Procore Technologies Inc [PCOR] stock is trading at $79.43, down -0.44%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PCOR shares have gain 5.55% over the last week, with a monthly amount glided 6.43%, and seem to be holding up well over a long-time horizon.
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On 15, February 2024, Procore Announces Fourth Quarter and Full Year 2023 Financial Results. In a post published today on Yahoo Finance, Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today announced financial results for the fourth quarter and full year ended December 31, 2023.
From an analyst’s perspective:
Procore Technologies Inc [NYSE: PCOR] stock has seen the most recent analyst activity on January 23, 2024, when JP Morgan reiterated its Overweight rating and also boosted its price target to $81 from $76. Previously, Oppenheimer downgraded its rating to Perform on November 02, 2023. On November 02, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $55 on the stock. BMO Capital Markets started tracking the stock assigning a Outperform rating and suggested a price target of $80 on October 26, 2023. Loop Capital downgraded its rating to a Hold and reduced its price target to $75 on August 03, 2023. In a note dated July 11, 2023, Scotiabank upgraded an Sector Outperform rating on this stock but restated the target price of $81.
Procore Technologies Inc [PCOR] stock has fluctuated between $48.11 and $80.43 over the past year. Currently, Wall Street analysts expect the stock to reach $75 within the next 12 months. Procore Technologies Inc [NYSE: PCOR] shares were valued at $79.43 at the most recent close of the market. An investor can expect a potential drop of -5.58% based on the average PCOR price forecast.
Analyzing the PCOR fundamentals
Procore Technologies Inc [NYSE:PCOR] reported sales of 950.01M for the trailing twelve months, which represents a growth of 28.70%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.2%, and Net Profit Margin reading is -0.2%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.17 and Total Capital is -0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 78.55 points at the first support level, and at 77.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 80.36, and for the 2nd resistance point, it is at 81.28.
Procore Technologies Inc [PCOR] reported earnings per share of $0.17 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.07/share, meaning a difference of $0.1 and a surprise factor of 142.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.09 per share as compared to estimates of -$0.05 per share, a difference of $0.14 representing a surprise of 280.00%.
Ratios To Look Out For
For context, Procore Technologies Inc’s Current Ratio is 1.49. In addition, the Quick Ratio stands at 1.49 and the Cash Ratio stands at 0.56. Considering the valuation of this stock, the price to sales ratio is 12.12, the price to book ratio is 9.95.
Transactions by insiders
Recent insider trading involved Courtemanche Craig F. Jr., CEO & President, that happened on Mar 08 ’24 when 0.11 million shares were sold. Chief Legal Officer; Secretary, Singer Benjamin C completed a deal on Mar 08 ’24 to sell 8000.0 shares. Meanwhile, Director O CONNOR KEVIN J sold 6410.0 shares on Mar 08 ’24.
