Moreover, the 36-month beta value for PCOR is 0.78. Analysts have varying 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 PCOR is 130.60M and currently, short sellers hold a 4.23% of that float. On May 09, 2024, PCOR’s average trading volume was 1.44M shares.
PCOR) stock’s latest price update
The stock of Procore Technologies Inc (NYSE: PCOR) has decreased by -0.61 when compared to last closing price of 68.46. Despite this, the company has experienced a -0.29% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-06 that Procore Technologies (PCOR) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
PCOR’s Market Performance
PCOR’s stock has fallen by -0.29% in the past week, with a monthly drop of -14.12% and a quarterly drop of -6.24%. The volatility ratio for the week is 3.94% while the volatility levels for the last 30 days are 2.92% for Procore Technologies Inc The simple moving average for the last 20 days is -4.03% for PCOR stock, with a simple moving average of -0.09% for the last 200 days.
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 -10.29% 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 -18.37% of loss for the given period.
Volatility was left at 2.92%, however, over the last 30 days, the volatility rate increased by 3.94%, as shares sank -9.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.56% lower at present.
During the last 5 trading sessions, PCOR fell by -0.29%, which changed the moving average for the period of 200-days by -3.56% in comparison to the 20-day moving average, which settled at $70.52. In addition, Procore Technologies Inc saw -1.70% 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 PCOR starting from Courtemanche Craig F. Jr., who sale 68,000 shares at the price of $68.97 back on May 01 ’24. After this action, Courtemanche Craig F. Jr. now owns 530,049 shares of Procore Technologies Inc, valued at $4,690,024 using the latest closing price.
Singer Benjamin C, the Chief Legal Officer; Secretary of Procore Technologies Inc, sale 3,000 shares at $69.05 during a trade that took place back on May 01 ’24, which means that Singer Benjamin C is holding 122,321 shares at $207,160 based on the most recent closing price.
Stock Fundamentals for PCOR
Current profitability levels for the company are sitting at:
- -0.16 for the present operating margin
- 0.81 for the gross margin
The net margin for Procore Technologies Inc stands at -0.14. The total capital return value is set at -0.13. Equity return is now at value -11.94, with -7.64 for asset returns.
Based on Procore Technologies Inc (PCOR), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 1.72. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -82.78.
Currently, EBITDA for the company is -139.81 million with net debt to EBITDA at 5.25. When we switch over and look at the enterprise to sales, we see a ratio of 9.55. The receivables turnover for the company is 5.84for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.60.
Conclusion
To wrap up, the performance of Procore Technologies Inc (PCOR) has been bad in recent times. The stock has received a mixed of “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.
