PROG Holdings Inc [PRG] stock is trading at $42.25, up 22.00%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PRG shares have gain 20.71% over the last week, with a monthly amount glided 17.10%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, TD Cowen started tracking the stock with Outperform rating on March 08, 2024, and set its price target to $37. On January 02, 2024, upgrade upgraded it’s rating to Overweight. Loop Capital downgraded its rating to a Hold but stick to its price target of $34 on June 05, 2023. Raymond James downgraded its rating to Mkt Perform for this stock on June 17, 2022.
PROG Holdings Inc [PRG] stock has fluctuated between $26.39 and $44.81 over the past year. Currently, Wall Street analysts expect the stock to reach $35 within the next 12 months. PROG Holdings Inc [NYSE: PRG] shares were valued at $42.25 at the most recent close of the market. An investor can expect a potential drop of -17.16% based on the average PRG price forecast.
Analyzing the PRG fundamentals
PROG Holdings Inc [NYSE:PRG] reported sales of 2.39B for the trailing twelve months, which represents a drop of -2.03%. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.19 and Total Capital is 0.15.
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 39.86 points at the first support level, and at 37.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.83, and for the 2nd resistance point, it is at 45.42.
Ratios To Look Out For
For context, PROG Holdings Inc’s Current Ratio is 7.08. As well, the Quick Ratio is 3.09. Considering the valuation of this stock, the price to sales ratio is 0.76, the price to book ratio is 3.12 and price to earnings (TTM) ratio is 17.19.
