At the time of writing, Progress Software Corp. [PRGS] stock is trading at $50.72, up 1.32%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PRGS shares have lost -1.15% over the last week, with a monthly amount drifted -3.54%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Progress Software Corp. [NASDAQ: PRGS] stock has seen the most recent analyst activity on March 28, 2024, when DA Davidson initiated its Buy rating and assigned the stock a price target of $65. On September 09, 2022, Jefferies initiated with a Hold rating and assigned a price target of $52 on the stock. Guggenheim started tracking the stock assigning a Buy rating and suggested a price target of $60 on August 12, 2022. JP Morgan initiated its recommendation with a Overweight and recommended $60 as its price target on October 22, 2021. Citigroup started tracking with a Neutral rating for this stock on August 06, 2021, and assigned it a price target of $48. In a note dated July 15, 2021, Oppenheimer initiated an Outperform rating and provided a target price of $54 on this stock.
For the past year, the stock price of Progress Software Corp. fluctuated between $49.02 and $62.34. Currently, Wall Street analysts expect the stock to reach $61.75 within the next 12 months. Progress Software Corp. [NASDAQ: PRGS] shares were valued at $50.72 at the most recent close of the market. An investor can expect a potential return of 21.75% based on the average PRGS price forecast.
Analyzing the PRGS fundamentals
According to Progress Software Corp. [NASDAQ:PRGS], the company’s sales were 714.90M for trailing twelve months, which represents an 12.46% jump. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.15 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.52.
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 49.46 points at the first support level, and at 48.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.51, and for the 2nd resistance point, it is at 52.31.
Ratios To Look Out For
It is important to note that Progress Software Corp. [NASDAQ:PRGS] has a current ratio of 0.95. Also, the Quick Ratio is 0.95, while the Cash Ratio stands at 0.41. Considering the valuation of this stock, the price to sales ratio is 3.07, the price to book ratio is 4.80 and price to earnings (TTM) ratio is 32.86.
Transactions by insiders
Recent insider trading involved KRALL DAVID, Director, that happened on Apr 11 ’24 when 20000.0 shares were sold. Chief Information Officer, Pitt Ian completed a deal on Apr 02 ’24 to sell 1283.0 shares. Meanwhile, Chief Executive Officer Gupta Yogesh K sold 50808.0 shares on Apr 01 ’24.
