The stock of PROG Holdings Inc (PRG) has seen a 16.23% increase in the past week, with a 4.73% gain in the past month, and a 17.61% flourish in the past quarter. The volatility ratio for the week is 4.74%, and the volatility levels for the past 30 days are at 3.07% for PRG. The simple moving average for the last 20 days is 8.97% for PRG stock, with a simple moving average of 11.66% for the last 200 days.
Is It Worth Investing in PROG Holdings Inc (NYSE: PRG) Right Now?
The price-to-earnings ratio for PROG Holdings Inc (NYSE: PRG) is above average at 12.04x, Company’s 36-month beta value is 2.08.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.”
The public float for PRG is 42.57M, and currently, short sellers hold a 3.49% ratio of that floaft. The average trading volume of PRG on April 25, 2024 was 418.70K shares.
PRG) stock’s latest price update
The stock of PROG Holdings Inc (NYSE: PRG) has increased by 8.82 when compared to last closing price of 32.77. Despite this, the company has experienced a 16.23% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-24 that PROG Holdings (PRG) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $1.11 per share a year ago.
Analysts’ Opinion of PRG
Many brokerage firms have already submitted their reports for PRG stocks, with TD Cowen repeating the rating for PRG by listing it as a “Outperform.” The predicted price for PRG in the upcoming period, according to TD Cowen is $37 based on the research report published on March 08, 2024 of the current year 2024.
Loop Capital gave a rating of “Hold” to PRG, setting the target price at $34 in the report published on June 05th of the previous year.
PRG Trading at 10.74% from the 50-Day Moving Average
After a stumble in the market that brought PRG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.42% of loss for the given period.
Volatility was left at 3.07%, however, over the last 30 days, the volatility rate increased by 4.74%, as shares surge +5.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.80% upper at present.
During the last 5 trading sessions, PRG rose by +16.23%, which changed the moving average for the period of 200-days by +9.79% in comparison to the 20-day moving average, which settled at $32.82. In addition, PROG Holdings Inc saw 15.37% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for PRG
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.67 for the gross margin
The net margin for PROG Holdings Inc stands at 0.05. The total capital return value is set at 0.13. Equity return is now at value 23.90, with 9.31 for asset returns.
Currently, EBITDA for the company is 2.03 billion with net debt to EBITDA at -0.17. When we switch over and look at the enterprise to sales, we see a ratio of 0.55. The receivables turnover for the company is 38.26for trailing twelve months and the total asset turnover is 1.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.50.
Conclusion
In a nutshell, PROG Holdings Inc (PRG) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
