PCOR has 36-month beta value of 0.75. Analysts have mixed views 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 134.68M, and currently, short sellers hold a 5.96% ratio of that float. The average trading volume of PCOR on July 04, 2024 was 1.44M shares.
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PCOR) stock’s latest price update
The stock of Procore Technologies Inc (NYSE: PCOR) has increased by 0.21 when compared to last closing price of 67.98. Despite this, the company has experienced a 8.04% gain in its stock price over the last five trading sessions. fool.com reported 2024-06-30 that Fortinet’s predicting a brighter second half of the year and is still a leader in its space. Procore is trying to disrupt the construction industry and is growing solidly.
PCOR’s Market Performance
Procore Technologies Inc (PCOR) has seen a 8.04% rise in stock performance for the week, with a 4.21% gain in the past month and a -12.72% plunge in the past quarter. The volatility ratio for the week is 2.92%, and the volatility levels for the past 30 days are at 2.53% for PCOR. The simple moving average for the past 20 days is 4.43% for PCOR’s stock, with a -0.00% simple moving average for the past 200 days.
Analysts’ Opinion of PCOR
Many brokerage firms have already submitted their reports for PCOR stocks, with Macquarie repeating the rating for PCOR by listing it as a “Neutral.” The predicted price for PCOR in the upcoming period, according to Macquarie is $70 based on the research report published on June 05, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see PCOR reach a price target of $70, previously predicting the price at $75. The rating they have provided for PCOR stocks is “Neutral” according to the report published on June 04th, 2024.
JP Morgan gave a rating of “Overweight” to PCOR, setting the target price at $81 in the report published on January 23rd of the current year.
PCOR Trading at 0.97% 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 -18.27% of loss for the given period.
Volatility was left at 2.53%, however, over the last 30 days, the volatility rate increased by 2.92%, as shares surge +5.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.49% lower at present.
During the last 5 trading sessions, PCOR rose by +9.15%, which changed the moving average for the period of 200-days by +7.53% in comparison to the 20-day moving average, which settled at $65.41. In addition, Procore Technologies Inc saw -1.59% 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 $65.59 back on Jul 01 ’24. After this action, Courtemanche Craig F. Jr. now owns 527,349 shares of Procore Technologies Inc, valued at $4,459,998 using the latest closing price.
Singer Benjamin C, the Chief Legal Officer; Secretary of Procore Technologies Inc, sale 2,000 shares at $66.13 during a trade that took place back on Jul 01 ’24, which means that Singer Benjamin C is holding 108,705 shares at $132,260 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 9.62. 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 put it simply, Procore Technologies Inc (PCOR) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
