider. Garner Brian added 2,500 shares at an average price of $42.89 on Aug 03. The insider now owns 17,257 shares following the transaction. On Aug 03, CEO Michaels Steven A bought 7,500 shares at $42.91 apiece. The transaction was valued at $321,825.

Valuation Metrics

Right now, PROG Holdings Inc. (PRG) has a P/E ratio of about 12.84. This is lower than the industry average, which comes in at 22.10 right now. Further, its PE also compares favorably with the overall sector’s trailing 12 months PE ratio, which currently stands at 27.77. Within the last five years, PROG Holdings Inc.’s PE ratio varied between 128.58 and 7.706. The stock’s beta is 1.93. Besides these, the trailing price-to-sales (P/S) ratio of 1.20, the price-to-book (PB) ratio of 2.91.

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.05, and the total debt-to-equity ratio was 0.05. Based on annual data, PRG earned $2.48 billion in gross profit and brought in $2.48 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 19.30%. In the past year, the industry average ROE stood at 3.67.

Earnings Surprise

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PRG’s revenue fell -61.79% to $659.97 million during the quarter, while net income inched up to $650.41 million. While analysts expected PROG Holdings Inc. to report $0.9 quarterly earnings, the actual figure was $0.94 per share, beating the consensus estimate by 4.40%. During the quarter, the company generated $521.88 million in EBITDA. The liabilities of PROG Holdings Inc. were 377.8 million at the end of its most recent quarter ended September 29, and its total debt was $76.06 million. The value of shareholders’ equity is $65.39 million.

Technical Picture

This quick technical analysis looks at PROG Holdings Inc.’s (PRG) price momentum. With a historical volatility rate of 17.47%, the RSI 9-day stood at 55.40% on 24 November.

With respect to its five-day moving average, the current PROG Holdings Inc. price is down by -0.92% percent or -$0.44. At present, PRG shares trade +16.52% above its 20-day simple moving average and +2.44% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.19% above its SMA50 and -14.03% below its SMA200.

Stochastic coefficient K was 50.17% and Stochastic coefficient D was 53.83%, while ATR was 1.19. Given the Stochastic reading of 58.52% for the 14-day period, the RSI (14) reading has been calculated as 55.76%. As of today, the MACD Oscillator reading stands at -0.28, while the 14-day reading stands at -0.14.

Analyst Ratings

PROG Holdings Inc. (PRG) has been rated Overweight by analysts. According to 0 brokerage firms, PRG is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate PROG Holdings Inc. stock as buy, with 5 recommending it as overweight.

What is PRG’s price target for the next 12 months?

With a median target price of $64.00, the current consensus forecast for the stock is $56.00 – $85.00. Based on these forecasts, analysts predict PROG Holdings Inc. (PRG) will achieve an average price target of $67.00.

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