PagerDuty Inc. (NYSE:PD) finished Friday with a subtraction of -$0.05 to close at $23.98, a downside of -0.21 percent. An average of 857,500 shares of common stock have been traded in the last five days. There was a fall of -$0.98 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 1,085,460 shares traded, while the 50-day average volume stands at 1,637,308.
PD stock has decreased by -2.91% in the last month. The company shares reached their 1-month lowest point of $23.45 on 08/09/23. With the stock rallying to its 52-week high on 03/31/23, shares of the company touched a low of $19.51 and a high of $35.33 in 52 weeks. It has reached a new high 9 times so far this year and lost -9.71% or -$2.58 in price. In spite of this, the price is down -32.13% from the 52-week high.
Insider Transactions
PD stock investors should be aware that PagerDuty Inc. (PD) stock had its last reported insider trading activity 17 days ago on Jul 26. In this transaction, the insider spent $22,200. Chief Financial Officer, Wilson Howard, disposed of 4,260 shares at a price of $25.03 on Jul 14. The insider now owns more than $106,628 worth of shares. Prior to that, Director Murthy Rathi went on to Sale 45,000 shares at $21.44 each on Jun 23. An amount of $964,800 was transacted.
Valuation Metrics
PagerDuty Inc. (PD) stock’s beta is 0.88. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.57, the price-to-book (PB) ratio at 8.69.
Financial Health
The quick ratio of PagerDuty Inc. for the three months ended April 29 was 2.40, and the current ratio was 2.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.12 and a total debt to equity ratio of 1.12 for the quarter ending April 29. PagerDuty Inc.’s EBITDA margin for the year ending April 29 is -22.67%. Its gross profit as reported stood at $300.36 million compared to revenue of $370.79 million.
Earnings Surprise
For the three-month period that ended April 29, PagerDuty Inc. had $194.53 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$12.22 million in the quarter, while revenues of -$3.59 million were shrunk -168.58%. The analyst consensus anticipated PagerDuty Inc.’s latest quarter earnings to come in at $0.09 per share, but it turned out to be $0.21, a 133.30% surprise. For the quarter, EBITDA amounted to -$5.63 million. Shareholders own equity worth $92.2 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at PagerDuty Inc. (PD) price momentum. RSI 9-day as of the close on 11 August was 45.96%, suggesting the stock is Neutral, with historical volatility in this time frame at 32.29%.
As of today, PD’s price is $24.07 -3.93% or -$0.98 from its 5-day moving average. PD is currently trading -0.54% lower than its 20-day SMA and -23.31% lower than its 100-day SMA. However, the stock’s current price level is -11.87% below the SMA50 and +1.44% above the SMA200.
The stochastic %K and %D were 17.20% and 18.84%, respectively, and the average true range (ATR) was 0.85. With the 14-day stochastic at 21.20% and the average true range at 0.86, the RSI (14) stands at 47.98%. The stock has reached -0.47 on the 9-day MACD Oscillator while the 14-day reading was at -0.71.
Analyst Ratings
Craig Hallum downgraded PagerDuty Inc. (NYSE: PD) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for PagerDuty Inc. (PD) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PD, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 7 others rate it as a “buy”.
What is PD’s price target for the next 12 months?
Analysts predict a range of price targets between $26.00 and $37.00, with a median target of $30.80. Taking a look at these predictions, the average price target given by analysts for PagerDuty Inc. (PD) stock is $31.53.
