At the time of writing, Procore Technologies Inc [PCOR] stock is trading at $58.13, up 0.22%. An important factor to consider is whether the stock is rising or falling in short-term value. The PCOR shares have gain 7.05% over the last week, with a monthly amount glided 2.87%, and 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 August 02, 2024, when DA Davidson downgraded its rating to a Neutral and also revised its price target to $60 from $90. Previously, Barclays downgraded its rating to Equal Weight on August 02, 2024, and dropped its price target to $54. On June 05, 2024, Macquarie initiated with a Neutral rating and assigned a price target of $70 on the stock. Mizuho downgraded its rating to a Neutral and decreased its price target to $70 on June 04, 2024. JP Morgan reiterated its recommendation of a Overweight and raised its price target to $81 on January 23, 2024. Oppenheimer downgraded its rating to Perform for this stock on November 02, 2023. In a note dated November 02, 2023, Jefferies downgraded an Hold rating on this stock and revised its target price from $90 to $55.
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 $73.56 within the next 12 months. Procore Technologies Inc [NYSE: PCOR] shares were valued at $58.13 at the most recent close of the market. An investor can expect a potential return of 26.54% based on the average PCOR price forecast.
Analyzing the PCOR fundamentals
According to Procore Technologies Inc [NYSE:PCOR], the company’s sales were 1.06B for trailing twelve months, which represents an 24.42% jump. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.08 and Total Capital is -0.09. 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 57.72 points at the first support level, and at 57.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.53, and for the 2nd resistance point, it is at 58.92.
Ratios To Look Out For
It is important to note that Procore Technologies Inc [NYSE:PCOR] has a current ratio of 1.55. On the other hand, the Quick Ratio is 1.55, and the Cash Ratio is 0.57. Considering the valuation of this stock, the price to sales ratio is 8.09, the price to book ratio is 6.84.
Transactions by insiders
Recent insider trading involved Courtemanche Craig F. Jr., CEO & President, that happened on Aug 22 ’24 when 22993.0 shares were sold. Chief Data Officer, Durling Joy Driscoll completed a deal on Aug 22 ’24 to sell 6076.0 shares. Meanwhile, SVP, Corporate Controller Fleming William Fred Jr sold 2707.0 shares on Aug 22 ’24.
