At the time of writing, Procore Technologies Inc [PCOR] stock is trading at $66.19, down -0.18%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PCOR shares have gain 3.45% over the last week, with a monthly amount drifted -1.44%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Procore Technologies Inc [NYSE: PCOR] stock has seen the most recent analyst activity on June 05, 2024, when Macquarie initiated its Neutral rating and assigned the stock a price target of $70. Previously, Mizuho downgraded its rating to Neutral on June 04, 2024, and dropped its price target to $70. On January 23, 2024, JP Morgan reiterated its Overweight rating and revised its price target to $81 on the stock. Oppenheimer downgraded its rating to a Perform. Jefferies downgraded its rating to a Hold and reduced its price target to $55 on November 02, 2023. BMO Capital Markets started tracking with a Outperform rating for this stock on October 26, 2023, and assigned it a price target of $80. In a note dated August 03, 2023, Loop Capital downgraded an Hold rating on this stock and revised its target price from $80 to $75.
For the past year, the stock price of Procore Technologies Inc fluctuated between $48.11 and $83.35. Currently, Wall Street analysts expect the stock to reach $77.86 within the next 12 months. Procore Technologies Inc [NYSE: PCOR] shares were valued at $66.19 at the most recent close of the market. An investor can expect a potential return of 17.63% based on the average PCOR price forecast.
Analyzing the PCOR fundamentals
According to Procore Technologies Inc [NYSE:PCOR], the company’s sales were 1.01B for trailing twelve months, which represents an 26.18% jump. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at -0.16%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.14%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.12 and Total Capital is -0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.
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 65.34 points at the first support level, and at 64.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.71, and for the 2nd resistance point, it is at 67.22.
Ratios To Look Out For
It is important to note that Procore Technologies Inc [NYSE:PCOR] has a current ratio of 1.60. As well, the Quick Ratio is 1.60, while the Cash Ratio is 0.72. Considering the valuation of this stock, the price to sales ratio is 9.63, the price to book ratio is 8.11.
Transactions by insiders
Recent insider trading involved Davis Steven Scott, President Product & Technology, that happened on Jun 28 ’24 when 7641.0 shares were sold. CFO & Treasurer, Fu Howard completed a deal on Jun 28 ’24 to sell 1157.0 shares. Meanwhile, President Product & Technology Davis Steven Scott sold 2174.0 shares on Jun 14 ’24.
