Last Week, PROG Holdings Inc. (PRG) Recorded A Gain Of $50.68


As of Wednesday close, PROG Holdings Inc.’s (NYSE:PRG) stock was down -$0.17, moving down -0.89 percent to $18.98. The average number of shares traded per day over the past five days has been 392,540 shares. 4 times new highs have been achieved over the past 5 days, with a $0.63 gain in that time frame. In the last twenty days, the average volume was 798,640, while in the previous 50 days, it was 842,612.

Since last month, PRG stock rose 33.66%. Shares of the company fell to $12.12 on 10/24/22, the lowest level in the past month. A 52-week high of $47.91 was reached on 01/05/22 after having rallying from a 52-week low of $12.11. Since the beginning of this year, PRG’s stock price has dropped by -57.93% or -$26.13, and marked a new high 3 times. However, the stock has declined by -60.38% since its 52-week high.

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PRG stock investors should be aware that PROG Holdings Inc. (PRG) stock had its last reported insider trading activity 24 days ago on Oct 31. Thomas Eugene Vin IV, the General Counsel and Corp Sec of the company, purchased of 618 shares for $15.95 on Oct 31. It resulted in a $9,857 investment by the insider. Garner Brian added 2,500 shares at an average price of $19.39 on Aug 03. The insider now owns 38,523 shares following the transaction. On Aug 03, General Counsel and Corp Sec Thomas Eugene Vin IV bought 1,200 shares at $19.39 apiece. The transaction was valued at $23,268.

Valuation Metrics

Right now, PROG Holdings Inc. (PRG) has a P/E ratio of about 10.75. The stock’s beta is 1.98. Besides these, the trailing price-to-sales (P/S) ratio of 0.36, the price-to-book (PB) ratio of 1.69, and the price-to-cash flow ratio of 4.19 may also be considered.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.04, and the total debt-to-equity ratio was 1.04. In the year ended September 29, operating margins totaled 6.80%. Based on annual data, PRG earned $2.68 billion in gross profit and brought in $2.68 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 19.60%. Return on equity (ROE) for the past 12 months was 16.50%.

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 -3.93% to $649.44 million during the quarter, while net income inched up to $625.82 million. While analysts expected PROG Holdings Inc. to report $0.64 quarterly earnings, the actual figure was $0.68 per share, beating the consensus estimate by 6.30%. During the quarter, the company generated $477.98 million in EBITDA. The liabilities of PROG Holdings Inc. were 925.03 million at the end of its most recent quarter ended September 29, and its total debt was $612.98 million. The value of shareholders’ equity is $50.03 million.

Technical Picture

This quick technical analysis looks at PROG Holdings Inc.’s (PRG) price momentum. With a historical volatility rate of 44.22%, the RSI 9-day stood at 63.45% on 23 November.

With respect to its five-day moving average, the current PROG Holdings Inc. price is up by +3.43% percent or $0.63. At present, PRG shares trade +29.47% above its 20-day simple moving average and +11.38% percent above its 100-day simple moving average. However, the stock is currently trading approximately -2.47% below its SMA50 and -52.01% below its SMA200.

Stochastic coefficient K was 76.44% and Stochastic coefficient D was 73.55%, while ATR was 0.88. Given the Stochastic reading of 78.40% for the 14-day period, the RSI (14) reading has been calculated as 61.17%. As of today, the MACD Oscillator reading stands at 0.09, while the 14-day reading stands at 0.65.

Analyst Ratings

PROG Holdings Inc. downgraded its rating on PROG Holdings Inc. (NYSE: PRG) to a Mkt perform in a note to investors on June 17, 2022. The analysts firm previously had an Outperform rating on the stock.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 0 analysts rate PROG Holdings Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $22.00, the current consensus forecast for the stock is $17.00 – $33.00. Based on these forecasts, analysts predict PROG Holdings Inc. (PRG) will achieve an average price target of $24.40.


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