As of Friday close, Paycor HCM Inc.’s (NASDAQ:PYCR) stock was up $0.34, moving up 1.55 percent to $22.25. The average number of shares traded per day over the past five days has been 1,080,720 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.16 fall in that time frame. In the last twenty days, the average volume was 531,090, while in the previous 50 days, it was 449,198.
Since last month, PYCR stock retreated -13.56%. Shares of the company fell to $20.59 on 08/17/23, the lowest level in the past month. A 52-week high of $34.95 was reached on 07/19/23 after having rallying from a 52-week low of $20.50. Since the beginning of this year, PYCR’s stock price has dropped by -9.07% or -$2.22, and marked a new high 4 times. However, the stock has declined by -36.34% since its 52-week high.
PYCR stock investors should be aware that Paycor HCM Inc. (PYCR) stock had its last reported insider trading activity 36 days ago on Jul 14. Corr Jonathan, the Director of the company, disposed of 1,508 shares for $25.72 on Jul 14. It resulted in a $38,786 divestment by the insider. MILLER SCOTT DAVID added 3,000 shares at an average price of $22.19 on May 23. The insider now owns 185,437 shares following the transaction. On Apr 25, Geene Alice L sold 1,267 shares at $23.92 apiece. The transaction was valued at $30,307.
Valuation Metrics
The stock’s beta is 0.63. Besides these, the trailing price-to-sales (P/S) ratio of 7.55, the price-to-book (PB) ratio of 3.05.
Financial Health
In the three months ended June 29, Paycor HCM Inc.’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 65.80% percent. In the year ended June 29, operating margins totaled -26.40%. Based on annual data, PYCR earned $261.2 million in gross profit and brought in $429.39 million 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 -11.20%. Return on equity (ROE) for the past 12 months was -6.90%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PYCR’s revenue rose 24.08% to $132.86 million during the quarter, while net income inched up to $161.48 million. While analysts expected Paycor HCM Inc. to report $0.06 quarterly earnings, the actual figure was $0.08 per share, beating the consensus estimate by 33.30%. During the quarter, the company generated $36.88 million in EBITDA. The liabilities of Paycor HCM Inc. were 1.46 billion at the end of its most recent quarter ended June 29, and its total debt was $22.33 million. The value of shareholders’ equity is $176.53 million.
Technical Picture
This quick technical analysis looks at Paycor HCM Inc.’s (PYCR) price momentum. With a historical volatility rate of 24.70%, the RSI 9-day stood at 26.80% on 18 August.
With respect to its five-day moving average, the current Paycor HCM Inc. price is down by -4.96% percent or -$1.16. At present, PYCR shares trade -13.02% below its 20-day simple moving average and -7.98% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.87% below its SMA50 and -26.98% below its SMA200.
Stochastic coefficient K was 18.24% and Stochastic coefficient D was 12.44%, while ATR was 0.95. Given the Stochastic reading of 27.26% for the 14-day period, the RSI (14) reading has been calculated as 33.09%. As of today, the MACD Oscillator reading stands at -0.68, while the 14-day reading stands at -1.36.
Analyst Ratings
Mizuho launched its rating on Paycor HCM Inc. (NASDAQ: PYCR) to a Neutral in a note to investors on June 28, 2023. Paycor HCM Inc. (PYCR) has been rated Overweight by analysts. According to 0 brokerage firms, PYCR is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Paycor HCM Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $27.00, the current consensus forecast for the stock is $22.00 – $42.00. Based on these forecasts, analysts predict Paycor HCM Inc. (PYCR) will achieve an average price target of $28.24.
