The stock of PROS Holdings Inc. (NYSE:PRO) increased by $1.01 on Wednesday to $36.76, up 2.84 percent. The last five days have seen an average of 514,024 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $12.63. The average number of shares traded over the last 20 days was 315,236, while the average volume over the last 50 days totaled 345,202.
PRO stock dropped -4.26% since last month. On 08/18/23, the company’s shares reached a one-month low of $34.03. The stock touched a high of $38.96 on 07/31/23, after rallying from a low of $18.08 in 52 weeks. The price of PRO stock has risen by 51.55% or $12.63 this year, reaching a new high 20 times. Still, the stock price is down -5.63% from the 52-week high.
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Insider Transactions
PRO stock investors should be aware that PROS Holdings Inc. (PRO) stock had its last reported insider trading activity 30 days ago on Jul 31. On Jul 31, Sr.VP,Chief Accounting Officer Cook Scott William sold 1,097 shares at $38.00 each. This transaction resulted in the insider making $41,686. On Jul 26, Cook Scott William sold 1,903 shares at a price of US$38.00. After the transaction, the insider now owns 38,303 shares. Sr.VP,Chief Accounting Officer Cook Scott William had earlier sold 5,000 shares on Jul 21 for $35.00 a share. The transaction was completed for $175,000.
Financial Health
For the three months ended June 29, PROS Holdings Inc.’s quick ratio was 0.80, while its current ratio was 0.80, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 61.00% percent. PROS Holdings Inc.’s EBITDA margin for the year ended June 29 was -21.86%, whereas its operating margin stood at -21.80% for the same period. Based on annual data, it had gross profit of $166.06 million and revenue of $276.14 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PRO’s return on assets (ROA) during the last 12 months has been -14.20%. There was a -31.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 156.20%.
Earnings Surprise
According to PROS Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $75.79 million, while revenues rose by 9.8% to $73.18 million. It was predicted that PROS Holdings Inc.’s quarterly earnings would be -$0.01, but it ended up being -$0.06, beating the consensus by 83.30%. EBITDA was -$10.23 million for the quarter. At the end of PROS Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 485.42 million, while its total debt was $321.84 million. Equity owned by shareholders amounts to $46.2 million.
Technical Picture
Here’s a quick look at PROS Holdings Inc.’s (PRO) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 62.20%, suggesting the stock is Neutral, with a 37.34% historical volatility rate.
The stochastic %K and %D were 67.77% and 46.58% respectively, while the average true range (ATR) was 1.26. Based on the 14-day stochastic reading of 98.62%, the RSI (14) reading is 59.50%. On the 9-day MACD Oscillator, the stock is at 0.56, and the 14-day reading is at 0.60.
Analyst Ratings
In its analyst report released on April 20, 2023, Oppenheimer began covering PROS Holdings Inc. (NYSE: PRO). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned PROS Holdings Inc. (PRO) an Buy rating. PRO is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 6 others recommend it as a buy.
What is PRO’s price target for the next 12 months?
The current consensus forecast for the stock is between $39.00 and $51.00, with a median target price of $40.00. In analyzing these forecasts, the average price target given by analysts for PROS Holdings Inc. (PRO) is $41.57.
