PRA Group Inc (NASDAQ: PRAA)’s stock price has soared by 7.75 in relation to previous closing price of 22.31. Nevertheless, the company has seen a loss of -3.99% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-08 that Growing portfolio supply in the United States, coupled with pricing tailwinds and improvement in cash efficiency ratio, poise PRA Group (PRAA) well for growth.
Is It Worth Investing in PRA Group Inc (NASDAQ: PRAA) Right Now?
The 36-month beta value for PRAA is at 1.48. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 as “hold,” and 1 as “sell.”
The public float for PRAA is 37.70M, and currently, shorts hold a 2.76% of that float. The average trading volume for PRAA on April 18, 2024 was 219.68K shares.
PRAA’s Market Performance
The stock of PRA Group Inc (PRAA) has seen a -3.99% decrease in the past week, with a 4.66% rise in the past month, and a 8.43% gain in the past quarter. The volatility ratio for the week is 6.20%, and the volatility levels for the past 30 days are at 3.93% for PRAA. The simple moving average for the past 20 days is -4.05% for PRAA’s stock, with a 11.48% simple moving average for the past 200 days.
Analysts’ Opinion of PRAA
Many brokerage firms have already submitted their reports for PRAA stocks, with JMP Securities repeating the rating for PRAA by listing it as a “Mkt Outperform.” The predicted price for PRAA in the upcoming period, according to JMP Securities is $35 based on the research report published on May 08, 2020 of the previous year 2020.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see PRAA reach a price target of $35. The rating they have provided for PRAA stocks is “Outperform” according to the report published on April 13th, 2020.
PRAA Trading at -3.06% from the 50-Day Moving Average
After a stumble in the market that brought PRAA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -38.17% of loss for the given period.
Volatility was left at 3.93%, however, over the last 30 days, the volatility rate increased by 6.20%, as shares surge +2.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.75% upper at present.
During the last 5 trading sessions, PRAA fell by -3.99%, which changed the moving average for the period of 200-days by +5.21% in comparison to the 20-day moving average, which settled at $25.08. In addition, PRA Group Inc saw -8.24% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PRAA starting from Atal Vikram A, who sale 5,830 shares at the price of $24.39 back on Apr 15 ’24. After this action, Atal Vikram A now owns 155,625 shares of PRA Group Inc, valued at $142,194 using the latest closing price.
FREDRICKSON STEVEN D, the Chairman of PRA Group Inc, purchase 26,000 shares at $19.31 during a trade that took place back on Aug 29 ’23, which means that FREDRICKSON STEVEN D is holding 139,709 shares at $502,060 based on the most recent closing price.
Stock Fundamentals for PRAA
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.54 for the gross margin
The net margin for PRA Group Inc stands at -0.1. The total capital return value is set at 0.04. Equity return is now at value -6.97, with -1.92 for asset returns.
Based on PRA Group Inc (PRAA), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at -0.03. The debt to equity ratio resting at 2.6. The interest coverage ratio of the stock is 0.94.
Currently, EBITDA for the company is 133.54 million with net debt to EBITDA at 60.93. When we switch over and look at the enterprise to sales, we see a ratio of 4.81. The receivables turnover for the company is 0.22for trailing twelve months and the total asset turnover is 0.18.
Conclusion
In conclusion, PRA Group Inc (PRAA) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
