The stock of Progress Software Corp (PRGS) has seen a 1.19% increase in the past week, with a -8.93% drop in the past month, and a -6.41% decrease in the past quarter. The volatility ratio for the week is 1.64%, and the volatility levels for the past 30 days are at 1.95% for PRGS. The simple moving average for the last 20 days is -2.52% for PRGS’s stock, with a simple moving average of 7.32% for the last 200 days.
Is It Worth Investing in Progress Software Corp (NASDAQ: PRGS) Right Now?
The price-to-earnings ratio for Progress Software Corp (NASDAQ: PRGS) is above average at 33.72x, Company’s 36-month beta value is 0.94.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for PRGS is 42.22M, and currently, short sellers hold a 12.58% ratio of that floaft. The average trading volume of PRGS on January 20, 2025 was 446.76K shares.
PRGS) stock’s latest price update
Progress Software Corp (NASDAQ: PRGS)’s stock price has gone decline by -1.22 in comparison to its previous close of 63.72, however, the company has experienced a 1.19% increase in its stock price over the last five trading days. zacks.com reported 2025-01-15 that Beyond analysts’ top -and-bottom-line estimates for Progress Software (PRGS), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended November 2024.
Analysts’ Opinion of PRGS
Many brokerage firms have already submitted their reports for PRGS stocks, with DA Davidson repeating the rating for PRGS by listing it as a “Buy.” The predicted price for PRGS in the upcoming period, according to DA Davidson is $65 based on the research report published on March 28, 2024 of the previous year 2024.
Guggenheim, on the other hand, stated in their research note that they expect to see PRGS reach a price target of $60. The rating they have provided for PRGS stocks is “Buy” according to the report published on January 24th, 2023.
Jefferies gave a rating of “Hold” to PRGS, setting the target price at $52 in the report published on September 09th of the previous year.
PRGS Trading at -5.71% from the 50-Day Moving Average
After a stumble in the market that brought PRGS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.79% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 1.64%, as shares sank -8.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.56% lower at present.
During the last 5 trading sessions, PRGS rose by +1.19%, which changed the moving average for the period of 200-days by +20.60% in comparison to the 20-day moving average, which settled at $64.57. In addition, Progress Software Corp saw -3.39% 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 PRGS starting from Jarrett Loren, who sale 1,666 shares at the price of $63.97 back on Nov 04 ’24. After this action, Jarrett Loren now owns 13,524 shares of Progress Software Corp, valued at $106,574 using the latest closing price.
Subramanian Sundar, the EVP/GM Infrastructure Mgmt of Progress Software Corp, sale 649 shares at $64.02 during a trade that took place back on Nov 01 ’24, which means that Subramanian Sundar is holding 18,469 shares at $41,549 based on the most recent closing price.
Stock Fundamentals for PRGS
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.77 for the gross margin
The net margin for Progress Software Corp stands at 0.12. The total capital return value is set at 0.1. Equity return is now at value 18.98, with 5.14 for asset returns.
Based on Progress Software Corp (PRGS), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 1.91. The interest coverage ratio of the stock is 4.6.
Currently, EBITDA for the company is 213.38 million with net debt to EBITDA at 2.47. When we switch over and look at the enterprise to sales, we see a ratio of 4.59. The receivables turnover for the company is 5.82for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.
Conclusion
In a nutshell, Progress Software Corp (PRGS) has experienced a mixed 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.
