As of Thursday close, PagerDuty Inc.’s (NYSE:PD) stock was down -$0.91, moving down -3.88 percent to $22.54. The average number of shares traded per day over the past five days has been 1,207,280 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.85 fall in that time frame. In the last twenty days, the average volume was 1,231,005, while in the previous 50 days, it was 1,122,174.
Since last month, PD stock retreated -6.71%. Shares of the company fell to $22.41 on 09/21/23, the lowest level in the past month. A 52-week high of $35.33 was reached on 03/31/23 after having rallying from a 52-week low of $19.51. Since the beginning of this year, PD’s stock price has dropped by -15.14% or -$4.02, and marked a new high 9 times. However, the stock has declined by -36.20% since its 52-week high.
PD stock investors should be aware that PagerDuty Inc. (PD) stock had its last reported insider trading activity 29 days ago on Aug 24. Wilson Howard, the Chief Financial Officer of the company, disposed of 322 shares for $25.04 on Aug 24. It resulted in a $8,063 divestment by the insider. Wilson Howard sold 888 shares at an average price of $25.00 on Jul 26. The insider now owns 557,046 shares following the transaction. On Jul 14, Chief Financial Officer Wilson Howard sold 4,260 shares at $25.03 apiece. The transaction was valued at $106,628.
Valuation Metrics
The stock’s beta is 0.88. Besides these, the trailing price-to-sales (P/S) ratio of 5.13, the price-to-book (PB) ratio of 7.85, and the price-to-cash flow ratio of 48.55 may also be considered.
Financial Health
In the three months ended July 30, PagerDuty Inc.’s quick ratio stood at 2.50, while its current ratio was 2.50, 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 July 30 was 1.07, and the total debt-to-equity ratio was 1.07. On the profitability front, the trailing twelve-month gross margin is 81.70% percent. In the year ended July 30, EBITDA margin amounted to -22.67%, whereas operating margins totaled -24.90%. Based on annual data, PD earned $300.36 million in gross profit and brought in $370.79 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 -24.50%. Return on equity (ROE) for the past 12 months was -37.30%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PD’s revenue rose 15.48% to $103.25 million during the quarter, while net income inched up to $106.78 million. While analysts expected PagerDuty Inc. to report $0.1 quarterly earnings, the actual figure was $0.19 per share. During the quarter, the company generated -$15.26 million in EBITDA. The liabilities of PagerDuty Inc. were 546.01 million at the end of its most recent quarter ended July 30, and its total debt was $299.81 million. The value of shareholders’ equity is $93.31 million.
Technical Picture
This quick technical analysis looks at PagerDuty Inc.’s (PD) price momentum. With a historical volatility rate of 24.99%, the RSI 9-day stood at 30.17% on 21 September.
With respect to its five-day moving average, the current PagerDuty Inc. price is down by -3.63% percent or -$0.85. At present, PD shares trade -9.55% below its 20-day simple moving average and -25.02% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.59% below its SMA50 and -4.77% below its SMA200.
Stochastic coefficient K was 17.51% and Stochastic coefficient D was 23.49%, while ATR was 0.76. Given the Stochastic reading of 6.57% for the 14-day period, the RSI (14) reading has been calculated as 36.69%. As of today, the MACD Oscillator reading stands at -0.29, while the 14-day reading stands at -0.37.
Analyst Ratings
PagerDuty Inc. downgraded its rating on PagerDuty Inc. (NYSE: PD) to a Neutral in a note to investors on September 01, 2023. The analysts firm previously had an Outperform rating on the stock.PagerDuty Inc. (PD) has been rated Overweight by analysts. According to 0 brokerage firms, PD is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate PagerDuty Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $29.35, the current consensus forecast for the stock is $25.00 – $32.00. Based on these forecasts, analysts predict PagerDuty Inc. (PD) will achieve an average price target of $28.46.
