Procore Technologies Inc’s (PCOR) Stock: A Long-Term Performance Analysis

The stock of Procore Technologies Inc (PCOR) has seen a -5.23% decrease in the past week, with a -0.74% drop in the past month, and a 15.24% flourish in the past quarter. The volatility ratio for the week is 2.68%, and the volatility levels for the past 30 days are at 2.38% for PCOR. The simple moving average for the last 20 days is -2.14% for PCOR stock, with a simple moving average of 15.66% for the last 200 days.

Is It Worth Investing in Procore Technologies Inc (NYSE: PCOR) Right Now?

Company’s 36-month beta value is 0.72.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for PCOR is 129.59M, and currently, short sellers hold a 3.66% ratio of that floaft. The average trading volume of PCOR on April 04, 2024 was 1.21M shares.

PCOR) stock’s latest price update

Procore Technologies Inc (NYSE: PCOR) has seen a decline in its stock price by -0.71 in relation to its previous close of 78.61. However, the company has experienced a -5.23% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-26 that Procore Technologies (PCOR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.

Analysts’ Opinion of PCOR

Many brokerage firms have already submitted their reports for PCOR stocks, with JP Morgan repeating the rating for PCOR by listing it as a “Overweight.” The predicted price for PCOR in the upcoming period, according to JP Morgan is $81 based on the research report published on January 23, 2024 of the current year 2024.

Jefferies gave a rating of “Hold” to PCOR, setting the target price at $55 in the report published on November 02nd of the previous year.

PCOR Trading at 2.49% from the 50-Day Moving Average

After a stumble in the market that brought PCOR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.36% of loss for the given period.

Volatility was left at 2.38%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares surge +3.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.61% upper at present.

During the last 5 trading sessions, PCOR fell by -5.23%, which changed the moving average for the period of 200-days by +14.86% in comparison to the 20-day moving average, which settled at $79.90. In addition, Procore Technologies Inc saw 12.76% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at PCOR starting from Courtemanche Craig F. Jr., who sale 68,000 shares at the price of $81.30 back on Apr 01 ’24. After this action, Courtemanche Craig F. Jr. now owns 531,399 shares of Procore Technologies Inc, valued at $5,528,362 using the latest closing price.

Singer Benjamin C, the Chief Legal Officer; Secretary of Procore Technologies Inc, sale 3,000 shares at $82.15 during a trade that took place back on Apr 01 ’24, which means that Singer Benjamin C is holding 125,321 shares at $246,450 based on the most recent closing price.

Stock Fundamentals for PCOR

Current profitability levels for the company are sitting at:

  • -0.22 for the present operating margin
  • 0.81 for the gross margin

The net margin for Procore Technologies Inc stands at -0.2. The total capital return value is set at -0.17. Equity return is now at value -16.70, with -10.44 for asset returns.

Based on Procore Technologies Inc (PCOR), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 0.98. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is -109.1.

Currently, EBITDA for the company is -139.81 million with net debt to EBITDA at 2.23. When we switch over and look at the enterprise to sales, we see a ratio of 11.63. The receivables turnover for the company is 4.0for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.

Conclusion

In a nutshell, Procore Technologies Inc (PCOR) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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