At the last check on Thursday, Procore Technologies Inc.’s (NYSE:PCOR) stock was down -$1.87, moving down -2.87 percent to $63.19. The average number of shares traded per day over the past five days has been 1,673,217 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.49 fall in that time frame. In the last twenty days, the average volume was 970,504, while in the previous 50 days, it was 994,554.
Since last month, PCOR stock rose 1.14%. Shares of the company fell to $61.72 on 09/19/23, the lowest level in the past month. A 52-week high of $76.86 was reached on 08/01/23 after having rallying from a 52-week low of $41.80. Since the beginning of this year, PCOR’s stock price has risen by 33.94% or $15.85, and marked a new high 23 times. However, the stock has declined by -17.78% since its 52-week high.
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PCOR stock investors should be aware that Procore Technologies Inc. (PCOR) stock had its last reported insider trading activity 3 days ago on Sep 18. Courtemanche Craig F. Jr., the CEO & President of the company, disposed of 63,500 shares for $64.03 on Sep 18. It resulted in a $4,065,898 divestment by the insider. Courtemanche Craig F. Jr. sold 97,500 shares at an average price of $66.81 on Sep 06. The insider now owns 545,349 shares following the transaction. On Aug 29, SVP, Corporate Controller Fleming William Fred Jr sold 3,000 shares at $66.33 apiece. The transaction was valued at $198,990.
Valuation Metrics
The stock’s beta is 0.68. Besides these, the trailing price-to-sales (P/S) ratio of 10.75, the price-to-book (PB) ratio of 8.00, and the price-to-cash flow ratio of 8118.83 may also be considered.
Financial Health
In the three months ended June 29, Procore Technologies Inc.’s quick ratio stood at 1.50, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.04, and the total debt-to-equity ratio was 0.04. On the profitability front, the trailing twelve-month gross margin is 80.60% percent. In the year ended June 29, EBITDA margin amounted to -28.86%, whereas operating margins totaled -33.10%. Based on annual data, PCOR earned $571.79 million in gross profit and brought in $720.2 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 -25.00%. Return on equity (ROE) for the past 12 months was -23.20%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PCOR’s revenue rose 24.55% to $213.53 million during the quarter, while net income inched up to $228.23 million. While analysts expected Procore Technologies Inc. to report -$0.09 quarterly earnings, the actual figure was $0.02 per share, beating the consensus estimate by 122.20%. During the quarter, the company generated -$41.39 million in EBITDA. The liabilities of Procore Technologies Inc. were 609.52 million at the end of its most recent quarter ended June 29, and its total debt was $80.2 million. The value of shareholders’ equity is $142.38 million.
Technical Picture
This quick technical analysis looks at Procore Technologies Inc.’s (PCOR) price momentum. With a historical volatility rate of 30.86%, the RSI 9-day stood at 40.10% on 20 September.
With respect to its five-day moving average, the current Procore Technologies Inc. price is down by -0.77% percent or -$0.49. At present, PCOR shares trade -1.18% below its 20-day simple moving average and +18.01% percent above its 100-day simple moving average. However, the stock is currently trading approximately -11.14% below its SMA50 and +23.98% above its SMA200.
Stochastic coefficient K was 28.37% and Stochastic coefficient D was 27.96%, while ATR was 2.23. Given the Stochastic reading of 18.32% for the 14-day period, the RSI (14) reading has been calculated as 42.15%. As of today, the MACD Oscillator reading stands at -0.20, while the 14-day reading stands at -1.40.
Analyst Ratings
Procore Technologies Inc. downgraded its rating on Procore Technologies Inc. (NYSE: PCOR) to a Hold in a note to investors on August 03, 2023. The analysts firm previously had a Buy rating on the stock.Procore Technologies Inc. (PCOR) has been rated Buy by analysts. According to 0 brokerage firms, PCOR 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 Procore Technologies Inc. stock as buy, with 14 recommending it as overweight.
With a median target price of $85.00, the current consensus forecast for the stock is $70.00 – $90.00. Based on these forecasts, analysts predict Procore Technologies Inc. (PCOR) will achieve an average price target of $83.07.
