Why Ping Identity Holding Corp. [PING] Stock Can Charge Above The $23.83 Level

Ping Identity Holding Corp. [PING] has traded in a range of $12.02 to $37.80 in the last 1 year. As of this writing, the stock is at $23.83, up 6.70%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, PING shares are 1.00% up with the monthly amount drift of -16.18% and seems bad in a long time frame.

On 1, December 2020, Ping Identity Ranked First in All Use Cases in the Gartner 2020 Critical Capabilities for Access Management Report. According to news published on Yahoo Finance, Placement Follows Company Being Named as a Leader by Gartner, Inc. in the 2020 Magic Quadrant for Access Management.

Analyst Birdseye View:

The most recent analyst activity for Ping Identity Holding Corp. [NYSE:PING] stock was on October 12, 2020, when it was Downgrade with a Neutral rating from Mizuho, which also raised its 12-month price target on the stock to $36. Before that, on November 05, 2020, Piper Sandler Recapitulated a Neutral rating and elevated its amount target to $25. On October 05, 2020, Raymond James Resumed a Strong buy rating and boosted its price target on this stock to $40. On October 05, 2020, Goldman Resumed a Neutral rating and increased its price target to $33. On August 13, 2020, Colliers Securities Upgrade a Buy rating and increased its price target to $35. On June 24, 2020, Robert W. Baird Initiated a Neutral rating and boosted its amount on this stock to $33. On May 27, 2020, Piper Sandler Initiated an Overweight rating and boosted its target amount on this stock to $32.

In the past 52 weeks of trading, this stock has oscillated between a low of $12.02 and a peak of $37.80. Right now, the middling Wall Street analyst 12-month amount mark is $34.50. At the most recent market close, shares of Ping Identity Holding Corp. [NYSE:PING] were valued at $23.83. According to the average price forecast, investors can expect a potential return of 4.55%.

FUNDAMENTAL ANALYSIS

Ping Identity Holding Corp. [NYSE:PING] most recently reported quarterly sales of 59.94 billion, which represented growth of -3.10%. This publicly-traded organization’s revenue is $254,877 per employee, while its income is -$1,578 per employee. This company’s Gross Margin is currently 73.60%, its Operating Margin is -6.90%, its Pretax Margin is -4.00, and its Net Margin is -0.62. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -0.17, -0.25, 1.41 and -0.20 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 6.69 and the whole liability to whole assets at 5.84. It shows enduring liability to the whole principal at 6.69 and enduring liability to assets at 0.06 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 21.67 points at 1st support level, the second support level is making up to 21.00. But as of 1st resistance point, this stock is sitting at 22.67 and at 23.00 for 2nd resistance point.

Ping Identity Holding Corp. [PING] reported its earnings at $0.11 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.02/share signifying the difference of 0.09 and 450.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.08 calling estimates for $0.01/share with the difference of 0.07 depicting the surprise of 700.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Ping Identity Holding Corp. [NYSE:PING] is 5.50. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.91. Now if looking for a valuation of this stock’s amount to sales ratio it’s 6.89 and it’s amount to book ratio is 2.72.

Insider Stories

The most recent insider trade was by DURAND ANDRE WONG, CEO, Director, and it was the sale of 50000.0 shares on Oct 26. DANI RAJ M., the Chief Financial Officer, completed a sale of 98000.0 shares on Oct 20. On Jul 13, VEP Group, LLC, 10% Owner, completed a sale of 10.22 million shares.