Pros Holdings Inc (NYSE:PRO) saw an upside of 12.22% to $35.90 after adding $3.91 on Wednesday. The 5-day average trading volume is 400,251 shares of the company’s common stock. It has gained $36.60 in the past week and touched a new high 2 times within the past 5 days. An average of 406,658 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 382,233.
PRO’s 1-month performance is 1.01% or $0.60 on its low of $31.92 reached on 09/26/23. The company’s shares have touched a 52-week low of $20.32 and high of $38.96, with the stock’s rally to the 52-week high happening on 07/31/23. YTD, PRO has achieved 47.98% or $11.34 and has reached a new high 20 times. However, the current price is down -7.85% from the 52-week high price.
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Insider Transactions
PRO stock investors last saw insider trading activity on Jul 31.Cook Scott William (Sr.VP,Chief Accounting Officer) most recently sold 1,097 shares at $38.00 per share on Jul 31. This transaction cost the insider $41,686. Sr.VP,Chief Accounting Officer, Cook Scott William, sold 1,903 shares at a price of $38.00 on Jul 26. Then, on Jul 21, Sr.VP,Chief Accounting Officer Cook Scott William sold 5,000 shares at a price of $35.00 per share. This transaction amounted to $175,000.
Valuation Metrics
PRO stock has a beta of 1.14. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.71.
Pros Holdings Inc’s quick ratio for the period ended June 29 was 0.82, with the current ratio over the same period at 0.82. In terms of profitability, the gross margin trailing 12 months is 61.00%. The firm’s gross profit as reported stood at $166.06 million against revenue of $276.14 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -68.62% to -$13.29 million, while revenue of -$19.0 million was -42.96% off the previous quarter. Analysts expected PRO to announce -$0.06 per share in earnings in its latest quarter, but it posted -$0.01, representing a 83.30% surprise. EBITDA for the quarter stood at more than -$10.23 million. PRO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 485.42 million, with total debt at $321.84 million. Shareholders hold equity totaling $46.2 million.
Let’s look briefly at Pros Holdings Inc (PRO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 62.24% to suggest the stock is trending Neutral, with historical volatility in this time period at 67.11%.
The stock’s 5-day moving average is $33.16, reflecting a +6.96% or $2.32 change from its current price. PRO is currently trading -0.43% above its 20-day SMA, +33.77% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +3.75% and SMA200 by+69.02%.
Stochastic %K and %D was 32.85% and 19.13% and the average true range (ATR) pointed at 1.47. The RSI (14) points at 57.32%, while the 14-day stochastic is at 78.53% with the period’s ATR at 1.36. The stock’s 9-day MACD Oscillator is pointing at 0.12 and 0.11 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Pros Holdings Inc (NYSE: PRO), Oppenheimer launched coverage with an Outperform rating.
