Additionally, the 36-month beta value for PRO is 1.20. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for PRO is 42.72M and currently, short sellers hold a 9.06% ratio of that float. The average trading volume of PRO on August 23, 2024 was 572.85K shares.
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PRO) stock’s latest price update
Pros Holdings Inc (NYSE: PRO)’s stock price has decreased by -1.89 compared to its previous closing price of 19.08. However, the company has seen a -1.63% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-08-12 that Pros Holdings (PRO) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
PRO’s Market Performance
PRO’s stock has fallen by -1.63% in the past week, with a monthly drop of -24.03% and a quarterly drop of -38.98%. The volatility ratio for the week is 3.52% while the volatility levels for the last 30 days are 4.76% for Pros Holdings Inc The simple moving average for the last 20 days is -11.86% for PRO stock, with a simple moving average of -42.13% for the last 200 days.
Analysts’ Opinion of PRO
Many brokerage firms have already submitted their reports for PRO stocks, with Craig Hallum repeating the rating for PRO by listing it as a “Hold.” The predicted price for PRO in the upcoming period, according to Craig Hallum is $32 based on the research report published on July 09, 2024 of the current year 2024.
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see PRO reach a price target of $43. The rating they have provided for PRO stocks is “Overweight” according to the report published on January 12th, 2024.
Oppenheimer gave a rating of “Outperform” to PRO, setting the target price at $37 in the report published on April 20th of the previous year.
PRO Trading at -23.15% from the 50-Day Moving Average
After a stumble in the market that brought PRO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.33% of loss for the given period.
Volatility was left at 4.76%, however, over the last 30 days, the volatility rate increased by 3.52%, as shares sank -28.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.49% lower at present.
During the last 5 trading sessions, PRO fell by -1.63%, which changed the moving average for the period of 200-days by -46.89% in comparison to the 20-day moving average, which settled at $20.87. In addition, Pros Holdings Inc saw -51.74% 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 PRO starting from Jourdan Leland, who sale 2,162 shares at the price of $31.03 back on May 14 ’24. After this action, Jourdan Leland now owns 13,313 shares of Pros Holdings Inc, valued at $67,087 using the latest closing price.
Schulz Stefan B, the EVP and CFO of Pros Holdings Inc, sale 6,000 shares at $31.03 during a trade that took place back on May 14 ’24, which means that Schulz Stefan B is holding 258,327 shares at $186,180 based on the most recent closing price.
Stock Fundamentals for PRO
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.64 for the gross margin
The net margin for Pros Holdings Inc stands at -0.13. The total capital return value is set at -0.16.
Based on Pros Holdings Inc (PRO), the company’s capital structure generated 1.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at -3.32. The interest coverage ratio of the stock is -8.37.
Currently, EBITDA for the company is -33.01 million with net debt to EBITDA at -7.14. When we switch over and look at the enterprise to sales, we see a ratio of 3.29. The receivables turnover for the company is 6.65for trailing twelve months and the total asset turnover is 0.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.19.
Conclusion
In conclusion, Pros Holdings Inc (PRO) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
