The stock price of Pagerduty Inc (NYSE: PD) has dropped by -1.43 compared to previous close of 20.23. Despite this, the company has seen a fall of -6.34% in its stock price over the last five trading days. businesswire.com reported 2024-05-22 that NEW YORK–(BUSINESS WIRE)–PagerDuty On Tour – PagerDuty (NYSE:PD), a global leader in digital operations management, today launched new capabilities and upgrades for the PagerDuty Operations Cloud. The new capabilities are critical to enterprises that are modernizing their operations centers, standardizing automation practices, transforming incident management, and automating their remote-location operations. Now teams can take advantage of AI and automation and more powerful end-to-end incide.
Is It Worth Investing in Pagerduty Inc (NYSE: PD) Right Now?
The stock has a 36-month beta value of 1.01. Opinions on the stock are mixed, 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 PD is 89.36M, and at present, short sellers hold a 13.05% of that float. On May 23, 2024, the average trading volume of PD was 1.11M shares.
PD’s Market Performance
PD stock saw a decrease of -6.34% in the past week, with a monthly decline of -5.27% and a quarterly a decrease of -13.87%. The volatility ratio for the week is 3.67%, and the volatility levels for the last 30 days are 3.33% for Pagerduty Inc (PD). The simple moving average for the last 20 days is -2.75% for PD’s stock, with a simple moving average of -11.72% for the last 200 days.
Analysts’ Opinion of PD
Many brokerage firms have already submitted their reports for PD stocks, with Truist repeating the rating for PD by listing it as a “Buy.” The predicted price for PD in the upcoming period, according to Truist is $30 based on the research report published on March 18, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see PD reach a price target of $30. The rating they have provided for PD stocks is “Equal-Weight” according to the report published on January 24th, 2024.
BofA Securities gave a rating of “Buy” to PD, setting the target price at $30 in the report published on December 14th of the previous year.
PD Trading at -6.98% from the 50-Day Moving Average
After a stumble in the market that brought PD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.52% of loss for the given period.
Volatility was left at 3.33%, however, over the last 30 days, the volatility rate increased by 3.67%, as shares sank -3.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.04% lower at present.
During the last 5 trading sessions, PD fell by -6.34%, which changed the moving average for the period of 200-days by -19.14% in comparison to the 20-day moving average, which settled at $20.46. In addition, Pagerduty Inc saw -13.87% 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 PD starting from WEBB SHELLEY, who sale 6,859 shares at the price of $22.39 back on Apr 04 ’24. After this action, WEBB SHELLEY now owns 253,439 shares of Pagerduty Inc, valued at $153,595 using the latest closing price.
REZVAN MITRA, the SVP Finance & CAO of Pagerduty Inc, sale 2,215 shares at $21.62 during a trade that took place back on Apr 02 ’24, which means that REZVAN MITRA is holding 119,452 shares at $47,888 based on the most recent closing price.
Stock Fundamentals for PD
Current profitability levels for the company are sitting at:
- -0.21 for the present operating margin
- 0.81 for the gross margin
The net margin for Pagerduty Inc stands at -0.18. The total capital return value is set at -0.14. Equity return is now at value -39.63, with -9.38 for asset returns.
Based on Pagerduty Inc (PD), the company’s capital structure generated 0.73 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 2.65. The interest coverage ratio of the stock is -13.59.
Currently, EBITDA for the company is -45.05 million with net debt to EBITDA at -2.06. When we switch over and look at the enterprise to sales, we see a ratio of 4.66. The receivables turnover for the company is 4.29for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.43.
Conclusion
To sum up, Pagerduty Inc (PD) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
